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Niceville 32578
1403 Bayshore Drive
$600,000
● House - Off Market

1403 Bayshore Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
$3,192
Est. Monthly
Unit Size
-
Days on Market
5 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975

Payment Calculator

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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: 9 months ago (ECAR #993570)

Price History

Date / Event Date Event Price
Jan 28, 2026 Sold
Premium
Sold
Jan 23, 2026 Listed by EXP Realty LLC $649,900
Listed by EXP Realty LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,239
  • Lot Size Frontage Feet: 870
  • Total Building Area: 4,188
  • Gross Building Area: 4,188
  • Building Area: 2,336
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,336
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000281
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEG NW COR SEC 17 S 1582 FT W 634.55 FT TO ST RD S 25.16 FT TO CURVE

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021102

Geography

  • Assessors Map Reference: 29
  • Section: 17
  • Parcel: 18-1S-22-0000-0029-0000
  • Block: 29
  • Lot: 2
  • Meridian: SEC 18 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.5006
  • Longitude: -86.4809

    Address

  • Full Address: 1403 Bayshore Dr
  • Address - House Number: 1403
  • Address - Street Name: Bayshore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: C004
  • 4-Digit Zip Code: 3401
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,187
  • Tax Year: 2023
  • Tax Amount: $292,401
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 678,205
  • High Value: 799,096
  • Low Value: 557,313

    Market Valuation

  • Market Total Value: $649,011
  • Market Land Value: $357,388
  • Market Improvement Value: $291,623

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,894

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes
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 Niceville

Stats & Trends

Median Asking:

$420,000

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2033 ft²

Average Home Age

27.2 years

Currently For Sale

63 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: Hiller Group, EXP Realty LLC
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 993570
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 1403 Bayshore Drive built and last sold?
The property at 1403 Bayshore Drive was built in 1975 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1403 Bayshore Drive is $656,399.
What are some comparable homes to 1403 Bayshore Drive?
There are currently no comparable homes to 1403 Bayshore Drive.
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