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Miramar Beach 32550
180 NORWOOD Drive
$600,000
● House - Off Market

180 NORWOOD Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,738 Ft²
$1,096,145
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Amazing Gulf views and just steps to the beach - what a price for this location. And ZERO HOA fees! Would be an amazing short term rental machine! Water views from the upstairs which boasts a large wide open floor plan. Plenty of windows let in the natural light. Spacious floor plans has huge kitchen with island, large dining area, built in bar area and 2 extra large living rooms...perfect for the whole family can enjoy the beach. Two car garage offers plenty of storage for all your beach toys. Fenced in back yard opens up right by one of two beach accesses. Quiet neighborhood, close to Scenic 98 bike bath, Silver Sands outlets, plus all the great restaurants and entertainment! Classic beach charm. Buyer to verify all information.
Unit Size
2,738 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$237
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1978

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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 #752716)

Price History

Date / Event Date Event Price
Aug 31, 2016 Sold
Premium
Sold
May 13, 2016 Listed by Keller Williams Realty Destin $649,000
Listed by Keller Williams Realty Destin
Mar 19, 2010 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,198
  • Gross Building Area: 3,658
  • Building Area: 2,738
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,738
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDPIPER BEACH COLONY
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 13 SAND PIPER BEACH COLONY UNREC OR 2044-398 DESC AS COM AT THE NE COR OF SEC 33 N 88 DEG O0FT W ALONG N LINE OF SEC 33 850FT, S 2 DEG 00FT W 890FT, N 88 DEG 00FT W 218FT S 2 DEG 00FT W 110FT TO POB, THENCE S 2 DEG 00 W 75FT, 88 DEG E 109FT TO CE

Neighborhood

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

Geography

  • Assessors Map Reference: S2-33-21
  • Section: 33
  • Parcel: 33-2S-21-42190-000-0130
  • Block: 1
  • Lot: 13
  • Meridian: SEC 33 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3737
  • Longitude: -86.3506

    Address

  • Full Address: 180 Norwood Dr
  • Address - House Number: 180
  • Address - Street Name: Norwood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 4196
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 3,396
  • Tax Year: 2022
  • Tax Amount: $823,868
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 1,612,352
  • High Value: 2,039,470
  • Low Value: 1,185,234

    Market Valuation

  • Market Total Value: $1,192,311
  • Market Land Value: $500,372
  • Market Improvement Value: $691,939

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,192,311
  • Assessed Land Value: $500,372
  • Assessed Improvements Value: $691,939

    Sales

  • Current Sale Contract Date: Aug 26, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016000028380
  • Previous Sale Recording Date: Mar 19, 2010
  • Previous Sale Contract Date: Mar 12, 2010
  • Previous Sale Amount: $29,000
  • 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:

$735,000

Sale Price/ft²

$497

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1710 ft²

Average Home Age

26.5 years

Currently For Sale

1008 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: At The Beach Team, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 752716
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 180 Norwood Drive built and last sold?
The property at 180 Norwood Drive was built in 1978 and last sold on Aug 26, 2016 for $600,000.
How much is this home worth?
The estimated value of the home located at 180 Norwood Drive is $689,576.
What are some comparable homes to 180 Norwood Drive?
There are currently no comparable homes to 180 Norwood Drive.
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