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Midway 32563 Gulf Breeze
2087 SHADOW LAKE Drive
$158,790
● House - Off Market

2087 SHADOW LAKE Drive

Gulf Breeze, FL 32563
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,345 Ft²
$268,192
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Back on the market. Wonderful and newly updated home located in the Shadow Lakes subdivision. Updates on the home include new: laminate hardwood flooring, stainless steel appliances, and the garage floor is being painted. Home offers three bedrooms, two full bathrooms, and a two-car garage. Exterior of the home includes privacy fencing, an open patio, and a spacious backyard. Buyer to verify room measurements.
Unit Size
1,345 Ft²
Days on Market
-
Land Size
-
Price per sqft
$118
Property Type
House
Property Taxes
$69
HOA Dues
$99
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 #753644)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Aug 30, 2021 No longer available -
No longer available
Aug 27, 2021 Listed by ERA American Real Estate $250,000
Listed by ERA American Real Estate
Aug 30, 2016 Sold
Premium
Sold
Jun 1, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,080
  • Total Building Area: 2,049
  • Gross Building Area: 2,049
  • Building Area: 1,345
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,345
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADOW LAKES I II &
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHADOW LAKES UNIT I LOT 1 BLK B AS DES IN OR 4187 PG 244

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010823

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MAP 173 PG 184C
  • Parcel: 19-2S-27-4938-00B00-0010
  • Block: B
  • Lot: 1
  • Meridian: SEC 19 TWN 2S RNG 27W
  • Municipality: MIDWAY
  • Latitude: 30.4115
  • Longitude: -86.9921

    Address

  • Full Address: 2087 Shadow Lake Dr
  • Address - House Number: 2087
  • Address - Street Name: Shadow Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Gulf Breeze
  • Carrier Code: R028
  • 4-Digit Zip Code: 7603
  • Zip Code: 32563

Valuation

    Tax

  • Total Area: 1,593
  • Tax Year: 2023
  • Tax Amount: $224,079
  • Tax Rate Code Area: 0014

    Appraisal Valuation

  • Standard Deviation: 0.1964
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 305,570
  • High Value: 365,611
  • Low Value: 245,530

    Market Valuation

  • Market Total Value: $225,697
  • Market Land Value: $50,000
  • Market Improvement Value: $175,697

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,833

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202165825
  • Previous Sale Recording Date: Aug 30, 2016
  • Previous Sale Contract Date: Aug 26, 2016
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: 68
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 Gulf Breeze

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$218

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2380 ft²

Average Home Age

13.6 years

Currently For Sale

71 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: Patricia A Williams, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 753644
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 2087 Shadow Lake Drive built and last sold?
The property at 2087 Shadow Lake Drive was built in 2004 and last sold on Sep 30, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 2087 Shadow Lake Drive is $0.
What are some comparable homes to 2087 Shadow Lake Drive?
There are currently no comparable homes to 2087 Shadow Lake Drive.
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