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Miramar Beach 32550
148 Bay Tree Drive
$339,000
● House - Off Market

148 Bay Tree Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
$449,344
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

This adorable brick home has been meticulously maintained, is in pristine condition, and has hardwood floors. The living area features a corner fireplace with vaulted ceiling. The living area flows to a quaint dining area and is open to the kitchen which features pristine white cabinetry. There is a split bedroom plan with the master bedroom featuring crown molding, large walk-in closet and bath with double vanity. Off of the kitchen is a spacious laundry room. The two car garage has plenty of storage space. The screened patio off the living area features a Koi pond surrounded by lush mature plants. The patio overlooks the manicured lawn which backs up to a wooded area which promotes serenity and privacy. The front yard has excellent curb appeal.
Unit Size
-
Days on Market
34 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$154
HOA Dues
$72
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 #856424)

Price History

Date / Event Date Event Price
Nov 6, 2020 Sold
Premium
Sold
Oct 2, 2020 Listed by Berkshire Hathaway HomeServices PenFed Realty $339,000
Listed by Berkshire Hathaway HomeServices PenFed Realty
Jul 2, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,029
  • Total Building Area: 2,284
  • Gross Building Area: 2,284
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYSIDE
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 12 BLK B TREETOPS AT BAYSIDE PB 10-23 OR 1593-250 OR 2456-913 OR 2513-259 OR 2631-2811 OR 2766-1780 OR 3005-1799 OR 3168-210

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Geography

  • Assessors Map Reference: S2-28-21
  • Parcel: 28-2S-21-42401-00B-0120
  • Block: B
  • Lot: 12
  • Meridian: SEC 28 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3824
  • Longitude: -86.3504

    Address

  • Full Address: 148 Bay Tree Dr
  • Address - House Number: 148
  • Address - Street Name: Bay Tree
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 7841
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,939
  • Tax Year: 2022
  • Tax Amount: $296,327
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 543,075
  • High Value: 665,222
  • Low Value: 420,927

    Market Valuation

  • Market Total Value: $348,824
  • Market Land Value: $59,646
  • Market Improvement Value: $289,178

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $348,824
  • Assessed Land Value: $59,646
  • Assessed Improvements Value: $289,178

    Sales

  • Current Sale Contract Date: Nov 05, 2020
  • Current Sale Recording Date: Nov 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200045305
  • Previous Sale Recording Date: Jul 02, 2007
  • Previous Sale Contract Date: Jun 29, 2007
  • Previous Sale Amount: $265,000
  • 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:

$737,500

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1706 ft²

Average Home Age

26.5 years

Currently For Sale

980 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: Chris Sause, Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 856424
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 148 Bay Tree Drive built and last sold?
The property at 148 Bay Tree Drive was built in 1997 and last sold on Nov 5, 2020 for $339,000.
How much is this home worth?
The estimated value of the home located at 148 Bay Tree Drive is $0.
What are some comparable homes to 148 Bay Tree Drive?
There are currently no comparable homes to 148 Bay Tree Drive.
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