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Miramar Beach 32550
1009 Forest Shore Drive
$715,000
● House - Off Market

1009 Forest Shore Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
2 Baths
$4,029
Est. Monthly
3.04%
Cap Rate

About This Property

Offering 10k in closing cost! Located in a quiet, no-HOA neighborhood, this beautifully updated four-bedroom, two-bath home offers a circular paver driveway with ample parking, a heated and cooled two-car garage, an amazing back yard with pool and hot tub, and a separate heated and cooled she-shed plus whole house generator. Inside, the one-story open floor plan showcases quality finishes with high ceilings and crown molding throughout. Updates include a remodeled kitchen with quartz counter tops, tile back splash and new appliances, lvp flooring, a living room addition, and more. The spacious living area showcases a gas log fireplace and pool views flowing into a large dining room and breakfast nook. While a versatile fourth bedroom right off the entry, could be utilized as an office
Unit Size
-
Days on Market
53 days
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (ECAR #980234)

Price History

Date / Event Date Event Price
Aug 26, 2025 Sold
Premium
Sold
Jul 28, 2025 In contract -
In contract
Jul 11, 2025 Price Decreased $779,900
↓ $20K (2.5%)
Price Decreased
Jul 4, 2025 Listed by Lead Realty $799,900
Listed by Lead Realty
Oct 1, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,238
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,395
  • Gross Building Area: 2,395
  • Building Area: 1,915
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,915
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY SHORES ESTATES 4
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 4 BLK P HOLIDAY SHORES ESTATES 4TH ADDITION PB 4-27 OR 2001-168 &-169 OR 2100-335 OR 2130-32 OR 2208-183 OR 2478-1600 OR 2975-1208

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-19-21
  • Parcel: 19-2S-21-42300-00P-0040
  • Block: P
  • Lot: 4
  • Meridian: SEC 19 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3904
  • Longitude: -86.3813

    Address

  • Full Address: 1009 Forest Shore Dr
  • Address - House Number: 1009
  • Address - Street Name: Forest Shore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C013
  • 4-Digit Zip Code: 3943
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,071
  • Tax Year: 2022
  • Tax Amount: $225,624
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2713
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 664,783
  • High Value: 845,194
  • Low Value: 484,372

    Market Valuation

  • Market Total Value: $418,068
  • Market Land Value: $76,688
  • Market Improvement Value: $341,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $281,631

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200038581
  • Previous Sale Recording Date: Apr 02, 2015
  • Previous Sale Contract Date: Apr 02, 2015
  • Previous Sale Amount: $266,000
  • Previous Sale Document Type: 71
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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$497

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1708 ft²

Average Home Age

26.6 years

Currently For Sale

994 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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ECAR

Listed by: Jason J Jones, Lead Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 980234
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1009 Forest Shore Drive built and last sold?
The property at 1009 Forest Shore Drive was built in 2000 and last sold on Sep 25, 2020 for $340,000.
How much is this home worth?
The estimated value of the home located at 1009 Forest Shore Drive is $0.
What are some comparable homes to 1009 Forest Shore Drive?
There are currently no comparable homes to 1009 Forest Shore Drive.
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