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Miramar Beach 32550
1289 Laurel Way
$1,050,000
● House - Off Market

1289 Laurel Way

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,163 Ft²
$6,318
Est. Monthly
$400
HOA / Fees
1.40%
Cap Rate

About This Property

NEW PRICE ... This RARE 4 Bedroom Cottage at Laurel Grove at Sandestin Golf & Beach Resort has been TOTALLY RENOVATED  and sits in a Private Cul De Sac on the Raven Golf Course. This Cottage features two Main Bedrooms (one on 1st Floor & one on 2nd Floor) and two Large Porches. Built by Huff Homes, the home boasts hardwood floors thru out. Kitchen has Quartz Countertop, backsplash and Stainless Steel Appliances. The 1st Floor has an Open Floor Plan with the Kitchen opening up to the Dining Area and Living Room. Living Room opens up to a Very Private Backyard and Porch. 2nd Floor has 3 Bedrooms each with Enormous closets. Laurel Grove is a charming, rental-capable, cottage neighborhood community. SOLD FURNISHED with 2 GOLF CARTS. Great 2nd Home or a Rental Investment Property.
Unit Size
2,163 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$509
Property Type
House
Property Taxes
$517
HOA Dues
$400
Year Built
2006

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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 #935450)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Dec 9, 2024 In contract -
In contract
Oct 27, 2023 Listed by Kohls Group LLC $1,099,999
Listed by Kohls Group LLC
May 30, 2023 Sold
Premium
Sold
Mar 12, 2007 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,211
  • Total Building Area: 2,163
  • Gross Building Area: 2,163
  • Building Area: 2,163
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,163
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL GROVE PHASE V S/D
  • Land Acres: 0000000051
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1289 LAUREL GROVE PHASE V PB 17-52 OR 2723-4341 OR 2753-3550

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Subdivision Phase Number: 5
  • Parcel: 26-2S-21-42812-000-1289
  • Block: 12
  • Lot: 1289
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3864
  • Longitude: -86.3168

    Address

  • Full Address: 1289 Laurel Way
  • Address - House Number: 1289
  • Address - Street Name: Laurel
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 1878
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,300
  • Tax Year: 2022
  • Tax Amount: $619,937
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 92
  • Final Value: 1,236,321
  • High Value: 1,346,107
  • Low Value: 1,126,534

    Market Valuation

  • Market Total Value: $793,995
  • Market Land Value: $114,903
  • Market Improvement Value: $679,092

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $793,995
  • Assessed Land Value: $114,903
  • Assessed Improvements Value: $679,092

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18922
  • Previous Sale Recording Date: Mar 12, 2007
  • Previous Sale Contract Date: Mar 06, 2007
  • Previous Sale Amount: $700,000
  • 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:

$732,450

Sale Price/ft²

$498

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1712 ft²

Average Home Age

26.6 years

Currently For Sale

988 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: Greg Kohls, Kohls Group LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 935450
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 1289 Laurel Way built and last sold?
The property at 1289 Laurel Way was built in 2006 and last sold on May 22, 2023 for $950,000.
How much is this home worth?
The estimated value of the home located at 1289 Laurel Way is $0.
What are some comparable homes to 1289 Laurel Way?
There are currently no comparable homes to 1289 Laurel Way.
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