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Walton 32459
1013 Cocobolo Drive
$400,000
● House - Off Market

1013 Cocobolo Drive

Santa Rosa Beach, FL 32459
bedrooms
4 Beds
bathrooms
2 Baths
$2,539
Est. Monthly
$267
HOA / Fees
4.31%
Cap Rate

About This Property

Beautifully updated 4BR/2BA home in highly sought-after Driftwood Estates! Fresh interior paint and brand-new carpet in all bedrooms complement hardwood and tile throughout the main living areas. The home includes a recently upgraded HVAC system with whole-home UV air purification, improving indoor air quality by reducing allergens, bacteria, and odors. Enjoy a spacious split floor plan, screened-in back porch, and fully fenced backyard with lush landscaping. Located 0.2 miles from the community pool and Driftwood Estates Park, which features pickleball, tennis, basketball, playgrounds, and more. Approximately 6.5 miles to public beach access, with Sacred Heart Hospital and Grand Boulevard shopping and dining within a few miles.
Unit Size
-
Days on Market
214 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$185
HOA Dues
$267
Year Built
2013

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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: 10 months ago (ECAR #979345)

Price History

Date / Event Date Event Price
Jan 23, 2026 Sold
Premium
Sold
Jan 4, 2026 In contract -
In contract
Dec 6, 2025 Price Decreased $424,900
↓ $10K (2.3%)
Price Decreased
Oct 8, 2025 Price Decreased $434,900
↓ $15K (3.3%)
Price Decreased
Sep 3, 2025 Price Decreased $449,900
↓ $10K (2.2%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,154
  • Total Building Area: 2,419
  • Gross Building Area: 2,419
  • Building Area: 2,019
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,019
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRIFTWOOD ESTATES PHASE IIC
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 319 DRIFTWOOD ESTATES PHASE IIC S/D PB 17-47 OR 2711-1676 OR 2892-3936 OR 2939-1606 OR 3085-3610

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Geography

  • Assessors Map Reference: S2-13-21
  • Subdivision Phase Number: 2C
  • Parcel: 13-2S-21-42020-000-0319
  • Block: 3
  • Lot: 319
  • Meridian: SEC 13 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.4114
  • Longitude: -86.3145

    Address

  • Full Address: 1013 Cocobolo Dr
  • Address - House Number: 1013
  • Address - Street Name: Cocobolo
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H031
  • 4-Digit Zip Code: 8047
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,076
  • Tax Year: 2022
  • Tax Amount: $218,894
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2748
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 60
  • Final Value: 559,505
  • High Value: 713,313
  • Low Value: 405,698

    Market Valuation

  • Market Total Value: $374,128
  • Market Land Value: $49,676
  • Market Improvement Value: $324,452

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $274,369

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2018
  • Current Sale Recording Date: Sep 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018000032084
  • Previous Sale Recording Date: Dec 30, 2013
  • Previous Sale Contract Date: Dec 17, 2013
  • Previous Sale Amount: $249,900
  • Previous Sale Document Type: 20
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 Walton

Stats & Trends

Median Asking:

$729,000

Sale Price/ft²

$424

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2272 ft²

Average Home Age

17.5 years

Currently For Sale

2336 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: Hiller Group, EXP Realty LLC
Last Updated: 10 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 979345
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 1013 Cocobolo Drive built and last sold?
The property at 1013 Cocobolo Drive was built in 2013 and last sold on Sep 21, 2018 for $314,900.
How much is this home worth?
The estimated value of the home located at 1013 Cocobolo Drive is $429,149.
What are some comparable homes to 1013 Cocobolo Drive?
There are currently no comparable homes to 1013 Cocobolo Drive.
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