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Miramar Beach 32550
1242 Deerwood Drive
$750,000
● House - Off Market

1242 Deerwood Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths
$876,334
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

This wonderful  one level home, with a two car garage is located in a rental restricted neighborhood.  It has a large backyard and  a wonderful POOL for outdoor fun and entertaining.  It is being sold totally FURNISHED and conveys with a 4 seater GOLF CART. A combined living and dining area, with a gas fireplace and sound system make a great place for family and friends to gather.  A large master bedroom, which opens to the pool, has two walk-in closets and the adjoining bath has double vanities, granite countertops, a separate shower and garden tub.  You will find granite countertops in the kitchen with all stainless steel appliances.  A new roof was added in 2014.  This home located in a great neighborhood is move in ready for a permanent or vacation home.
Unit Size
-
Days on Market
52 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1989

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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: 8 months ago (ECAR #881728)

Price History

Date / Event Date Event Price
Nov 9, 2021 Sold
Premium
Sold
Sep 13, 2021 Listed by Paradise Property Brokers Inc $785,900
Listed by Paradise Property Brokers Inc
May 29, 2012 Sold
Premium
Sold
Sep 1, 2011 Listed by Paradise Property Brokers Inc $399,000
Listed by Paradise Property Brokers Inc
Jan 31, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,154
  • Total Building Area: 2,312
  • Gross Building Area: 2,312
  • Building Area: 1,850
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,850
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INT IN COMMON ELEMENTS
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1242 DEERWOOD DRIVE PHASE I & INT IN COMMON ELEMENTS PB 8-17 OR 537-101 OR 1292-3 OR 2155-107 OR 2751-350 OR 2891-1890 OR 3224-2820

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-25-21
  • Subdivision Phase Number: 1
  • Parcel: 25-2S-21-42500-000-1242
  • Block: 12
  • Lot: 1242
  • Meridian: SEC 25 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.385
  • Longitude: -86.3126

    Address

  • Full Address: 1242 Deerwood Dr
  • Address - House Number: 1242
  • Address - Street Name: Deerwood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 7845
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,113
  • Tax Year: 2022
  • Tax Amount: $578,839
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 952,471
  • High Value: 1,198,040
  • Low Value: 706,902

    Market Valuation

  • Market Total Value: $624,597
  • Market Land Value: $129,517
  • Market Improvement Value: $495,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $624,597
  • Assessed Land Value: $129,517
  • Assessed Improvements Value: $495,080

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210055826
  • Previous Sale Recording Date: May 29, 2012
  • Previous Sale Contract Date: May 24, 2012
  • Previous Sale Amount: $360,000
  • 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:

$725,000

Sale Price/ft²

$487

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1730 ft²

Average Home Age

26.3 years

Currently For Sale

664 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: Deborah M Speigner, Paradise Property Brokers Inc
Last Updated: 8 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 881728
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 1242 Deerwood Drive built and last sold?
The property at 1242 Deerwood Drive was built in 1989 and last sold on Nov 5, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 1242 Deerwood Drive is $765,171.
What are some comparable homes to 1242 Deerwood Drive?
There are currently no comparable homes to 1242 Deerwood Drive.
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