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    3695 Scenic Highway 98, Unit 903 Destin, FL 32541

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    For Sale
    $825,000

    Updated three-story townhome near the beach, generating $80k/year.

    Lot size:
    0.02 Acres

    Property Features for 3695 Scenic Highway 98

    General Information

    Lot size
    0.02 Acres

    Building Details

    Year built
    2004

    Source: EXP Realty LLC

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Townhome Rental Opportunity

    This updated three-story end unit townhome is located across the street from the beach. The property has generated on average $80k per year in 2023 and 2024. Each floor features a bedroom and a full bath. The third-floor master suite includes a spacious seating area, wet bar, and private balcony. The main floor comprises the living area, kitchen, dining area, and a guest suite, along with a spacious balcony. The first floor features another master suite with a private patio. The property has been recently updated with new flooring, furniture, appliances, HVAC, water heater, new paint, and one bath remodeled within the last 2.5 years. This property is suitable for short term rental, multifamily, and residential income purposes.
    Location Intelligence

    Current Use by Public Records

    Sugar Beach Weddings ... Wedding Service Ultimate Beach Weddings Wedding Service Beach Pointe 903 Vacation Home Rental Agency Beach Pointe 301 ... Hotel

    Suggested Use

    Law Firm Restaurant Dental Office Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Walton
    State
    Florida
    Longitude
    -86.398726
    Latitude
    30.3798615

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    FAQs

    What type of property is this?
    Short term rental property - Updated three-story townhome near the beach, generating $80k/year.
    Where is this short term rental property located?
    The property is located at 3695 Scenic Highway 98, Unit 903 Destin, FL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Directly across the street from the beach.; - Turnkey rental property generating $80k/year (2023 & 2024).; - **Three-story end unit townhome with designer touches.**
    (212) 300-5102
    Request Owner's contact information
    3695 Scenic Highway 98, Unit 903 Destin, FL 32541
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    Destin, FL 32541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3695 Scenic Highway 98, Unit 903 Destin, FL 32541
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