1656 Scenic Gulf Dr - Apartments FOR SALE


Destin, FL 32550
$3,200,000 USD
850-960-8808
1656 Scenic Gulf Dr, Destin, FL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/101
null | Request Cap Rate

1656 Scenic Gulf Dr
Destin, FL 32550


OVERVIEW

Completely reimagined and extensively renovated in 2026, this Miramar Beach duplex offers two identical three story residences totaling 5,040 square feet of heated and cooled living space. With no HOA, deeded beach access directly across Scenic Gulf Drive, Gulf views, a fenced shared pool, and an updated paved driveway with on site parking, this is a rare Emerald Coast opportunity. Each residence offers approximately 2,520 square feet with 4 bedrooms, 3 full bathrooms, and 1 half bathroom. The first floor includes two bedrooms, a full bathroom, and a spacious living area with direct pool access. One first floor bedroom in each residence features custom built bunk beds for additional sleeping accommodations. The second floor features an open living and dining area, half bathroom, Gulf view balcony, and updated kitchen with quartz countertops, white shaker cabinetry, subway tile backsplash, stainless steel appliances, and generous storage. The third floor provides two bedrooms, two full bathrooms, and an additional Gulf view balcony. Permitted improvements include a metal reroof, siding, doors, flooring, sheetrock, kitchens, bathrooms, water heaters, vanities, plumbing and electrical fixtures, trim, ceiling fans, lighting, paint, and refreshed exterior amenities. This property offers exceptional flexibility for investment, multigenerational living, or a coastal retreat.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$766 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,600,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R

APN/PARCEL ID

32-2S-21-42260-000-0221

ASK ABOUT THIS PROPERTY

Carl AllenCounts Real Estate Group Inc.- Commercial DivisionMore Info
850-960-8808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Carl AllenCounts Real Estate Group Inc.- Commercial DivisionMore Info
850-960-8808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.