MAKE AN OFFER .Priced BELOW Market! Villages of Crystal Beach, Known by investors for its fantastic rental return rate. This 2 story can be the next RENTAL GENERATOR to your investment portfolio. GROSS REVENUE of $70,000 in 2023 ,$53,800 in 2024 and over $50,000 on the books for 2025 .( please check the documents) New Master Bedroom furniture as well as newly remodeled master bathroom vanity, lighting , tile, tub and paint. New toilets throughout the home. New guest bathroom vanity, light tile and paint. New washer & dryer. New kitchen pots and pans, bar stools, couch TV and balcony fans. This private gated vacation retreat is steps from the lagoon style pool with a gradual beach-like entry
Single-familyProperty Type
2006Year Built
$415Est. Price/Sq.Ft.
3 spacesParking
Listed by Brian Raymond• Berkshire Hathaway Home Services PenFed Realty
Bought with Vicky Leos & Emerald Coast Lifestyles Group Leos• Keller Williams Realty Destin
Welcome to the Sun Shack. This beautiful beach home is just steps to the pool and a few blocks to the beach. The Property comes fully furnished and rental ready. Newly installed premium luxury waterproof vinyl wood plank flooring on the stairs and upstairs complements the lovely decor. The first floor is all tile with new wood plank in the bedroom. This is an investor's dream! The massive Lagoon Pool area is a major draw for vacationers, as well as the Seasonal free Beach transit and the location can't be beat, right in the heart of Destin near tons of shopping, dining and entertainment. This home is NOT in the Cobra flood Zone and is zoned X so no flood insurance is required and would be eligible for VA loans.
ECAR #743185
May 2, 2016
Sold
$400,000
$212/sq ft
Dec 15, 2015
Listed
$422,500
$224/sq ft
NAMLS #704183
Dec 1, 2015
Listing Removed
—
Apr 25, 2014
Listed
$425,000
$226/sq ft
ECAR #389258
Aug 30, 2006
Sold
$715,000
$380/sq ft
Mar 1, 2005
Listed
$740,000
$393/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,357 (−6.6%)
$308,588 + $397,056
$705,644
2024
$8,951 (+6.2%)
$308,588 + $397,056
$705,644
2023
$8,429 (+14.7%)
2022
$7,350 (+46.7%)
2021
$5,012 (+9.7%)
$225,000 + $384,897
$609,897
2020
$4,567 (−0.1%)
2019
$4,573 (+7.5%)
$142,800 + $222,213
$365,013
2018
$4,253 (+3.4%)
$115,688 + $215,511
$331,199
2017
$4,111 (+2.9%)
$108,120 + $206,440
$314,560
2016
$3,996 (+1.5%)
$108,120 + $206,440
$314,560
2015
$3,936 (+10.2%)
$100,000 + $200,552
$300,552
2014
$3,571
Tax history for 235 E Grand Key Loop
Year
Property tax
Land + Additions
Assessment*
2025
$8,357 (−6.6%)
$308,588 + $397,056
$705,644
2024
$8,951 (+6.2%)
$308,588 + $397,056
$705,644
2023
$8,429 (+14.7%)
2022
$7,350 (+46.7%)
2021
$5,012 (+9.7%)
$225,000 + $384,897
$609,897
2020
$4,567 (−0.1%)
2019
$4,573 (+7.5%)
$142,800 + $222,213
$365,013
2018
$4,253 (+3.4%)
$115,688 + $215,511
$331,199
2017
$4,111 (+2.9%)
$108,120 + $206,440
$314,560
2016
$3,996 (+1.5%)
$108,120 + $206,440
$314,560
2015
$3,936 (+10.2%)
$100,000 + $200,552
$300,552
2014
$3,571
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
1,172 Sq. Ft.
Year renovated
2006
Sq. Ft.
1,884
Year built
2006
Style
Single Family Residential
County
Okaloosa County
APN
002S22112500000600
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 12, 2026.
ROI-TD
Residential, Office and Institutional Tourist Development District
The Residential, Office, and Institutional - Tourist Development zoning district shall apply to areas developed, redeveloped and maintained and conserved as areas that accommodate: business and professional offices; seasonal single-family detached or multi-family attached residential dwelling units; institutional uses; and commercial hotel, motel, bed and breakfast establishments and other commercial transient living accommodations. General retail sales and services are allowed but must be integrated in a planned unit development designed to support the surrounding residential neighborhoods. ROI-TD zoning district shall only be allowed on subject properties that abut or are located south of Harbor Boulevard/Emerald Coast Parkway as delineated on the zoning map. It is the intent of the ROI - TD zoning district to specifically not allow the following uses to be located in the district: permanent single-family detached or multi-family attached residential dwelling units; and all non-residential uses not previously listed above.
Permitted uses
Include but are not limited to:
Day care facility
Laundromat
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Hotel / motel
Post office
Veterinary clinic
Oct 29, 2025 • Final
Residential
Plumbing
Oct 29, 2025 • Final
Commercial
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.