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Walton 32459
204 Cocobolo Drive
$560,000
● House - Off Market

204 Cocobolo Drive

Santa Rosa Beach, FL 32459
bedrooms
3 Beds
bathrooms
2 Baths
$2,964
Est. Monthly
$268
HOA / Fees
3.71%
Cap Rate

About This Property

|  |  **ACCEPTING BACK-UP OFFERS***   |  |  ASSUMABLE 2.25% balance of $260K @ $1,225 / month P&I*  FREE SOLAR system - Average Electric bill of just $37.00!  Nearly 2,000 SF home on .36 acre corner lot with natural forest views and easy access to pool and common areas.  Charming upgrades include Extended 61' Driveway, Paver Patio, Solar Panels (paid), Custom Cabinets throughout with fine Quartz, and Designer Lighting.  An oversized Quartz island and high-end appliances anchor the kitchen; a perfect place to gather while cooking or entertaining guests and family.  Office or Den (bonus room) with abundant natural light is located off the foyer.  Backyard features covered patio lounge and paver patio with lush landscaping and room for a pool.  Flood insurance NOT required!
Unit Size
-
Days on Market
52 days
Land Size
0.36 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$268
Year Built
2014

Payment Calculator

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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 #983224)

Price History

Date / Event Date Event Price
Oct 6, 2025 Sold
Premium
Sold
Aug 27, 2025 In contract -
In contract
Aug 20, 2025 Price Decreased $549,000
↓ $10K (1.8%)
Price Decreased
Aug 15, 2025 Listed by Keller Williams Realty SRB $559,000
Listed by Keller Williams Realty SRB
Aug 21, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,115
  • Total Building Area: 2,422
  • Gross Building Area: 2,422
  • Building Area: 1,981
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,981
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRIFTWOOD ESTATES PH IIC
  • Land Acres: 0000000347
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 219 DRIFTWOOD ESTATES PH IIC S/D PB 17-47 OR 2711-1676 OR 2892-3936 OR 2957-3817

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Geography

  • Assessors Map Reference: S2-13-21
  • Subdivision Phase Number: 2C
  • Parcel: 13-2S-21-42020-000-0219
  • Block: 2
  • Lot: 219
  • Meridian: SEC 13 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.4127
  • Longitude: -86.3122

    Address

  • Full Address: 204 Cocobolo Dr
  • Address - House Number: 204
  • Address - Street Name: Cocobolo
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H031
  • 4-Digit Zip Code: 8052
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,284
  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 599,837
  • High Value: 754,489
  • Low Value: 445,185

    Market Valuation

  • Market Total Value: $405,890
  • Market Land Value: $54,644
  • Market Improvement Value: $351,246

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $270,869

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 14, 2014
  • Current Sale Recording Date: Aug 21, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014661292619
  • Previous Sale Recording Date: Jun 13, 2012
  • Previous Sale Contract Date: May 31, 2012
  • Previous Sale Amount: $2,690,000
  • 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 Walton

Stats & Trends

Median Asking:

$720,000

Sale Price/ft²

$421

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2299 ft²

Average Home Age

16.9 years

Currently For Sale

2305 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: Evan H Dickson, Keller Williams Realty SRB
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 983224
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 204 Cocobolo Drive built and last sold?
The property at 204 Cocobolo Drive was built in 2014 and last sold on Aug 14, 2014 for $287,715.
How much is this home worth?
The estimated value of the home located at 204 Cocobolo Drive is $554,490.
What are some comparable homes to 204 Cocobolo Drive?
There are currently no comparable homes to 204 Cocobolo Drive.
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