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Okaloosa 32541 Emerald Lakes
230 WEKIVA Cove
$430,000
● House - Off Market

230 WEKIVA Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,270 Ft²
$758,350
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

GET READY TO FALL IN LOVE!! This well maintained, spacious home will wow you with all the added features and the courtyard design. All rooms open to the sparkling pool and Jacuzzi with a covered lanai to enjoy when those summer showers come! This home has been well maintained and updated since this owner purchased the home. Quality workmanship and attention to all the details that you desire! Perfect for two families buying together since it has the DOUBLE MASTER feature! Screened in lanai was upgraded with a ''pet shield'' all around the lower section to keep rodents from coming in or your little guys from getting out. There are 8 ceiling fans to keep this home at a great comfort level even without the AC! Mood lighting and a cozy fireplace add to the ambience of this great home. Must see
Unit Size
2,270 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$198
Property Type
House
Property Taxes
$284
HOA Dues
$226
Year Built
1998

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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 MLS #756748)

Price History

Date / Event Date Event Price
Mar 21, 2019 Sold
Premium
Sold
Jan 31, 2019 No longer available -
No longer available
Jan 21, 2019 No longer available -
No longer available
Jan 16, 2019 Listed by Crye-Leike Coastal Realty $469,000
Listed by Crye-Leike Coastal Realty
Aug 31, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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: 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: 420
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,253
  • Total Building Area: 2,904
  • Gross Building Area: 2,904
  • Building Area: 2,270
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,270
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH I LOT 4 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-0040
  • Block: A
  • Lot: 4
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3893
  • Longitude: -86.4012

    Address

  • Full Address: 230 Wekiva Cv
  • Address - House Number: 230
  • 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: 2,565
  • Tax Year: 2023
  • Tax Amount: $335,103
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 737,967
  • High Value: 862,482
  • Low Value: 613,452

    Market Valuation

  • Market Total Value: $552,352
  • Market Land Value: $94,118
  • Market Improvement Value: $458,234

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,356

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 18, 2019
  • Current Sale Recording Date: Mar 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3266053
  • Previous Sale Recording Date: Aug 31, 2016
  • Previous Sale Contract Date: Aug 25, 2016
  • Previous Sale Amount: $430,000
  • 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 Emerald Lakes

Stats & Trends

Median Asking:

$729,559

Sale Price/ft²

$315

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2462 ft²

Average Home Age

25.2 years

Currently For Sale

6 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

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ECAR

Listed by: Wanda Duke, Crye-Leike Coastal Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 756748
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 230 Wekiva Cove built and last sold?
The property at 230 Wekiva Cove was built in 1998 and last sold on Mar 18, 2019 for $455,000.
How much is this home worth?
The estimated value of the home located at 230 Wekiva Cove is $482,355.
What are some comparable homes to 230 Wekiva Cove?
There are currently no comparable homes to 230 Wekiva Cove.
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