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Okaloosa 32541 Calusa Bay
241 Inverrary Drive
$317,000
● House - Off Market

241 Inverrary Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,980 Ft²
$494,843
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Beautiful Mediterranean style home in the highly sought after gated community of Calusa Bay. This 3 Bedroom, 3.5 bath home features custom cabinets, granite counters and stainless steel appliances. Open concept living, dining, and kitchen area accented with travertine flooring, high ceilings and crown molding. Spacious Master bedroom and bath with garden tub, separate shower and his/her vanities. The master bedroom also offers exclusive access to the private balcony. The second floor features two additional guest bedrooms, one with en-suite bath and the furnishings are included with the home. There is also a community pool. Centrally located and close to dining, shopping, medical center plus just seconds away the beautiful beaches of the emerald coast. Truly a Must see, call for your private showing today.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$164
Property Type
House
Property Taxes
$253
HOA Dues
$190
Year Built
2006

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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 #797175)

Price History

Date / Event Date Event Price
Jun 15, 2018 Sold
Premium
Sold
Apr 26, 2018 Listed by World Impact Real Estate $325,000
Listed by World Impact Real Estate
Oct 20, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,030
  • Total Building Area: 2,670
  • Gross Building Area: 2,670
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,980
  • 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: 0000000070
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CALUSA BAY S/D LOT 4 BLK C

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0068-000C-0040
  • Block: C
  • Lot: 4
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.39
  • Longitude: -86.4047

    Address

  • Full Address: 241 Inverrary Dr
  • Address - House Number: 241
  • 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: 2,202
  • Tax Year: 2023
  • Tax Amount: $451,761
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 620,289
  • High Value: 741,682
  • Low Value: 498,895

    Market Valuation

  • Market Total Value: $483,110
  • Market Land Value: $106,549
  • Market Improvement Value: $376,561

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $483,110
  • Assessed Land Value: $106,549
  • Assessed Improvements Value: $376,561

    Sales

  • Current Sale Contract Date: May 31, 2018
  • Current Sale Recording Date: Jun 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3213635
  • Previous Sale Recording Date: Oct 20, 2006
  • Previous Sale Contract Date: Oct 13, 2006
  • Previous Sale Amount: $418,000
  • 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

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ECAR

Listed by: Paul C Shorey, World Impact Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 797175
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 241 Inverrary built and last sold?
The property at 241 Inverrary was built in 2006 and last sold on May 31, 2018 for $317,000.
How much is this home worth?
The estimated value of the home located at 241 Inverrary is $0.
What are some comparable homes to 241 Inverrary?
There are currently no comparable homes to 241 Inverrary.
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