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Miramar Beach 32550
1148 N Troon Drive
$1,675,000
● House - Off Market

1148 N Troon Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths
$10,114
Est. Monthly
$560
HOA / Fees
0.58%
Cap Rate

About This Property

Entered for comp purposes
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,329
HOA Dues
$560
Year Built
2015

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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 #986335)

Price History

Date / Event Date Event Price
Sep 27, 2025 Sold
Premium
Sold
Sep 23, 2025 Listed by Compass $1,675,000
Listed by Compass
Jul 24, 2012 Sold
Premium
Sold
Feb 9, 2010 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • 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: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 678
  • Parking Space Count: 0
  • Patio Type: 70
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,524
  • Total Building Area: 3,852
  • Gross Building Area: 3,852
  • Building Area: 3,174
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TROON DRIVE S/D PH 1 2
  • Land Acres: 0000000471
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1148 TROON DRIVE PH I PB 7-16 OR 377-852 OR 1101-101 OR 1836-413 OR 1836-415 OR 1836-417 OR 1836-419 OR 2611-7 OR 2705-2276 OR 2789-3484 OR 2835-1707 OR 2895-4826 OR 3109-2012

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Subdivision Phase Number: 1
  • Parcel: 26-2S-21-42300-000-1148
  • Block: 11
  • Lot: 1148
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3848
  • Longitude: -86.3169

    Address

  • Full Address: 1148 Troon Dr N
  • Address - House Number: 1148
  • Street Segment Direction: N
  • Address - Street Name: Troon
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 4518
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 3,456
  • Tax Year: 2022
  • Tax Amount: $1,007,261
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,864,456
  • High Value: 2,345,156
  • Low Value: 1,383,755

    Market Valuation

  • Market Total Value: $1,284,363
  • Market Land Value: $255,625
  • Market Improvement Value: $1,028,738

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,284,363
  • Assessed Land Value: $255,625
  • Assessed Improvements Value: $1,028,738

    Sales

  • Current Sale Contract Date: Jul 23, 2012
  • Current Sale Recording Date: Jul 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1203206
  • Previous Sale Recording Date: Feb 09, 2010
  • Previous Sale Contract Date: Jan 25, 2010
  • Previous Sale Amount: $262,500
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1709 ft²

Average Home Age

26.6 years

Currently For Sale

985 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: Bedel Thome, Compass
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 986335
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 1148 Troon Drive North built and last sold?
The property at 1148 Troon Drive North was built in 2015 and last sold on Jul 23, 2012 for $205,000.
How much is this home worth?
The estimated value of the home located at 1148 Troon Drive North is $0.
What are some comparable homes to 1148 Troon Drive North?
There are currently no comparable homes to 1148 Troon Drive North.
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