$395,000
●
Condo -
Off Market
227 Sandpiper Bay #UNIT4E
Miramar Beach, FL 32550
2 Beds
2 Baths
$415,925
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model
About This Property
Lovely 2 bedroom, 2 bath ground floor condo located in Seascape
Resort! This property is being offered fully furnished and
turn key. Owner recently updated the floors with highly
durable vinyl planks. Enjoy serene views overlooking the
Seascape golf course and direct access to the beautiful beaches of
South Walton! Buyers will appreciate the great location and
convenient access to many shops, restaurants and more! Priced
to sell! Contact us today for more information.
Unit Size
-
Days on Market
56 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$155
HOA Dues
$1,825
Year Built
-
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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: 9 months ago (ECAR #887408)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2022 | Sold | ||
| Sold | |||
| Dec 14, 2021 | Listed by Lambert Realty and Development | $395,000 | |
| Listed by Lambert Realty and Development | |||
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 2
Appliances: Cooktop, Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Water Heater - Elect
Flooring Type: Floor Laminate, Floor Tile
Rooms: 4
Exterior Details
Has Property Attached
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 1981
Building Area Total: 1135
Construction Materials: Frame, Siding Wood
Patio and Porch Features: Patio Covered
Pool Features: Pool Type
Pool is Private
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $1,865
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Sewer, Cable TV, Trash, Ground Keeping, Management, Telephone
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $1,825
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/25/2022
|
2 Bed
|
2 Bath
|
-
|
$409,500
2 Bed
2 Bath
|
$390,000
-4.76%
08/31/2023
|
Nathan T Lambert
Lambert Realty and Development
| |
|
12/14/2021
|
2 Bed
|
2 Bath
|
-
|
$395,000
2 Bed
2 Bath
|
$395,000
02/08/2022
|
Nathan T Lambert
Lambert Realty and Development
| |
|
02/10/2015
|
2 Bed
|
2 Bath
|
1135 ft²
|
$178,000
2 Bed
2 Bath
1135 ft²
|
$160,000
-10.11%
03/31/2015
|
James Lusby
VIP Full Service Realty Inc
|
Building Info
About Miramar Beach
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Currently no similar homes aroundNearby Rentals
Listed by: Nathan T Lambert, Lambert Realty and Development
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 887408
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 887408
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