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Miramar Beach 32550
1302 Laurel Way
$588,000
● House - Off Market

1302 Laurel Way

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,379 Ft²
$1,062,567
RealtyHop Estimate
77.24%
Since Feb 1, 2016
National-US
Primary Model

About This Property

2002 PRICING! * A BIG step up from the average Sandestin Cottage. LOOK AT THE PHOTOS. This Rental-Capable home in Sandestin's popular Laurel Grove neighborhood is a rental powerhouse that grossed $62k in 2013 (rented 284 days) and $65k in 2014 (rented 319 days!) . 120' of covered balconies and verandas. Beautifully designed, finished and decorated, this was one of the original 'MODEL HOMES' & is being sold FURNISHED & with GOLF CART. Two SUITES (one of which is on the ground floor), an ATTACHED GARAGE, fireplace, GAS RANGE, GE stainless appliances, maple cabinetry, real hardwood floors, pantry & granite. Every major room opens to a balcony or porch.
Unit Size
2,379 Ft²
Days on Market
-
Land Size
-
Price per sqft
$252
Property Type
House
Property Taxes
$364
HOA Dues
$450
Year Built
2003

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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 #718192)

Price History

Date / Event Date Event Price
Jul 21, 2021 Sold
Premium
Sold
Jun 8, 2021 No longer available -
No longer available
Jun 6, 2021 Price Increased $949,000
↑ $14K (1.5%)
Price Increased
Jun 6, 2021 Relisted $935,000
Relisted
May 26, 2021 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,126
  • Total Building Area: 3,023
  • Gross Building Area: 3,023
  • Building Area: 2,759
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,759
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL GROVE PH 1
  • Land Acres: 0000000072
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1302 LAUREL GROVE PH 1 PB 15-69 OR 2518-64 OR 2624-4431 OR 2891-3262 OR 2999-3108 OR 3052-4303 OR 3208-963

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Subdivision Phase Number: 1
  • Parcel: 26-2S-21-42810-000-1302
  • Block: 13
  • Lot: 1302
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3868
  • Longitude: -86.3146

    Address

  • Full Address: 1302 Laurel Way
  • Address - House Number: 1302
  • Address - Street Name: Laurel
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 7893
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,884
  • Tax Year: 2022
  • Tax Amount: $837,626
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 1,358,216
  • High Value: 1,718,013
  • Low Value: 998,420

    Market Valuation

  • Market Total Value: $903,841
  • Market Land Value: $114,903
  • Market Improvement Value: $788,938

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $903,841
  • Assessed Land Value: $114,903
  • Assessed Improvements Value: $788,938

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210036555
  • Previous Sale Recording Date: Jan 14, 2016
  • Previous Sale Contract Date: Jan 12, 2016
  • Previous Sale Amount: $588,000
  • 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:

$735,000

Sale Price/ft²

$500

Below Asking

0.02%

Average Days on Market

82

Average Home Size

1712 ft²

Average Home Age

26.6 years

Currently For Sale

976 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: Michael W Fletcher, Fletchersales Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 718192
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 1302 Laurel Way built and last sold?
The property at 1302 Laurel Way was built in 2003 and last sold on Jul 19, 2021 for $934,000.
How much is this home worth?
The estimated value of the home located at 1302 Laurel Way is $0.
What are some comparable homes to 1302 Laurel Way?
There are currently no comparable homes to 1302 Laurel Way.
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