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Niceville 32578 Bayshore Place
181 Red Maple Way
$551,000
● House - Off Market

181 Red Maple Way

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
$683,912
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Brick contemporary Four Bedroom home located in highly desirable Bayshore Place Neighborhood. Enter covered front porch flanked by columns.  Relax in heated/cooled Florida Room (2 skylights) overlooking Gas heated swimming pool, stunning water feature, and screened lanai. Or sit by cozy gas fireplace in Living Room. Plentiful Natural light, neutral wall colors.  open concept floorplan, 10' ceilings and beautiful hardwood flooring in main living areas all add to home's appeal.   Kitchen boasts newer black stainless steel appliances, center island, solid surface counters, breakfast nook and bar. Formal open dining room just off foyer leads to kitchen. Generous Master Bedroom has large en-suite bath as well as an entrance to the Florida Room. Split bedroom floorplan adds to privacy of home.
Unit Size
-
Days on Market
29 days
Land Size
0.30 acres
Price per sqft
-
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
2003

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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 #864136)

Price History

Date / Event Date Event Price
Mar 9, 2021 Sold
Premium
Sold
Feb 7, 2021 Listed by Keller Williams Realty Destin $550,000
Listed by Keller Williams Realty Destin
Oct 4, 2012 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 639
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,052
  • Total Building Area: 3,525
  • Gross Building Area: 3,525
  • Building Area: 2,798
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,798
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYSHORE PLACE
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BAYSHORE PLACE PH IV LOT 59

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021102

Geography

  • Assessors Map Reference: 30
  • Subdivision Phase Number: 4
  • Parcel: 16-1S-22-1003-0000-0590
  • Lot: 59
  • Meridian: SEC 16 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.4906
  • Longitude: -86.4593

    Address

  • Full Address: 181 Red Maple Way
  • Address - House Number: 181
  • Address - Street Name: Red Maple
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Niceville
  • Carrier Code: C003
  • 4-Digit Zip Code: 3746
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,175
  • Tax Year: 2023
  • Tax Amount: $663,826
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 725,405
  • High Value: 866,303
  • Low Value: 584,508

    Market Valuation

  • Market Total Value: $571,540
  • Market Land Value: $87,720
  • Market Improvement Value: $483,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $537,678

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 08, 2021
  • Current Sale Recording Date: Mar 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3436060
  • Previous Sale Recording Date: Oct 04, 2012
  • Previous Sale Contract Date: Aug 10, 2012
  • Previous Sale Amount: $392,000
  • 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 Bayshore Place

Stats & Trends

Median Asking:

$719,900

Sale Price/ft²

$261

Above Asking

0.00%

Average Days on Market

50

Average Home Size

3255 ft²

Average Home Age

21 years

Currently For Sale

2 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: Sharon L Gross, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 864136
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 181 Red Maple Way built and last sold?
The property at 181 Red Maple Way was built in 2003 and last sold on Mar 8, 2021 for $551,000.
How much is this home worth?
The estimated value of the home located at 181 Red Maple Way is $0.
What are some comparable homes to 181 Red Maple Way?
There are currently no comparable homes to 181 Red Maple Way.
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