New search
Property profile & analytics
FOR SALE
Marinas
4601 Legendary Marina Dr, Destin, FL 32541
Trust Owned
Absentee Owner
Free & Clear
Property ID
US18-6090889
For Sale
1 / 19
$185,000
4601 Legendary Marina Dr, Destin, FL 32541
View Listing →
Property profile
Verified
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Year built
2001
Construction
STEEL FRAME
Total area
150,900 SF
Lot
11.29 ac (491,792 SF)
APN
00-2S-22-0000-0001-A870
UPID
US18-6090889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boat Charter Destin Tour Operator Travel Agency
-
Outdoor Cover Warehouse Furniture & Home Goods Hardware & Home Improvement
-
Legendary Marine Sales & Brokerage (Bike/Boat/Book/etc) Store
-
Legendary Canvas & Upholstery Furniture & Home Goods
-
Last Cast Charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carr Lane Spendthrift Trust
Carr Lane Spendthrift Trust
since 2025
Last sale
$120,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$101,301
Tax year 2023
Assessed value
$9,585,490
Assessed 2023
Previous assessed
$8,767,357
+9.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$4,256,239
Assessed improvement
$5,329,251
Land market value
$4,256,239
Improvement market value
$5,329,251
Total market value
$9,585,490
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Status
For Sale
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
1
Rooms
16
Total area
150,900 SF
Lot
11.29 ac (491,792 SF)
APN
00-2S-22-0000-0001-A870
UPID
US18-6090889
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Rooms
16
Lot
11.29 ac
Current owner
From public records · entity-resolved
Carr Lane Spendthrift Trust
Trust
Free & Clear · 0 yrs held
Mailing address
4471 LEGENDARY DR, DESTIN, FL 32541-5324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
65 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Carr Lane Spendthrift Trust
Mariam Baker Zayida
Deed
related
—
Nov 25, 2025
$120,000
Lizard Palms LLC
Robert Kenneth Hatcher
Warranty Deed
—
Sep 11, 2025
$150,000
Lyc Destin LLC
Lester Odell Ranew
Warranty Deed
—
Jul 7, 2025
—
Mariam Baker Zayida
Mariam Baker Zayida
Deed
related
—
Apr 15, 2025
$130,000
Scott Nisbet
Kenneth C Adkisson
Warranty Deed
—
Apr 2, 2025
$65,000
Peyton Bailey
Lewis & Clark Ltd LLC
Warranty Deed
—
Jan 15, 2025
$265,000
Cisap Properties LLC
Circle F Holdings LLC
Warranty Deed
$200,000 · Circle F Holdings LLC
Jul 12, 2024
$50,000
Rms Capital Group INC
Freeport Real Estate Investments Ll
Warranty Deed
—
Jun 21, 2024
$85,000
Mark Killen
Finway Florida LLC
Warranty Deed
—
Mar 6, 2024
—
James C Donohue
—
Deed
related
$27,434 · The First A National Banking Assn
Nov 17, 2023
—
Finway Florida LLC
Finway Florida LLC
Deed
related
—
Jun 30, 2023
$67,000
Hunter Chatten Clay
Dms Holdings LLC
Warranty Deed
—
Apr 27, 2023
$60,000
Dms Holdings LLC
Johnnie M Sfakianos
Warranty Deed
—
Feb 28, 2023
$155,000
Robert Allen Rogers Vi
John D Murray
Warranty Deed
—
Dec 22, 2022
—
Kenneth C Adkisson
Kenneth C Adkisson
Deed
related
—
Oct 27, 2022
—
M&k Marketing LLC
Accident Injury Centers Of Atlanta
Quitclaim Deed
related
—
Oct 7, 2022
—
Legendary Marine LLC
Lyc Destin LLC
Warranty Deed
—
Oct 3, 2022
$85,000
Dane Thomas
Roger D Gibbs
Warranty Deed
$85,000 · Roger Gibbs
Aug 30, 2022
$185,000
Lyc Destin LLC
Jnz Properties LLC
Warranty Deed
—
Apr 25, 2022
—
Midbay D9 LLC
Lisa Reaves
Quitclaim Deed
related
—
Dec 13, 2021
$335,000
