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Miramar Beach 32550
1131 Prestwick Place
$486,000
● House - Off Market

1131 Prestwick Place

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,926 Ft²
$886,157
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Charming lakefront home in the preferred neighborhood of Prestwick Place in Sandestin Golf and Beach Resort. This home offers spacious living with an open floor plan of two bedrooms on the first floor and master retreat upstairs. The large back screen porch is private with views of the lake. Fishing is just out your back door! Located within a short golf cart ride to Grand Boulevard, which is full of restaurants and shopping just outside the gates of the resort. Inside the resort, owners can take advantage of the community pools, tennis courts,4 championship golf courses, restaurants, dining, and night life of the Village of Baytowne Wharf, beach access, as well as the walk-in clinic and pharmacy, and so much more. Everything you need is within a short walk, bike ride or golf cart ride
Unit Size
1,926 Ft²
Days on Market
-
Land Size
-
Price per sqft
$259
Property Type
House
Property Taxes
$308
HOA Dues
$367
Year Built
1999

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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 MLS #726304)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Sep 23, 2021 No longer available -
No longer available
Sep 2, 2021 Price Decreased $1,049,000
↓ $21K (2%)
Price Decreased
Sep 2, 2021 Relisted $1,070,000
Relisted
Aug 17, 2021 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 286
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 593,723
  • Total Building Area: 2,172
  • Gross Building Area: 2,532
  • Building Area: 2,172
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,172
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTWICK PLACE
  • Land Acres: 0000013630
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1131 PRESTWICK PLACE S/D PB 13-48 OR 2224-231 OR 2485-1157 OR 2658-1146 OR 2986-3407 OR 3225-1636

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Parcel: 26-2S-21-42620-000-1131
  • Block: 11
  • Lot: 1131
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3816
  • Longitude: -86.3185

    Address

  • Full Address: 1131 Prestwick Pl
  • Address - House Number: 1131
  • Address - Street Name: Prestwick
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 7863
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,190
  • Tax Year: 2022
  • Tax Amount: $781,679
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,283,205
  • High Value: 1,573,138
  • Low Value: 993,272

    Market Valuation

  • Market Total Value: $901,738
  • Market Land Value: $187,458
  • Market Improvement Value: $714,280

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $901,738
  • Assessed Land Value: $187,458
  • Assessed Improvements Value: $714,280

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210056769
  • Previous Sale Recording Date: Aug 06, 2015
  • Previous Sale Contract Date: Jul 29, 2015
  • Previous Sale Amount: $486,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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:

$724,000

Sale Price/ft²

$492

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1728 ft²

Average Home Age

26.4 years

Currently For Sale

692 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: Gary Bowman, Sandestin Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 726304
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 1131 Prestwick Place built and last sold?
The property at 1131 Prestwick Place was built in 1999 and last sold on Nov 12, 2021 for $975,000.
How much is this home worth?
The estimated value of the home located at 1131 Prestwick Place is $0.
What are some comparable homes to 1131 Prestwick Place?
There are currently no comparable homes to 1131 Prestwick Place.
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