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Miramar Beach 32550
231 Sandy Cay Drive
$290,000
● House - Off Market

231 Sandy Cay Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,919 Ft²
$621,769
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Nice brick home within walking distance of deeded beach access to the Gulf of Mexico. This 4bedroom 2 bath features vaulted ceilings in living areas. Great room open to kitchen, dining room, breakfast area and covered back porch. Master bedroom with walk in closet and mastrerr b ath with separate shower and double vanity. Irrigation system on well. Fenced in back yard with inground pool. Gated community. This is a Short Sale.
Unit Size
1,919 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
-
HOA Dues
$616
Year Built
2004

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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 #592427)

Price History

Date / Event Date Event Price
Apr 24, 2023 Sold
Premium
Sold
Aug 1, 2013 Sold
Premium
Sold
Mar 5, 2013 Listed by RE/MAX Southern Realty $319,000
Listed by RE/MAX Southern Realty
Mar 22, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,184
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 280
  • Total Building Area: 2,339
  • Gross Building Area: 2,339
  • Building Area: 1,919
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,919
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARADISE RETREAT
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 11 BLK B PARADISE RETREAT PB 15-72 OR 2585-886 OR 2646- 2823 OR 2660-346 OR 2927-572

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42790-00B-0110
  • Block: B
  • Lot: 11
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3836
  • Longitude: -86.3932

    Address

  • Full Address: 231 Sandy Cay Dr
  • Address - House Number: 231
  • Address - Street Name: Sandy Cay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 8261
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,202
  • Tax Year: 2022
  • Tax Amount: $468,805
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 960,031
  • High Value: 1,215,333
  • Low Value: 704,729

    Market Valuation

  • Market Total Value: $649,795
  • Market Land Value: $45,898
  • Market Improvement Value: $603,897

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $649,795
  • Assessed Land Value: $45,898
  • Assessed Improvements Value: $603,897

    Sales

  • Current Sale Contract Date: Apr 20, 2023
  • Current Sale Recording Date: Apr 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13949
  • Previous Sale Recording Date: Aug 01, 2013
  • Previous Sale Contract Date: Jul 30, 2013
  • Previous Sale Amount: $290,000
  • 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:

$719,450

Sale Price/ft²

$486

Below Asking

0.03%

Average Days on Market

112

Average Home Size

1752 ft²

Average Home Age

26.1 years

Currently For Sale

659 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: Paul C Shorey, RE/MAX Southern Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 592427
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 231 Sandy Cay Drive built and last sold?
The property at 231 Sandy Cay Drive was built in 2004 and last sold on Apr 20, 2023 for $821,000.
How much is this home worth?
The estimated value of the home located at 231 Sandy Cay Drive is $0.
What are some comparable homes to 231 Sandy Cay Drive?
There are currently no comparable homes to 231 Sandy Cay Drive.
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