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Panama City Beach 32413 Turtle Cove at Lake Powell
116 Turtle Cove
Photo of 116 Turtle Cove
Sold on Dec 9, 2022

36

Map

Photo of 116 Turtle Cove
Photo of 116 Turtle Cove
$429,000
● House - Off Market

116 Turtle Cove

Panama City Beach, FL 32413
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,325 Ft²
$465,729
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Can't decide between living near the beach or the bay?  How about both?  This quaint beach style house if fantastic for full time residence or a second home.  The house has recently been updated and is immaculate.  There is even a she-shed out back as a bonus.  The neighborhood amenities include a pool, clubhouse, community dock, and tennis courts.
Unit Size
1,325 Ft²
Days on Market
64 days
Land Size
0.14 acres
Price per sqft
$331
Property Type
House
Property Taxes
$198
HOA Dues
$747
Year Built
2012

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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: 28 days ago ( #733097)

Price History

Date / Event Date Event Price
Dec 12, 2022 Sold
Premium
Sold
Oct 4, 2022 Listed by EXP Realty LLC $439,000
Listed by EXP Realty LLC
Jan 24, 2022 Sold
Premium
Sold
Jan 8, 2020 Sold
Premium
Sold
Dec 3, 2019 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,967
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,673
  • Gross Building Area: 1,673
  • Building Area: 1,413
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,413
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TURTLE COVE AT LAKE POWELL PH2
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: TURTLE COVE AT LAKE POWELL PH2 LOT 9 ORB 4708 P 1906

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002706

Geography

  • Subdivision Phase Number: 2
  • Parcel: 36068-175-090
  • Lot: 9
  • Meridian: SEC 04 TWN 03S RNG 17W
  • Municipality: CITY OF PANAMA CITY BEACH
  • Latitude: 30.2638
  • Longitude: -85.9564

    Address

  • Full Address: 116 Turtle Cv
  • Address - House Number: 116
  • Address - Street Name: Turtle
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R025
  • 4-Digit Zip Code: 8439
  • Zip Code: 32413

Valuation

    Tax

  • Total Area: 1,525
  • Tax Year: 2023
  • Tax Amount: $368,019
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 509,387
  • High Value: 629,376
  • Low Value: 389,398

    Market Valuation

  • Market Total Value: $331,863
  • Market Land Value: $59,086
  • Market Improvement Value: $272,777

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $331,863
  • Assessed Land Value: $59,086
  • Assessed Improvements Value: $272,777

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 88027
  • Previous Sale Recording Date: Jan 24, 2022
  • Previous Sale Contract Date: Jan 21, 2022
  • Previous Sale Amount: $419,900
  • 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 Turtle Cove at Lake Powell

Stats & Trends

Median Asking:

$474,000

Sale Price/ft²

$272

Below Asking

0.03%

Average Days on Market

143

Average Home Size

2220 ft²

Average Home Age

10.4 years

Currently For Sale

5 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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Frequently Asked Questions

When was property at 116 Turtle Cove built and last sold?
The property at 116 Turtle Cove was built in 2012 and last sold on Dec 9, 2022 for $429,000.
How much is this home worth?
The estimated value of the home located at 116 Turtle Cove is $431,587.
What are some comparable homes to 116 Turtle Cove?
There are currently no comparable homes to 116 Turtle Cove.
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