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Walton 32413
116 Compass Point Way
$2,758,775
● House - Off Market

116 Compass Point Way

Santa Rosa Beach, FL 32461
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
$4,682,923
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Pre-Sale. This home has an open floor plan with 4300 square feet, 4 bedrooms, a bunk room, 4 and 3 half baths, a pool, plus all the upgrades you would expect at Watersound Beach. Some of the fabulous details are mahogany front door, granite and limestone countertops, custom molding, custom stone flooring and reclaimed oak hardwoods throughout. The entire third floor houses a master retreat and private porch with specatular views.
Unit Size
-
Days on Market
658 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$1,110
Year Built
2016

Payment Calculator

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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 #712788)

Price History

Date / Event Date Event Price
Feb 1, 2019 Sold
Premium
Sold
Jun 13, 2016 Sold
Premium
Sold
Aug 15, 2014 Sold
Premium
Sold
Jul 25, 2014 Listed by Berkshire Hathaway HomeServices $2,758,775
Listed by Berkshire Hathaway HomeServices

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 19
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 400
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,837
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 560
  • Total Building Area: 4,895
  • Gross Building Area: 4,895
  • Building Area: 4,655
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,655
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERSOUND BEACH PH 6
  • Land Acres: 0000000134
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 18 GULFVIEW AT WATERSOUND BEACH PH 6 PB 18-99 OR 2957-1959 OR 3096-1907

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950611

Geography

  • Assessors Map Reference: S3-20-18
  • Subdivision Phase Number: 6
  • Parcel: 20-3S-18-16022-000-0180
  • Block: 1
  • Lot: 18
  • Meridian: SEC 20 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3
  • Longitude: -86.0692

    Address

  • Full Address: 116 Compass Point Way
  • Address - House Number: 116
  • Address - Street Name: Compass Point
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Inlet Beach
  • Carrier Code: R035
  • 4-Digit Zip Code: 8608
  • Zip Code: 32461

Valuation

    Tax

  • Total Area: 5,507
  • Tax Year: 2022
  • Tax Amount: $4,609,698
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2222
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 7,990,462
  • High Value: 9,766,370
  • Low Value: 6,214,553

    Market Valuation

  • Market Total Value: $5,248,290
  • Market Land Value: $1,789,616
  • Market Improvement Value: $3,458,674

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,248,290
  • Assessed Land Value: $1,789,616
  • Assessed Improvements Value: $3,458,674

    Sales

  • Current Sale Contract Date: Feb 01, 2019
  • Current Sale Recording Date: Feb 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20190003287
  • Previous Sale Recording Date: Aug 15, 2014
  • Previous Sale Contract Date: Aug 14, 2014
  • Previous Sale Amount: $485,000
  • Previous Sale Document Type: 68
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 Walton

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2270 ft²

Average Home Age

17.7 years

Currently For Sale

3408 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 H Harman, Berkshire Hathaway HomeServices
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 712788
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 116 Compass Point Way built and last sold?
The property at 116 Compass Point Way was built in 2016 and last sold on Feb 1, 2019 for $4,625,000.
How much is this home worth?
The estimated value of the home located at 116 Compass Point Way is $0.
What are some comparable homes to 116 Compass Point Way?
There are currently no comparable homes to 116 Compass Point Way.
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