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Okaloosa 32547 Kenwod
1071 Tree Point Drive
$2,100,000
● House - Off Market

1071 Tree Point Drive

Fort Walton Beach, FL 32547
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$10,927
Est. Monthly
0.91%
Cap Rate

About This Property

Beautiful water views from nearly every room of this 4 bed/4.5 bath, 4175sf, custom built waterfront home.  Located on a private cul-de-sac on over 1 acre, complete with a gunite saltwater pool, a covered outdoor kitchen and a 124' dock with a covered boat lift.
Unit Size
-
Days on Market
69 days
Land Size
0.46 acres
Price per sqft
-
Property Type
House
Property Taxes
$615
HOA Dues
-
Year Built
1994

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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 #968242)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
Feb 10, 2025 Listed by EXP Realty LLC $2,100,000
Listed by EXP Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 729
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,201
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 5,556
  • Gross Building Area: 5,556
  • Building Area: 4,175
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,175
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STALLWORTH POINT
  • Land Acres: 0000000464
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: STALLWORTH POINTE LOT 8

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021700

Geography

  • Assessors Map Reference: 43
  • Parcel: 36-1S-24-2444-0000-0080
  • Lot: 8
  • Meridian: SEC 36 TWN 01S RNG 24W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4544
  • Longitude: -86.601

    Address

  • Full Address: 1071 Tree Point Dr
  • Address - House Number: 1071
  • Address - Street Name: Tree Point
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C029
  • 4-Digit Zip Code: 1898
  • Zip Code: 32547

Valuation

    Tax

  • Total Area: 4,772
  • Tax Year: 2023
  • Tax Amount: $738,132
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 1,187,859
  • High Value: 1,399,598
  • Low Value: 976,120

    Market Valuation

  • Market Total Value: $1,152,311
  • Market Land Value: $528,590
  • Market Improvement Value: $623,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $635,161

    Exemptions

  • Homeowner Exemption: Yes
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 Kenwod

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1942 ft²

Average Home Age

48.8 years

Currently For Sale

11 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

Rentals Near You

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ECAR

Listed by: Justin B Myers, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 968242
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 1071 Tree Point Drive built and last sold?
The property at 1071 Tree Point Drive was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1071 Tree Point Drive is $0.
What are some comparable homes to 1071 Tree Point Drive?
There are currently no comparable homes to 1071 Tree Point Drive.
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