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Miramar Beach 32550
227 AUDUBON Drive
$360,000
● House - Off Market

227 AUDUBON Drive

Miramar Beach, FL 32550
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,410 Ft²
$689,713
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

This quaint 2 bedroom, 2 bath lakefront cottage in the Fairways of Sandestin Golf & Beach Resort has been completely renovated. Features include antique washed distressed hardwood floors. The kitchen ceiling has been raised and new granite countertops, cabinets and kitchen appliances have been added as well as a center island and crown molding. A 200 square foot walk-in closet has been added to the master. The bathrooms feature stone showers and the porch has been re tiled with new screen, lighting fixtures and fans. A new boardwalk from the back deck to the waterfront dock has been added. You will enjoy incredible lake and bay views from this quaint setting. This property has never been on a rental program. Fairways HOA is $220.00 per month and the S.O.A. is $121.00 per month.
Unit Size
1,410 Ft²
Days on Market
-
Land Size
-
Price per sqft
$262
Property Type
House
Property Taxes
-
HOA Dues
$341
Year Built
1982

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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 #704916)

Price History

Date / Event Date Event Price
May 28, 2014 Sold
Premium
Sold
May 7, 2014 Listed by Crye-Leike Coastal Realty $369,000
Listed by Crye-Leike Coastal Realty
Aug 2, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,380
  • Total Building Area: 1,304
  • Gross Building Area: 1,304
  • Building Area: 1,304
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,304
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAYS OF SANDESTIN PH II
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 227 FAIRWAYS OF SANDESTIN PH II PB 5-68 OR 223-71 OR 875 -244 OR 906-35 OR 1589-23 OR 2889-4940 OR 2927-1290 OR 2928-2686 OR 2950-4058

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-27-21
  • Subdivision Phase Number: 2
  • Parcel: 27-2S-21-42160-000-2270
  • Block: 22
  • Lot: 227
  • Meridian: SEC 27 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3815
  • Longitude: -86.3448

    Address

  • Full Address: 227 Audubon Dr
  • Address - House Number: 227
  • Address - Street Name: Audubon
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 4855
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,177
  • Tax Year: 2022
  • Tax Amount: $197,998
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 778,630
  • High Value: 985,692
  • Low Value: 571,568

    Market Valuation

  • Market Total Value: $449,780
  • Market Land Value: $66,296
  • Market Improvement Value: $383,484

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $271,439

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 27, 2014
  • Current Sale Recording Date: May 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014661282385
  • Previous Sale Recording Date: Aug 02, 2013
  • Previous Sale Contract Date: Jul 25, 2013
  • Previous Sale Amount: $336,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$498

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1710 ft²

Average Home Age

26.6 years

Currently For Sale

985 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: John D Paulsen, Crye-Leike Coastal Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 704916
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 227 Audubon Drive built and last sold?
The property at 227 Audubon Drive was built in 1982 and last sold on May 27, 2014 for $360,000.
How much is this home worth?
The estimated value of the home located at 227 Audubon Drive is $0.
What are some comparable homes to 227 Audubon Drive?
There are currently no comparable homes to 227 Audubon Drive.
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