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Niceville 32578 Edgewater Village
2303 Canal Drive
$415,000
● House - Off Market

2303 Canal Drive

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
$2,088
Est. Monthly
5.33%
Cap Rate

About This Property

This is a  great CUSTOM BRICK RANCH ! SUPER convenient location with Screened in Salt Water Pool!  NEW roof in 2023!  Also, potential parking in back for up to a 27ft RV!  A place for all your toys!  The 3 Bedroom, 2 Bath split bedroom plan has a great feel!  There is a 12x 20 Florida Room for extra space to spread out!  The primary bedroom is a generous 17 x13 and easily fits a king bed!  Fenced yard helps with the little folks and pets.  There is updated granite counter tops and backsplash in the kitchen!  Come make this your HOME! New water heater and HVAC with acceptable contract.
Unit Size
-
Days on Market
40 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1992

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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 #973569)

Price History

Date / Event Date Event Price
Jun 6, 2025 Sold
Premium
Sold
Apr 8, 2025 Listed by Bayside Realty NWF $399,000
Listed by Bayside Realty NWF
Feb 28, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 59
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,247
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,670
  • Gross Building Area: 2,670
  • Building Area: 1,491
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,491
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGE WATER VILLAGE S/D
  • Land Acres: 0000000281
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EDGE WATER VILLAGE S/D LOT 2 BLK 9

Neighborhood

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

Geography

  • Assessors Map Reference: 29
  • Parcel: 09-1S-22-0730-0009-0020
  • Block: 9
  • Lot: 2
  • Meridian: SEC 09 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5111
  • Longitude: -86.4467

    Address

  • Full Address: 2303 Canal Dr
  • Address - House Number: 2303
  • Address - Street Name: Canal
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R009
  • 4-Digit Zip Code: 2913
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,115
  • Tax Year: 2023
  • Tax Amount: $155,130
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 390,309
  • High Value: 465,837
  • Low Value: 314,781

    Market Valuation

  • Market Total Value: $309,804
  • Market Land Value: $79,722
  • Market Improvement Value: $230,082

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,464

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2000
  • Current Sale Recording Date: Feb 28, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1755457
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 Edgewater Village

Stats & Trends

Median Asking:

$1,565,900

Sale Price/ft²

$322

Above Asking

0.00%

Average Days on Market

54

Average Home Size

2489 ft²

Average Home Age

26.8 years

Currently For Sale

0 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: Christopher E Schwantz, Bayside Realty NWF
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 973569
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 2303 Canal Drive built and last sold?
The property at 2303 Canal Drive was built in 1992 and last sold on Feb 25, 2000 for $110,000.
How much is this home worth?
The estimated value of the home located at 2303 Canal Drive is $0.
What are some comparable homes to 2303 Canal Drive?
There are currently no comparable homes to 2303 Canal Drive.
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