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Miramar Beach 32550
116 Norwood Drive
$725,000
● House - Off Market

116 Norwood Drive

Miramar Beach, FL 32550
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,636 Ft²
$1,343,341
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

This beautiful Mediterranean style stucco and tile roof home is set off by lush tropical landscaping including exotic breeds of palm trees. The kitchen has gorgeous custom black cabinets, stainless appliances, and stone counter tops. The first floor bathroom has a designer free standing vanity. The 2nd floor Master bath has a double designer carved free standing vanity, oversized bathtub, and separate shower. The third floor master suite has all of the above plus even better Gulf views. The entire home has diagonal stone tile, media wiring, alarm system, crown molding, and many other features. Situated on a fenced deep lot with private heated pool and less than 100 yards to the beach, this is an excellent value for an upscale home producing outstanding rental numbers. Call us today!
Unit Size
2,636 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$285
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
2007

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #725722)

Price History

Date / Event Date Event Price
May 29, 2015 Sold
Premium
Sold
Mar 23, 2015 Listed by Ocean Reef Realty Inc $750,000
Listed by Ocean Reef Realty Inc
Dec 23, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,861
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,636
  • Gross Building Area: 2,636
  • Building Area: 2,636
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,636
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BUNGALOW BEACH
  • Land Acres: 0000000135
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 5 BUNGALOW BEACH S/D PB 17 PG 74 OR 2832-1405 OR 2980-2452

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Geography

  • Assessors Map Reference: S2-33-21
  • Parcel: 33-2S-21-42880-000-0050
  • Lot: 5
  • Meridian: SEC 33 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3745
  • Longitude: -86.351

    Address

  • Full Address: 116 Norwood Dr
  • Address - House Number: 116
  • Address - Street Name: Norwood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,828
  • Tax Year: 2022
  • Tax Amount: $709,646
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2585
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 1,376,250
  • High Value: 1,732,113
  • Low Value: 1,020,388

    Market Valuation

  • Market Total Value: $828,338
  • Market Land Value: $168,957
  • Market Improvement Value: $659,381

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $828,338
  • Assessed Land Value: $168,957
  • Assessed Improvements Value: $659,381

    Sales

  • Current Sale Contract Date: May 29, 2015
  • Current Sale Recording Date: May 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015661324488
  • Previous Sale Recording Date: Dec 23, 2009
  • Previous Sale Contract Date: Dec 17, 2009
  • Previous Sale Amount: $600,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$740,000

Sale Price/ft²

$502

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1704 ft²

Average Home Age

26.5 years

Currently For Sale

983 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

Rentals Near You

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ECAR

Listed by: Hal Crane, Ocean Reef Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 725722
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 Norwood Drive built and last sold?
The property at 116 Norwood Drive was built in 2007 and last sold on May 29, 2015 for $725,000.
How much is this home worth?
The estimated value of the home located at 116 Norwood Drive is $0.
What are some comparable homes to 116 Norwood Drive?
There are currently no comparable homes to 116 Norwood Drive.
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