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Crestview 32536 Northlakes
112 Tranquility Drive
$35,000
● Land - Off Market

112 Tranquility Drive

Crestview, FL 32536
bedrooms
Studio
bathrooms
0 Bath
$225
Est. Monthly

About This Property

This prime waterfront parcel offers an extraordinary opportunity to design and build the home you've always dreamed of, right on the water. Perfectly situated to capture breathtaking views and serene sunsets, this lot has already been cleared, filled, and professionally prepped to save you time and money in the building process.
Unit Size
-
Days on Market
64 days
Land Size
0.65 acres
Price per sqft
-
Property Type
Land
Property Taxes
$28
HOA Dues
-
Year Built
-

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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: 11 months ago (ECAR #979978)

Price History

Date / Event Date Event Price
Dec 30, 2025 Sold
Premium
Sold
Nov 11, 2025 In contract -
In contract
Oct 28, 2025 Relisted $40,000
Relisted
Oct 24, 2025 In contract -
In contract
Aug 16, 2025 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,284
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: NORTHLAKES S/D
  • Land Acres: 0000000649
  • Standard Land Use Code: 8000
  • County Land Use Code: 0000
  • State Land Use Code: 000000
  • Legal Description 1: NORTHLAKES S/D PH I LOT 6 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020500

Geography

  • Assessors Map Reference: 15B
  • Subdivision Phase Number: 1
  • Parcel: 06-3N-23-1788-000A-0060
  • Block: A
  • Lot: 6
  • Meridian: SEC 06 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7864
  • Longitude: -86.5898

    Address

  • Full Address: 112 Tranquility Dr
  • Address - House Number: 112
  • Address - Street Name: Tranquility
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R002
  • 4-Digit Zip Code: 9505
  • Zip Code: 32536

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,879
  • Tax Rate Code Area: 003

    Market Valuation

  • Market Total Value: $19,705
  • Market Land Value: $19,705

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,705
  • Assessed Land Value: $19,705

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Sep 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3581324
  • Previous Sale Recording Date: Aug 22, 2013
  • Previous Sale Contract Date: Aug 19, 2013
  • Previous Sale Amount: $355,000
  • 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 Northlakes

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$162

Above Asking

0.00%

Average Days on Market

116

Average Home Size

2029 ft²

Average Home Age

18.7 years

Currently For Sale

0 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: Matthew R Hoover, The Property Group 850 Inc
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 979978
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 112 Tranquility Drive built and last sold?
The property at 112 Tranquility Drive was built in and last sold on Sep 20, 2022 for $24,500.
How much is this home worth?
The estimated value of the home located at 112 Tranquility Drive is $0.
What are some comparable homes to 112 Tranquility Drive?
There are currently no comparable homes to 112 Tranquility Drive.
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