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Okaloosa 32541 Calusa Bay
233 Inverrary Drive
$499,900
● House - Off Market

233 Inverrary Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,966 Ft²
$2,897
Est. Monthly
$230
HOA / Fees
3.62%
Cap Rate

About This Property

Beautiful 3 bedroom 2.5 bathroom 2 Story, open floor plan home located in a gated community central to dining, shopping & entertainment and beautiful beaches. The first floor features a large entry, guest half bath, and a large living space, kitchen and dining space complete with touches like laminated wood & 20-inch tile flooring, granite countertops, recessed lighting, and backyard with patio. The second-floor features 2 large guest bedrooms with dedicated restroom on that wing and a fantastic owners' suite complete with large private balcony, on-suite with whirlpool tub, stand up shower, double vanity and walk-in closet. Calusa Bay is a short-term rental restricted community with gated access, community pool, club house and dog park. Schedule showing today!!!
Unit Size
1,966 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$254
Property Type
House
Property Taxes
$216
HOA Dues
$230
Year Built
2010

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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 #958262)

Price History

Date / Event Date Event Price
Dec 11, 2024 Sold
Premium
Sold
Sep 1, 2024 Listed by Real Broker LLC $499,000
Listed by Real Broker LLC
May 30, 2017 Sold
Premium
Sold
Sep 28, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • 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: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,017
  • Total Building Area: 2,614
  • Gross Building Area: 2,614
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CALUSA BAY S/D
  • Land Acres: 0000000069
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CALUSA BAY S/D LOT 8 BLK C

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0068-000C-0080
  • Block: C
  • Lot: 8
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3896
  • Longitude: -86.4045

    Address

  • Full Address: 233 Inverrary Dr
  • Address - House Number: 233
  • Address - Street Name: Inverrary
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C028
  • 4-Digit Zip Code: 5756
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,244
  • Tax Year: 2023
  • Tax Amount: $259,768
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 618,717
  • High Value: 739,720
  • Low Value: 497,714

    Market Valuation

  • Market Total Value: $464,407
  • Market Land Value: $106,549
  • Market Improvement Value: $357,858

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,488

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 25, 2017
  • Current Sale Recording Date: May 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3137842
  • Previous Sale Recording Date: Sep 28, 2010
  • Previous Sale Contract Date: Sep 27, 2010
  • Previous Sale Amount: $275,000
  • 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 Calusa Bay

Stats & Trends

Median Asking:

$689,900

Sale Price/ft²

$320

Below Asking

0.02%

Average Days on Market

180

Average Home Size

2348 ft²

Average Home Age

13 years

Currently For Sale

5 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: Christina M Jennings, Real Broker LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 958262
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 233 Inverrary Drive built and last sold?
The property at 233 Inverrary Drive was built in 2010 and last sold on May 25, 2017 for $322,000.
How much is this home worth?
The estimated value of the home located at 233 Inverrary Drive is $0.
What are some comparable homes to 233 Inverrary Drive?
There are currently no comparable homes to 233 Inverrary Drive.
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