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Okaloosa 32541 Emerald Lakes
216 Wekiva Cove
$392,000
● House - Off Market

216 Wekiva Cove

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,106 Ft²
$696,044
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

What a beautiful 4 bedroom, 2.5 bath REO home on a lake in Emerald Lakes! This home features raised treyed ceilings, crown molding, an open floor plan, fresh paint, new carpet, travertine floors, new stainless appliances, built-in bookshelves and a wonderful view of the lake. The location is convenient to all the Resort has to offer! This is a Fannie Mae Homepath Property.
Unit Size
3,106 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$129
Property Type
House
Property Taxes
$312
HOA Dues
$226
Year Built
1999

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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 #742198)

Price History

Date / Event Date Event Price
Mar 14, 2016 Sold
Premium
Sold
Nov 23, 2015 Listed by Keller Williams Realty Destin $399,900
Listed by Keller Williams Realty Destin
Aug 5, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 580
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,644
  • Total Building Area: 4,208
  • Gross Building Area: 4,208
  • Building Area: 3,106
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,106
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH I LOT 11 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 1
  • Parcel: 00-2S-22-0979-000A-0110
  • Block: A
  • Lot: 11
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3881
  • Longitude: -86.4008

    Address

  • Full Address: 216 Wekiva Cv
  • Address - House Number: 216
  • Address - Street Name: Wekiva
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 4763
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,560
  • Tax Year: 2023
  • Tax Amount: $628,215
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 821,715
  • High Value: 960,962
  • Low Value: 682,468

    Market Valuation

  • Market Total Value: $689,408
  • Market Land Value: $98,824
  • Market Improvement Value: $590,584

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $689,408
  • Assessed Land Value: $98,824
  • Assessed Improvements Value: $590,584

    Sales

  • Current Sale Contract Date: Mar 11, 2016
  • Current Sale Recording Date: Mar 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3053909
  • Previous Sale Recording Date: Aug 05, 2015
  • Previous Sale Contract Date: Aug 04, 2015
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 69
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 Emerald Lakes

Stats & Trends

Median Asking:

$729,559

Sale Price/ft²

$315

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2505 ft²

Average Home Age

24.4 years

Currently For Sale

5 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: The Kelly Group Team, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 742198
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 216 Wekiva Cove built and last sold?
The property at 216 Wekiva Cove was built in 1999 and last sold on Mar 11, 2016 for $392,000.
How much is this home worth?
The estimated value of the home located at 216 Wekiva Cove is $423,502.
What are some comparable homes to 216 Wekiva Cove?
There are currently no comparable homes to 216 Wekiva Cove.
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