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Miramar Beach 32550
179 Crest Drive
$1,400,000
● House - Off Market

179 Crest Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,946 Ft²
$2,747,675
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

Authentic New Orleans gas lights greet you as you approach the 8 ft double doors at the entrance of this elegant estate. There are bay views from the living and dining rooms, bar, kitchen and eating areas, office, den, rec room and master suite. The custom designer kitchen is beautifully appointed and has top of the line commercial appliances and a huge island for easy entertaining. There are 3 bedrooms and a possible 4th and 4 1/2 baths. The screened lanai features a TV above the fireplace and a built-in grill. Other features of this home are a boat dock, 1/2 bath in the garage, a room above the garage, huge amount of storage space and a generator.

This home was built by Jason Romair.
Unit Size
4,946 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$313
Property Type
House
Property Taxes
$874
HOA Dues
-
Year Built
2004

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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: 2 years ago (ECAR MLS #732864)

Price History

Date / Event Date Event Price
Oct 7, 2015 Sold
Premium
Sold
Jun 26, 2015 Listed by Destin Luxury Real Estate and Rental $1,549,000
Listed by Destin Luxury Real Estate and Rental
Aug 16, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage
With View

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 982
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,096
  • Lot Size Depth Feet: 3,430
  • Lot Size Frontage Feet: 820
  • Total Building Area: 6,567
  • Gross Building Area: 6,567
  • Building Area: 5,585
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,585
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGH PINES
  • Land Acres: 0000000645
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 4 HIGH PINES PB 13-31 OR 1766-116 OR 2269-386 OR 2768-4592 OR 2961-1012 OR 2992-414 OR 3264-4742

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Zoning

  • Zoning: BAYS

Geography

  • Assessors Map Reference: S2-28-21
  • Parcel: 28-2S-21-42520-000-0040
  • Lot: 4
  • Meridian: SEC 28 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3864
  • Longitude: -86.3576

    Address

  • Full Address: 179 Crest Dr
  • Address - House Number: 179
  • Address - Street Name: Crest
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C013
  • 4-Digit Zip Code: 8668
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 5,843
  • Tax Year: 2022
  • Tax Amount: $1,125,531
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 2,731,425
  • High Value: 3,345,540
  • Low Value: 2,117,309

    Market Valuation

  • Market Total Value: $1,659,499
  • Market Land Value: $432,259
  • Market Improvement Value: $1,227,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,252,677

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 05, 2015
  • Current Sale Recording Date: Oct 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015661340963
  • Previous Sale Recording Date: Aug 16, 2000
  • Previous Sale Contract Date: Aug 12, 2000
  • Previous Sale Amount: $221,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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:

$719,450

Sale Price/ft²

$493

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1721 ft²

Average Home Age

26.3 years

Currently For Sale

691 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: Ann Nunn, Destin Luxury Real Estate and Rental
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 732864
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 179 Crest Drive built and last sold?
The property at 179 Crest Drive was built in 2004 and last sold on Oct 5, 2015 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 179 Crest Drive is $0.
What are some comparable homes to 179 Crest Drive?
There are currently no comparable homes to 179 Crest Drive.
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