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Miramar Beach 32550
241 Long Lake Drive
$417,000
● House - Off Market

241 Long Lake Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
$2,379
Est. Monthly

About This Property

Nestled in the well-loved community of Olde Florida Lakes, this home enjoys a prime location close to the best of Santa Rosa Beach and Destin - from sugar-white beaches to local dining and boutique shopping. Inside, you'll find three comfortable bedrooms and two baths designed for easy living. Tall 10-foot ceilings throughout and a dramatic 12-foot ceiling in the living room make the home feel bright and spacious, while the fireplace provides the perfect cozy gathering spot.  The kitchen features a convenient pantry and long countertops that make meal prep easy and enjoyable.  Out back, a fully fenced yard provides the perfect play space for kids and pets or a blank canvas for an enthusiastic gardener.  The public schools are A+ rated.
Unit Size
-
Days on Market
75 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
2001

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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: 7 months ago (ECAR #987279)

Price History

Date / Event Date Event Price
Mar 9, 2026 Sold
Premium
Sold
Jan 29, 2026 In contract -
In contract
Dec 25, 2025 Relisted $435,000
Relisted
Dec 18, 2025 In contract -
In contract
Oct 10, 2025 Listed by Mainsail Realty Company $435,000
Listed by Mainsail Realty Company
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • 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: 441
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,922
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,917
  • Gross Building Area: 1,917
  • Building Area: 1,476
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,476
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLDE FLORIDA LAKES PH II
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 37 OLDE FLORIDA LAKES PH II PB 14-45 OR 2340-1019 OR 2703-4114

Neighborhood

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

Geography

  • Assessors Map Reference: S2-30-21
  • Subdivision Phase Number: 2
  • Parcel: 30-2S-21-42321-000-0370
  • Block: 3
  • Lot: 37
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3901
  • Longitude: -86.3814

    Address

  • Full Address: 241 Long Lake Dr
  • Address - House Number: 241
  • Address - Street Name: Long Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C013
  • 4-Digit Zip Code: 8245
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,736
  • Tax Year: 2022
  • Tax Amount: $261,863
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 493,606
  • High Value: 605,134
  • Low Value: 382,078

    Market Valuation

  • Market Total Value: $308,912
  • Market Land Value: $46,013
  • Market Improvement Value: $262,899

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $308,912
  • Assessed Land Value: $46,013
  • Assessed Improvements Value: $262,899

    Sales

  • Current Sale Contract Date: Dec 30, 2005
  • Current Sale Recording Date: Jan 03, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 928828
  • Previous Sale Recording Date: Jul 26, 2001
  • Previous Sale Contract Date: Jul 18, 2001
  • Previous Sale Amount: $148,000
  • Previous Sale Document Type: 20

    Financing

  • First Mortgage Financing Type: FIX
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:

$740,000

Sale Price/ft²

$502

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1704 ft²

Average Home Age

26.5 years

Currently For Sale

983 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: Clayton F Bonjean, Mainsail Realty Company
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 987279
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 Long Lake Drive built and last sold?
The property at 241 Long Lake Drive was built in 2001 and last sold on Dec 30, 2005 for $330,000.
How much is this home worth?
The estimated value of the home located at 241 Long Lake Drive is $0.
What are some comparable homes to 241 Long Lake Drive?
There are currently no comparable homes to 241 Long Lake Drive.
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