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Okaloosa 32541 Emerald Bay West
1318 Emerald Bay Drive
$1,200,000
● House - Off Market

1318 Emerald Bay Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
$1,905,322
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Unique architectural estate home located on largest waterfront lot in Emerald Bay. This home has a media room, 2 additional studies & 2 half baths. Private heated pool, sun deck, hot tub, out door kitchen +cabanas, 182 ft dock w/covered sitting area. BONUS 2-bedroom/2 full bath guest apartment separate from main living space. Stainless steel appliances, granite counters + marble floors, gas fireplace + custom aquarium.

Property being sold 'As IS''
Unit Size
-
Days on Market
194 days
Land Size
1.43 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,271
HOA Dues
$290
Year Built
1997

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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: 9 months ago (ECAR #816694)

Price History

Date / Event Date Event Price
Sep 13, 2019 Sold
Premium
Sold
Feb 18, 2019 Listed by Keller Williams Realty Destin $1,300,000
Listed by Keller Williams Realty Destin
Apr 26, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 625
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 62,305
  • Lot Size Frontage Feet: 1,590
  • Total Building Area: 7,366
  • Gross Building Area: 7,366
  • Building Area: 4,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,908
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD BAY WEST
  • Land Acres: 0000001430
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD BAY WEST LOT 5

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-018B-0000-0050
  • Lot: 5
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3997
  • Longitude: -86.4051

    Address

  • Full Address: 1318 Emerald Bay Dr
  • Address - House Number: 1318
  • Address - Street Name: Emerald Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 3782
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 5,693
  • Tax Year: 2023
  • Tax Amount: $2,013,375
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 1,997,651
  • High Value: 2,488,666
  • Low Value: 1,506,637

    Market Valuation

  • Market Total Value: $2,117,405
  • Market Land Value: $809,610
  • Market Improvement Value: $1,307,795

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,117,405
  • Assessed Land Value: $809,610
  • Assessed Improvements Value: $1,307,795

    Sales

  • Current Sale Contract Date: Sep 10, 2019
  • Current Sale Recording Date: Sep 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3304747
  • Previous Sale Recording Date: Apr 26, 2018
  • Previous Sale Contract Date: Apr 12, 2018
  • Previous Sale Amount: $504,000
  • 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 Emerald Bay West

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

2759 ft²

Average Home Age

30 years

Currently For Sale

1 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: Laurie Hollowell Team, Keller Williams Realty Destin
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 816694
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 1318 Emerald Bay Drive built and last sold?
The property at 1318 Emerald Bay Drive was built in 1997 and last sold on Sep 10, 2019 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 1318 Emerald Bay Drive is $0.
What are some comparable homes to 1318 Emerald Bay Drive?
There are currently no comparable homes to 1318 Emerald Bay Drive.
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