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Okaloosa 32578
2172 Bayshore Drive
$420,000
● House - Off Market

2172 Bayshore Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
$2,472
Est. Monthly
5.13%
Cap Rate

About This Property

Nicely updated property on over half-acre, flat corner lot in a great Niceville location! This 4 bedroom/2 bath home is move-in ready and waiting for your family to make it your own! Boasting two large living spaces, an updated kitchen with tons of storage and great appliances, nice-sized bedrooms, updated bathrooms, 2017 HVAC with updated ductwork and insulation, 2020 gas water heater and 2010 metal roof, large fully-fenced  backyard with a 20x16 workshop! Come see for yourself how perfectly this one will check everything on your wish list!
Unit Size
-
Days on Market
133 days
Land Size
0.52 acres
Price per sqft
-
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1967

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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 #970836)

Price History

Date / Event Date Event Price
Jul 22, 2025 Sold
Premium
Sold
Apr 16, 2025 In contract -
In contract
Mar 10, 2025 Listed by NextHome Cornerstone Realty $425,000
Listed by NextHome Cornerstone Realty
Jul 22, 2021 Sold
Premium
Sold
May 3, 2021 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,498
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,951
  • Gross Building Area: 2,951
  • Building Area: 2,208
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,208
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALPARAISO P/C
  • Land Acres: 0000000517
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: VALPARAISO P/C 6 LOTS 1, 2 & 3 BLK 76

Neighborhood

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

Geography

  • Assessors Map Reference: 23
  • Parcel: 05-1S-22-256F-0076-0010
  • Block: 76
  • Lot: 1,2,3
  • Meridian: SEC 05 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.4994
  • Longitude: -86.4577

    Address

  • Full Address: 2172 Bayshore Dr
  • Address - House Number: 2172
  • Address - Street Name: Bayshore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R005
  • 4-Digit Zip Code: 3633
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,546
  • Tax Year: 2023
  • Tax Amount: $461,622
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.1666
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 476,143
  • High Value: 555,501
  • Low Value: 396,786

    Market Valuation

  • Market Total Value: $354,270
  • Market Land Value: $112,938
  • Market Improvement Value: $241,332

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $354,270
  • Assessed Land Value: $112,938
  • Assessed Improvements Value: $241,332

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3474032
  • Previous Sale Recording Date: Oct 30, 2017
  • Previous Sale Contract Date: Oct 30, 2017
  • Previous Sale Amount: $200,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$371,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1852 ft²

Average Home Age

28.9 years

Currently For Sale

2370 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: Tracy L Wood, NextHome Cornerstone Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 970836
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 2172 Bayshore Drive built and last sold?
The property at 2172 Bayshore Drive was built in 1967 and last sold on Jul 22, 2021 for $395,000.
How much is this home worth?
The estimated value of the home located at 2172 Bayshore Drive is $0.
What are some comparable homes to 2172 Bayshore Drive?
There are currently no comparable homes to 2172 Bayshore Drive.
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