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Okaloosa 32569 Shangrila
205 Green Drive
$438,000
● House - Off Market

205 Green Drive

Mary Esther, FL 32569
bedrooms
3 Beds
bathrooms
2 Baths
$2,185
Est. Monthly
5.25%
Cap Rate

About This Property

NEW CONSTRUCTION by Local Custom Home Builder.  SELLER WILL CONTRIBUTE UP TO $13K TOWARDS BUYER'S CC OR RATE BUYDOWN! BEAUTIFUL BRAND NEW All brick home 3BR, 2BA Under construction and ready for move-in! You don't want to miss seeing this lovely home.  Close to military bases, beaches and shopping.  Quality Construction with lovely features throughout including as Open concept floor plan with 10' heights in the main living area, 9' ceilings in remaining rooms & Trayed ceiling in living room.  Other features include Luxury ''Life Proof'' vinyl plank flooring throughout entire home, large bedrooms and beautiful upgraded LIGHTING.  Kitchen and bath have ALL WOOD cabinetry with soft close doors. 9' center island with pendant lighting and Quartz countertops with tile backsplash.
Unit Size
-
Days on Market
1 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
1966

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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 #941218)

Price History

Date / Event Date Event Price
Feb 5, 2024 Sold
Premium
Sold
Jul 19, 2023 Listed by ERA American Real Estate $435,000
Listed by ERA American Real Estate
Jan 10, 2023 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 13
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 10
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 21
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,839
  • Lot Size Frontage Feet: 600
  • Total Building Area: 884
  • Gross Building Area: 884
  • Building Area: 788
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 12
  • Heating: 19
  • Heated Square Feet: 788
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHANGRILA S/D
  • Land Acres: 0000000157
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: SHANGRILA S/D LOT 5 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023100

Geography

  • Assessors Map Reference: 49
  • Parcel: 16-2S-25-2250-000A-0050
  • Block: A
  • Lot: 5
  • Meridian: SEC 16 TWN 02S RNG 25W
  • Municipality: FLOROSA FIRE (SW)
  • Latitude: 30.4149
  • Longitude: -86.7651

    Address

  • Full Address: 205 Green Dr
  • Address - House Number: 205
  • Address - Street Name: Green
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Mary Esther
  • Carrier Code: R005
  • 4-Digit Zip Code: 2307
  • Zip Code: 32569

Valuation

    Tax

  • Total Area: 836
  • Tax Year: 2023
  • Tax Amount: $64,813
  • Tax Rate Code Area: 021

    Appraisal Valuation

  • Standard Deviation: 0.1669
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 215,418
  • High Value: 251,384
  • Low Value: 179,453

    Market Valuation

  • Market Total Value: $52,994
  • Market Land Value: $45,234
  • Market Improvement Value: $7,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,994
  • Assessed Land Value: $45,234
  • Assessed Improvements Value: $7,760

    Sales

  • Current Sale Contract Date: Feb 02, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3669292
  • Previous Sale Recording Date: Jan 10, 2023
  • Previous Sale Contract Date: Jan 05, 2023
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Shangrila

Stats & Trends

Median Asking:

$313,750

Sale Price/ft²

$204

Above Asking

0.00%

Average Days on Market

31

Average Home Size

1524 ft²

Average Home Age

23.5 years

Currently For Sale

0 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: Anne B Conley, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 941218
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 205 Green Drive built and last sold?
The property at 205 Green Drive was built in 1966 and last sold on Feb 2, 2024 for $438,000.
How much is this home worth?
The estimated value of the home located at 205 Green Drive is $0.
What are some comparable homes to 205 Green Drive?
There are currently no comparable homes to 205 Green Drive.
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