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Niceville 32578 Edgewater Village North
2432 Roberts Drive
$275,000
● House - Off Market

2432 Roberts Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
$1,351
Est. Monthly

About This Property

REO VA property.  This 4-bedroom, 2-bath home offers a split-bedroom design with excellent layout potential. The property features a spacious living room, separate dining area, and a bonus room with French doors off the living room-ideal for conversion into an office or flex space. While the home requires significant updates and TLC, it presents a prime opportunity for investors or renovators to add value. Original 1970's carpeting remains throughout, and no recent improvements have been made, allowing for a full redesign to modern standards. Solar panels are already installed, offering energy efficiency potential. With strong bones and ample square footage, this property is ready for transformation into a profitable investment or updated resale.
Unit Size
-
Days on Market
56 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973

Payment Calculator

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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: 9 months ago (ECAR #990060)

Price History

Date / Event Date Event Price
Jan 16, 2026 Sold
Premium
Sold
Nov 29, 2025 In contract -
In contract
Nov 19, 2025 Listed by ERA American Real Estate $275,000
Listed by ERA American Real Estate
Aug 23, 2012 Sold
Premium
Sold
Feb 21, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 728
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,160
  • Lot Size Frontage Feet: 1,110
  • Total Building Area: 2,725
  • Gross Building Area: 2,725
  • Building Area: 1,783
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,783
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER VILLAGE
  • Land Acres: 0000000325
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EDGEWATER VILLAGE NORTH LOT 3 BLK 3 EX OR

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: 29
  • Parcel: 09-1S-22-0731-0003-0030
  • Block: 3
  • Lot: 3
  • Meridian: SEC 09 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5087
  • Longitude: -86.4409

    Address

  • Full Address: 2432 Roberts Dr
  • Address - House Number: 2432
  • Address - Street Name: Roberts
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R009
  • 4-Digit Zip Code: 2359
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,340
  • Tax Year: 2023
  • Tax Amount: $362,664
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 428,524
  • High Value: 504,909
  • Low Value: 352,138

    Market Valuation

  • Market Total Value: $287,089
  • Market Land Value: $79,722
  • Market Improvement Value: $207,367

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,089
  • Assessed Land Value: $79,722
  • Assessed Improvements Value: $207,367

    Sales

  • Current Sale Contract Date: Aug 10, 2012
  • Current Sale Recording Date: Aug 23, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2796298
  • Previous Sale Recording Date: Feb 21, 2008
  • Previous Sale Contract Date: Feb 12, 2008
  • Previous Sale Amount: $230,000
  • 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 Edgewater Village North

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$206

Below Asking

0.02%

Average Days on Market

160

Average Home Size

1107 ft²

Average Home Age

52 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: Patricia A Williams, ERA American Real Estate
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 990060
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 2432 Roberts Drive built and last sold?
The property at 2432 Roberts Drive was built in 1973 and last sold on Aug 10, 2012 for $65,446.
How much is this home worth?
The estimated value of the home located at 2432 Roberts Drive is $277,750.
What are some comparable homes to 2432 Roberts Drive?
There are currently no comparable homes to 2432 Roberts Drive.
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