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Okaloosa 32541 Diamond Lakes
227 Diamond Cove
$297,000
● House - Off Market

227 Diamond Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
$461,473
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

This house has all of the things that are commonly desired but are rarely found in one package. This 3 bedroom and 2 bath has a double garage, Florida room with a lake view, community pool and is ALL ONE LEVEL! A gas fireplace makes for a great home setting year around. Spacious closets and a contemporary design makes this property a ''Must See''. Call the office for showing instructions as this property will not be around long.
Unit Size
-
Days on Market
116 days
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
2005

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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: 6 months ago (ECAR #794412)

Price History

Date / Event Date Event Price
Jul 17, 2023 Sold
Premium
Sold
May 25, 2023 Listed by Platinum Realty LLC $489,900
Listed by Platinum Realty LLC
Mar 8, 2021 Sold
Premium
Sold
Jul 17, 2018 Sold
Premium
Sold
Mar 21, 2018 Listed by Platinum Realty LLC $305,000
Listed by Platinum Realty LLC

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 435
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,827
  • Total Building Area: 2,589
  • Gross Building Area: 2,589
  • Building Area: 1,825
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,825
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIAMOND LAKES
  • Land Acres: 0000000065
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: DIAMOND LAKES LOT D5

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023304

Geography

  • Assessors Map Reference: MAP 7
  • Parcel: 00-2S-22-1008-0000-0D50
  • Lot: D5
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3924
  • Longitude: -86.4526

    Address

  • Full Address: 227 Diamond Cv
  • Address - House Number: 227
  • Address - Street Name: Diamond
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C025
  • 4-Digit Zip Code: 5123
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,213
  • Tax Year: 2023
  • Tax Amount: $325,655
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 498,862
  • High Value: 596,492
  • Low Value: 401,233

    Market Valuation

  • Market Total Value: $384,540
  • Market Land Value: $55,000
  • Market Improvement Value: $329,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $343,468

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3635741
  • Previous Sale Recording Date: Mar 08, 2021
  • Previous Sale Contract Date: Feb 25, 2021
  • Previous Sale Amount: $352,000
  • 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 Diamond Lakes

Stats & Trends

Median Asking:

$444,900

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1756 ft²

Average Home Age

21 years

Currently For Sale

1 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

Rentals Near You

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ECAR

Listed by: Andrew J Lundstrom, Platinum Realty LLC
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 794412
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 Diamond Cove built and last sold?
The property at 227 Diamond Cove was built in 2005 and last sold on Jul 14, 2023 for $470,000.
How much is this home worth?
The estimated value of the home located at 227 Diamond Cove is $0.
What are some comparable homes to 227 Diamond Cove?
There are currently no comparable homes to 227 Diamond Cove.
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