When was property at 159 Lakeland Drive built and last sold?

The property at 159 Lakeland Drive was built in 2015 and last sold on Oct 8, 2014 for $55,000.

How much is this home worth?

The estimated value of the home located at 159 Lakeland Drive is $0.

What are some comparable homes to 159 Lakeland Drive?

There are currently no comparable homes to 159 Lakeland Drive.

Miramar Beach

32550

159 Lakeland Drive

$800,000

● House - Off Market

159 Lakeland Drive

Miramar Beach, FL 32550

4 Beds

2 Baths, 1 Half Bath

$5,261

Est. Monthly

$450

HOA / Fees

1.87%

Cap Rate

About This Property

MOTIVATED SELLER!!!

Welcome to this breathtaking two story home, ideally situated in the exclusive, gated community, of Frangista Beach. This one owner home has NEVER BEEN RENTED!

At 2,340 square feet, the home offers four bedrooms, two and a half baths combining ample space with coastal elegance.

Step into an inviting layout with seamless flow from the living areas, including an indoor bar area with wine fridge. The primary bedroom on the main floor offers privacy and ease, while additional bedrooms on upper levels provide comfort for family or visitors. There is a wonderful outdoor space perfect for relaxation or entertaining guests.

This ideal location is just a half-mile from the sugar-white sands of the Emerald Coast, granting you easy access to beach activities, dining, and shopping. Call today for your private showing!

***Fully furnished with exclusions. (See documents)

All information is deemed reliable; however, interested parties should verify all important data and details independently***

Unit Size

Days on Market

258 days

Land Size

0.26 acres

Price per sqft

Property Type

House

Property Taxes

$269

HOA Dues

$450

Year Built

2015

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (ECAR #961557)

Price History

Date / Event	Date	Event
Jul 7, 2025	Sold	Premium
Sold
Jun 25, 2025	In contract	-
In contract
May 13, 2025	Price Decreased	$925,000 ↓ $25K (2.6%)
Price Decreased
Feb 28, 2025	Price Decreased	$950,000 ↓ $25K (2.6%)
Price Decreased
Oct 22, 2024	Listed by The Premier Property Group	$975,000
Listed by The Premier Property Group
Oct 9, 2014	Sold	Premium
Sold
Sep 8, 2014	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 2015

Effective Year Built: 2015
Building Count: 1
Bedroom Count: 4
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 12
Building Condition: 0
Building Quality: 9
Construction Type: 0
Building Style: 0
Exterior Walls Type: 6
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 14
Floor Count: 200
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 126
Pool Type: 0

Dimensions

Lot Size Square Feet: 11,572

Lot Size Depth Feet: 1,020
Lot Size Frontage Feet: 500
Total Building Area: 2,340
Gross Building Area: 2,340
Building Area: 2,340
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,340
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: FRANGISTA BEACH 3RD ADDITION
Land Acres: 0000000266
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: LOT 2 BLK A FRANGISTA BEACH 3RD ADDITION PB 17-71 OR 2729-1239 OR 2959-344 OR 2961-3972

Neighborhood

School District Name: Walton County School District

Census Tract: 950609

Geography

Assessors Map Reference: S2-29-21

Parcel: 29-2S-21-42060-00A-0020
Block: A
Lot: 2
Meridian: SEC 29 TWN 02S RNG 021
Municipality: SOUTH WALTON FIRE
Latitude: 30.3834
Longitude: -86.3748

Address

Full Address: 159 Lakeland Dr

Address - House Number: 159
Address - Street Name: Lakeland
Address - Suffix Type: Dr
State: FL
City Name: Miramar Beach
Carrier Code: C015
4-Digit Zip Code: 4633
Zip Code: 32550

Valuation

Tax

Total Area: 2,506

Tax Year: 2022
Tax Amount: $318,230
Tax Rate Code Area: 007

Appraisal Valuation

Standard Deviation: 0.2578

Valuation Date: Jan 10, 2024
Confidence Score: 63
Final Value: 1,032,578
High Value: 1,298,801
Low Value: 766,355

Market Valuation

Market Total Value: $717,124

Market Land Value: $156,462
Market Improvement Value: $560,662

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $381,558

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Oct 08, 2014

Current Sale Recording Date: Oct 09, 2014
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2014661298325
Previous Sale Recording Date: Sep 08, 2014
Previous Sale Contract Date: Jul 01, 2014
Previous Sale Amount: $85,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$498

Below Asking

0.03%

Average Days on Market

Average Home Size

1710 ft²

Average Home Age

26.6 years

Currently For Sale

985 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

Click here to view more rentals in the neighborhood.

Listed by: Elizabeth Boswell, The Premier Property Group
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 961557

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.

159 Lakeland Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Miramar Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions