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Niceville 32578 Rocky Bayou
111 Mulry Drive
$900,000
● House - Off Market

111 Mulry Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
3 Baths
$5,080
Est. Monthly
2.12%
Cap Rate

About This Property

Welcome to this stunning 4-bedroom, 3-bathroom home located in the highly sought-after Rocky Bayou Estates neighborhood in Niceville. Thoughtfully remodeled with modern finishes and timeless charm, this home offers spacious living, elegant upgrades, and a sparkling pool perfect for entertaining or relaxing in your private backyard oasis.
Unit Size
-
Days on Market
24 days
Land Size
0.74 acres
Price per sqft
-
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
2002

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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 #977269)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Premium
Sold
May 22, 2025 Listed by Sound Choice Real Estate LLC $915,000
Listed by Sound Choice Real Estate LLC
May 12, 2020 Sold
Premium
Sold
Jan 4, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,082
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 32,286
  • Total Building Area: 5,043
  • Gross Building Area: 5,043
  • Building Area: 3,229
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,229
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKY BAYOU EST
  • Land Acres: 0000000741
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: ROCKY BAYOU EST UNIT 12-B LOT 10 BLK E

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: 29
  • Parcel: 09-1S-22-5022-000E-0100
  • Block: E
  • Lot: 10
  • Meridian: SEC 09 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5144
  • Longitude: -86.447

    Address

  • Full Address: 111 Mulry Dr
  • Legal Unit: 12-B
  • Address - House Number: 111
  • Address - Street Name: Mulry
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R008
  • 4-Digit Zip Code: 2398
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 4,044
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 930,985
  • High Value: 1,086,679
  • Low Value: 775,291

    Market Valuation

  • Market Total Value: $774,454
  • Market Land Value: $112,089
  • Market Improvement Value: $662,365

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $611,535

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2020
  • Current Sale Recording Date: May 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3357607
  • Previous Sale Recording Date: Jan 04, 2018
  • Previous Sale Contract Date: Dec 29, 2017
  • Previous Sale Amount: $577,000
  • 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 Rocky Bayou

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$260

Below Asking

0.02%

Average Days on Market

83

Average Home Size

2523 ft²

Average Home Age

33.4 years

Currently For Sale

5 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: Andrew Tidwell, Sound Choice Real Estate LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 977269
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 111 Mulry Drive built and last sold?
The property at 111 Mulry Drive was built in 2002 and last sold on May 6, 2020 for $598,000.
How much is this home worth?
The estimated value of the home located at 111 Mulry Drive is $0.
What are some comparable homes to 111 Mulry Drive?
There are currently no comparable homes to 111 Mulry Drive.
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