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Walton 32413
116 Walton Gulf View Drive
$950,000
● Land - Off Market

116 Walton Gulf View Drive

Inlet Beach, FL 32461
bedrooms
Studio
bathrooms
0 Bath
$1,300,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

This is the perfect opportunity to own property in Inlet Beach. This quarter acre lot is the perfect location to build your dream home. This is the prime location with ocean views minutes from 30A shopping & dining. Lot has electricity, public sewer and public water.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$349
HOA Dues
-
Year Built
1992

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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 #933269)

Price History

Date / Event Date Event Price
Nov 3, 2023 Sold
Premium
Sold
Sep 26, 2023 Listed by Coldwell Banker Realty $1,300,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,932
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 750
  • Total Building Area: 640
  • Gross Building Area: 800
  • Building Area: 640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULFVIEW ESTATES
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 9 GULFVIEW ESTATES S/D PB 3-86 ORB 73-352

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950610

Geography

  • Assessors Map Reference: S3-27-18
  • Parcel: 27-3S-18-16030-000-0090
  • Lot: 9
  • Meridian: SEC 27 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.2893
  • Longitude: -86.0417

    Address

  • Full Address: 116 Walton Gulf View Dr
  • Address - House Number: 116
  • Address - Street Name: Walton Gulf View
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Inlet Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 7124
  • Zip Code: 32461

Valuation

    Tax

  • Total Area: 773
  • Tax Year: 2022
  • Tax Amount: $418,454
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2292
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,020,586
  • High Value: 1,254,508
  • Low Value: 786,663

    Market Valuation

  • Market Total Value: $643,608
  • Market Land Value: $524,866
  • Market Improvement Value: $118,742

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $643,608
  • Assessed Land Value: $524,866
  • Assessed Improvements Value: $118,742

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39884
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:

$725,000

Sale Price/ft²

$424

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2292 ft²

Average Home Age

17.1 years

Currently For Sale

2304 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: Adriana R Foster, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 933269
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 Walton Gulfview Drive built and last sold?
The property at 116 Walton Gulfview Drive was built in 1992 and last sold on Nov 3, 2023 for $950,000.
How much is this home worth?
The estimated value of the home located at 116 Walton Gulfview Drive is $0.
What are some comparable homes to 116 Walton Gulfview Drive?
There are currently no comparable homes to 116 Walton Gulfview Drive.
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