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Panama City Beach 32413 Turtle Cove at Lake Powell
122 Turtle Cove
$241,000
● House - Off Market

122 Turtle Cove

Panama City Beach, FL 32413
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,465 Ft²
$418,614
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

The Best of both Worlds. This beautiful home is located just a short drive to the Beach and is on a Lakefront community overlooking Lake Powell. This home is move-in ready and in immaculate condition. Interior features include Granite countertops, hard wood floors, large open living area. Master Bath is luxurious with double vanity, separate shower and garden tub, gas tankless water heater and gas cook stove! All on one level and 2 car Garage. Turtle Cove offers great amenities to include a a 2+ million dollar clubhouse with a swimming pool and hot tub that overlooks Lake Powell, 2 tennis courts, an amphitheater and a fishing pier.
Unit Size
1,465 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2012

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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 #740177)

Price History

Date / Event Date Event Price
Apr 1, 2016 Sold
Premium
Sold
Oct 15, 2015 Listed by Beachy Beach Real Estate $243,000
Listed by Beachy Beach Real Estate
Jun 27, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • 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: 392
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,270
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,819
  • Gross Building Area: 1,819
  • Building Area: 1,427
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,427
  • 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: 0000000121
  • 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 12 ORB 3791 P 152

Neighborhood

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

Geography

  • Subdivision Phase Number: 2
  • Parcel: 36068-175-120
  • Lot: 12
  • Meridian: SEC 04 TWN 03S RNG 17W
  • Municipality: CITY OF PANAMA CITY BEACH
  • Latitude: 30.2639
  • Longitude: -85.9568

    Address

  • Full Address: 122 Turtle Cv
  • Address - House Number: 122
  • 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: 1,663
  • Tax Year: 2023
  • Tax Amount: $209,293
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 530,477
  • High Value: 655,433
  • Low Value: 405,520

    Market Valuation

  • Market Total Value: $345,355
  • Market Land Value: $59,086
  • Market Improvement Value: $286,269

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,224

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 01, 2016
  • Current Sale Recording Date: Apr 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 27, 2012
  • Previous Sale Contract Date: Jun 20, 2012
  • Previous Sale Amount: $195,400
  • Previous Sale Document Type: 20
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

134

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

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ECAR

Listed by: Renata Murphree, Beachy Beach Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 740177
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 122 Turtle Cove built and last sold?
The property at 122 Turtle Cove was built in 2012 and last sold on Apr 1, 2016 for $241,000.
How much is this home worth?
The estimated value of the home located at 122 Turtle Cove is $255,298.
What are some comparable homes to 122 Turtle Cove?
There are currently no comparable homes to 122 Turtle Cove.
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