Leslie J Lynch
Stephen Depasquale
Warranty Deed
—
Nov 3, 2021
$65,000
Lewis & Clark Ltd LLC
Tap Investments Partnership
Warranty Deed
—
Oct 14, 2021
$187,000
Danny R Verrette
Mary H Mann
Warranty Deed
—
Oct 14, 2021
—
Mary H Mann
Harley D 01082011 LLC
Deed
related
—
Aug 20, 2021
$30,000
Rita Bottems
William R Mckinley
Warranty Deed
—
Jul 29, 2021
$170,000
Whaler Investments LLC
Martin R Smith
Warranty Deed
—
Jul 26, 2021
$217,500
Lisa Reaves
Lfhm LLC
Warranty Deed
—
May 6, 2021
$145,000
Jnz Properties LLC
Gugar Family Ltd
Warranty Deed
—
Apr 19, 2021
$175,000
Seastation LLC
W John Chuplis
Warranty Deed
—
Apr 14, 2021
$175,000
Scott York
R & S Lyons LLC
Warranty Deed
—
Mar 16, 2021
$135,000
Tommy M Sundy
Debra Garrett Levis
Warranty Deed
—
Mar 4, 2021
$178,000
Csmc LLC
Robert Tipton
Warranty Deed
—
Mar 1, 2021
$200,000
Circle F Holdings LLC
Dennis James Smith
Warranty Deed
—
Feb 17, 2021
$85,000
Kenneth C Adkisson
Warren S Orlando JR
Warranty Deed
—
Nov 24, 2020
—
Legendary Assets & Operations LLC
—
Deed
related
$5,125,000 · Truist Bank
Jul 24, 2020
$175,000
Catch Me If U Can Fishing Char
Schilling Family Trust
Warranty Deed
—
Jun 22, 2020
$90,000
James Tuthill
Gregory Barber
Warranty Deed
—
Mar 4, 2020
—
R & S Lyons LLC
—
Deed
related
—
Nov 12, 2019
$100
Robert Rowland
Farr Margaret A Trust
Warranty Deed
—
Sep 16, 2019
$200,000
Paul R Hoover
Lyc Destin LLC
Warranty Deed
—
Aug 9, 2019
$72,500
James Yamshak
Susnjara,kenneth
Warranty Deed
—
Jun 20, 2019
$150,000
Edward H Zax
Williams,dennis E
Warranty Deed
—
Jun 12, 2019
$85,000
Albert P Elebash JR.
Wheeler,jonathan R & Suzanne
Warranty Deed
—
Jun 11, 2019
—
Lyc Destin LLC
—
Deed
related
$6,900,000 · First United Bk
May 24, 2019
$99,000
Lyc Destin LLC
Rogers,janet Reed & Janet
Warranty Deed
$99,000 · Reed & Janet Rogers
Dec 11, 2018
$100
Ritter Joint Trust
Ritter,randy M & Cynthia D
Warranty Deed
related
—
Sep 5, 2018
$30,000
Lyc Destin LLC
Gaylor,darren & Jennifer
Warranty Deed
—
Aug 10, 2018
$48,700
Lyc Destin LLC
Beach Cmnty Bk
Grant Deed
—
Aug 2, 2018
$170,000
Craig A Bridell
Legendary Assets & Operations
Warranty Deed
—
Jul 6, 2018
$70,000
Lyc Destin LLC
Sparks,brian & Brooke
Warranty Deed
—
Jun 13, 2018
$130,000
Legendary Assets & Operations
Cari Investments Co LLC
Warranty Deed
—
Jun 13, 2018
—
Lyc Destin LLC
—
Deed
related
$6,900,000 · First United Bk
Jun 5, 2018
—
Lyc Destin LLC
—
Deed
related
$988,581 · First United Bk
Jun 4, 2018
—
Sfakianos,jointe Trust
Sfakianos,constantine N & Johnnie M
Quitclaim Deed
related
—
May 30, 2018
$234,000
Lester O Ranew
Lyc Destin LLC
Warranty Deed
—
May 29, 2018
$170,000
Gene Quirk
Flynn Michael T Trust
Grant Deed
related
—
Sep 25, 2017
—
Lyc Destin LLC
—
Deed
related
$4,654,500 · First United Bk
Nov 9, 2016
—
Mary H Mann
Harley D 01082011 LLC
Quitclaim Deed
related
—
Jul 1, 2016
—
Lyc Destin LLC
—
Deed Of Trust
related
$35,000,000 · American Bk/tx
May 25, 2016
$70,000
Theson Five Holdings Lllp
Joseph M Rackley JR
Warranty Deed
—
May 11, 2016
$160,000
R & S Lyons LLC
Lyc Of Destin LLC
Warranty Deed
—
May 11, 2016
$174,000
Selid Rental Properties INC
Lyc Destin LLC
Warranty Deed
—
Feb 5, 2010
$128,500
Robert K Hatcher
Lyc Destin INC
Grant Deed
—
—
—
Lyc Destin LLC
—
Deed Of Trust
related
$6,900,000 · First United Bk
—
—
Lyc Destin LLC
—
Deed Of Trust
related
$6,900,000 · First United Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
