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Upper Grand Lagoon 32408 Bay Point
1008 Barracuda Drive
Photo of 1008 Barracuda Drive
Sold on Dec 14, 2023

39

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Photo of 1008 Barracuda Drive
Photo of 1008 Barracuda Drive
$570,000
● House - Off Market

1008 Barracuda Drive

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,380 Ft²
$3,243
Est. Monthly
$110
HOA / Fees

About This Property

Beautiful executive home in Bay Point with 3 bedrooms, 2 baths, and a Florida room. Prestigious location with a huge master bedroom suite with walkin or roll in shower. Brick fireplace is the center of the great room. New roof installed 6/23/23. Oversized garage and brick pavers welcome you at the entrance. Lush landscaping in the front yard provides a buffer to any traffic. The exterior features a courtyard. The gated community of Bay Point is home to an 18 hole Nicklaus Design Championship Golf Course, a newly constructed marina is now complete, tennis courts, and 24/7 security. Furnished by Shore House and the furniture with the exception of a book case.
Unit Size
2,380 Ft²
Days on Market
192 days
Land Size
0.33 acres
Price per sqft
$250
Property Type
House
Property Taxes
$211
HOA Dues
$110
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 26 days ago ( #736973)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Jan 27, 2023 Listed by Counts Real Estate Group Inc $595,000
Listed by Counts Real Estate Group Inc
Apr 13, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,754
  • Total Building Area: 2,908
  • Gross Building Area: 2,908
  • Building Area: 2,380
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY POINT
  • Land Acres: 0000000339
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BAY POINT UNIT 1 LOT 214 ORB 819 P 729-ORB 4230 P 2104

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002608

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30933-293-000
  • Lot: 214
  • Meridian: SEC 09 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1555
  • Longitude: -85.7398

    Address

  • Full Address: 1008 Barracuda Dr
  • Legal Unit: 1
  • Address - House Number: 1008
  • Address - Street Name: Barracuda
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C987
  • 4-Digit Zip Code: 7260
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,755
  • Tax Year: 2023
  • Tax Amount: $287,366
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.0983
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 90
  • Final Value: 560,184
  • High Value: 615,287
  • Low Value: 505,080

    Market Valuation

  • Market Total Value: $335,028
  • Market Land Value: $99,027
  • Market Improvement Value: $236,001

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,682

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 77694
  • Previous Sale Recording Date: Apr 13, 2006
  • Previous Sale Contract Date: Apr 07, 2006
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bay Point

Stats & Trends

Median Asking:

$787,000

Sale Price/ft²

$296

Below Asking

0.03%

Average Days on Market

113

Average Home Size

2376 ft²

Average Home Age

40.6 years

Currently For Sale

21 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 1008 Barracuda Drive built and last sold?
The property at 1008 Barracuda Drive was built in 1985 and last sold on Dec 14, 2023 for $570,000.
How much is this home worth?
The estimated value of the home located at 1008 Barracuda Drive is $603,845.
What are some comparable homes to 1008 Barracuda Drive?
There are currently no comparable homes to 1008 Barracuda Drive.
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