Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    256 Kono Way Destin, FL 32541

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,099,000

    Six-bedroom home in Crystal Beach, ideal for short-term rentals.

    Lot size:
    0.03 Acres

    Property Features for 256 Kono Way

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: LoKation

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

    Learn more

    Property Insight Report

    Overview

    Spacious Home in Crystal Beach

    Located in the Villages of Crystal Beach, this spacious property features 6 bedrooms and 3.5 baths. The home offers an open-concept living area with abundant natural light. The modern kitchen includes stainless steel appliances and granite countertops. Adjacent to the kitchen is an open dining and living room. The second floor features an entertainment area. The master bedroom is located on the first floor, with five additional bedrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Walton
    State
    Florida
    Longitude
    -86.4195736
    Latitude
    30.3879417

    Nearby Similar for Sale

    • $249,000

      Destin Harbor Wet Slip

      65 Ft. wet slip on Destin Harbor.
      770 Hbr Blvd Unit, Destin, FL 32541
      View Details
    • Contact for pricing
      1,468 SF

      Updated Beach Villa in Destin

      Freestanding three-bedroom villa with new upgrades and furnishings.
      775 Gulf Shore Dr, Destin, FL 32541
      View Details
    • $1,090,000
      2,367 SF

      Holiday Isle Waterfront Residence

      Spacious condo with panoramic views, luxurious amenities, and marina access.
      110 Gulf Shore Dr, Destin, FL 32541
      View Details
    • $585,000

      Updated Gulf View Condo

      Updated 1BR condo with hall bunks and unobstructed Gulf views.
      1002 E Highway 98, Destin, FL 32541
      View Details
    • Contact for pricing
      2,649 SF

      Upgraded Condo with Gulf Views

      Renovated 3-bedroom condo with bay and gulf views.
      408 Kelly Plantation Dr, Destin, FL 32541
      View Details
    • $4,500,000
      21,120 SF

      Harbor Village Mixed-Use Building

      Renovated mixed-use building with retail and residential units in Destin.
      220 Harbor Blvd, Destin, FL 32541
      View Details
    • Contact for pricing
      3,380 SF

      Emerald Coast Office/Retail Space

      1,086 SF office/retail space near Destin's attractions and beaches.
      36164 Emerald Coast Pkwy, Destin, FL 32541
      View Details
    • $387,500
      1,550 SF

      Destin Office Condo: Prime Location

      1,550 SF Office Suite, Net Lease, Strong Cash Flow
      543 Harbor Blvd, Destin, FL 32541
      View Details
    • Contact for pricing
      987 SF

      Remodeled Condo with Gulf Views

      Updated 2-bedroom condo featuring high-end finishes and Gulf views.
      502 Gulf Shore Dr, Destin, FL 32541
      View Details
    • $817,500
      4,314 SF

      Destin West End Office Space

      Prime Destin Office: 4,029 SF, For Sale
      150 Azalea Dr, Destin, FL 32541
      View Details
    • Contact for pricing
      1,030 SF

      Updated Condo with Rental Income

      Income-producing, updated condo with Gulf views and resort amenities.
      500 Gulf Shore Dr, Destin, FL 32541
      View Details
    • $2,995,000
      13,396 SF

      Destin Commercial Building For Sale

      Prime Destin location, 9,350 SF office space, ample parking.
      35000 Emerald Coast Pkwy, Destin, FL 32541
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Six-bedroom home in Crystal Beach, ideal for short-term rentals.
    Where is this short term rental property located?
    The property is located at 256 Kono Way Destin, FL.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: - 6 bedrooms and 3.5 baths offer ample space for families or short-term rentals.; - Located in the highly sought-after Villages of Crystal Beach.; - Open-concept living area with abundant natural light.
    (850) 642-3740
    Request Owner's contact information
    256 Kono Way Destin, FL 32541
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    256 Kono Way
    Destin, FL 32541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    256 Kono Way Destin, FL 32541
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    (850) 642-3740 (954) 545-5583
    Learn more
    Google sign-in failed. Please try again or use another login method.