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Navarre Beach 32566 Pensacola Beach
1431 Bahia Drive
$592,000
● House - Off Market

1431 Bahia Drive

Navarre, FL 32566
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,079 Ft²
$613,851
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Professional photos coming! Are you looking for an investment property on Navarre? This could be the one! With some TLC and your personal touches this could be a fantastic money maker with Short Term Rentals! Three bedrooms, 2 1/2 Bathrooms. Large living room. Plenty of kitchen cabinets in the generous sized kitchen. The dining room opens on to one of the back decks. NO HOA! No HOA Dues or Assessments! Beautiful views of the sound and Navarre Bridge from the deck on the front of the townhouse. Two levels of deck on the back of the house. Plenty of storage under the townhouse. Garage doors enclose the ground floor but it could be an amazing additional living space. There is also more enclosed storage space. AS IS. This is a great opportunity to live, or invest, on Navarre Beach!
Unit Size
2,079 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$289
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1976

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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 #892253)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
Feb 26, 2022 Listed by Keller Williams Realty Navarre $600,000
Listed by Keller Williams Realty Navarre

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 35
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 414
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,225
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 350
  • Total Building Area: 3,801
  • Gross Building Area: 3,801
  • Building Area: 2,067
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,067
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAHIA BADAR
  • Land Acres: 0000000097
  • Standard Land Use Code: 1002
  • County Land Use Code: 000109
  • State Land Use Code: 001
  • Legal Description 1: BAHIA BADAR LOT 17 AS DES IN OR 4310 PG 1458

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010825

Zoning

  • Zoning: NB-MD

Geography

  • Parcel: 28-2S-26-9020-00000-0170
  • Lot: 17
  • Meridian: SEC 28 TWN 2S RNG 26W
  • Municipality: NAVARRE BEACH
  • Latitude: 30.3822
  • Longitude: -86.8689

    Address

  • Full Address: 1431 Bahia Dr
  • Address - House Number: 1431
  • Address - Street Name: Bahia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Navarre
  • Carrier Code: R033
  • 4-Digit Zip Code: 7229
  • Zip Code: 32566

Valuation

    Tax

  • Total Area: 2,521
  • Tax Year: 2023
  • Tax Amount: $651,354
  • Tax Rate Code Area: 0010

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 621,486
  • High Value: 728,172
  • Low Value: 514,801

    Market Valuation

  • Market Total Value: $519,991
  • Market Land Value: $192,500
  • Market Improvement Value: $327,491

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $519,991
  • Assessed Land Value: $192,500
  • Assessed Improvements Value: $327,491

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 46
  • Current Sale Input Document Number: 44605
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 Pensacola Beach

Stats & Trends

Median Asking:

$765,450

Sale Price/ft²

$521

Below Asking

0.03%

Average Days on Market

101

Average Home Size

1889 ft²

Average Home Age

25.4 years

Currently For Sale

89 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: Kimberly A Bell, Keller Williams Realty Navarre
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 892253
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 1431 Bahia Drive built and last sold?
The property at 1431 Bahia Drive was built in 1976 and last sold on Jul 29, 2022 for $592,000.
How much is this home worth?
The estimated value of the home located at 1431 Bahia Drive is $0.
What are some comparable homes to 1431 Bahia Drive?
There are currently no comparable homes to 1431 Bahia Drive.
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