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Miramar Beach 32550
244 LAKELAND Drive
$525,000
● House - Off Market

244 LAKELAND Drive

Miramar Beach, FL 32550
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,750 Ft²
$981,355
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Frangista Beach NEW construction MODEL HOME...! This is a custom Tommy Batson model home that offers 2 separate Master Bedroom Suites. An open floor plan, custom cabinetry, granite countertops throughout and is decorator furnished (furnishings sold separately). It is located conveniently in the heart of Miramar Beach and only one block to the Gulf of Mexico. This is a private Gated community with a Pool and Clubhouse for Owners only. The home also comes with deeded Beach access and low $300/Quarter HOA dues. Don't miss out on Brand New Construction that is South of Hwy 98 with deeded Gulf access. This home will not last long...!
Unit Size
2,750 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
$300
Year Built
2014

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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 #705557)

Price History

Date / Event Date Event Price
Nov 17, 2021 Sold
Premium
Sold
Jun 17, 2021 Sold
Premium
Sold
May 6, 2021 No longer available -
No longer available
Apr 15, 2021 Listed by Beach Sunsets Inc $875,000
Listed by Beach Sunsets Inc
Jun 29, 2018 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,782
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 570
  • Total Building Area: 2,832
  • Gross Building Area: 2,832
  • Building Area: 2,832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,832
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANGISTA BEACH 3RD ADDITION
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 51 BLK A FRANGISTA BEACH 3RD ADDITION S/D PB 17-71 OR 2729-1245 OR 2896-3633 OR 2918-991 OR 2978-3667 OR 3078-458 OR 3203-832 OR 3225-3486

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Geography

  • Assessors Map Reference: S2-29-21
  • Parcel: 29-2S-21-42060-00A-0510
  • Block: A
  • Lot: 51
  • Meridian: SEC 29 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3822
  • Longitude: -86.3753

    Address

  • Full Address: 244 Lakeland Dr
  • Address - House Number: 244
  • Address - Street Name: Lakeland
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C015
  • 4-Digit Zip Code: 4634
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 3,105
  • Tax Year: 2022
  • Tax Amount: $946,726
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 1,450,082
  • High Value: 1,835,704
  • Low Value: 1,064,460

    Market Valuation

  • Market Total Value: $1,021,567
  • Market Land Value: $283,050
  • Market Improvement Value: $738,517

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,021,567
  • Assessed Land Value: $283,050
  • Assessed Improvements Value: $738,517

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210057120
  • Previous Sale Recording Date: Jun 17, 2021
  • Previous Sale Contract Date: Jun 15, 2021
  • Previous Sale Amount: $862,000
  • 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:

$724,000

Sale Price/ft²

$492

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1727 ft²

Average Home Age

26.4 years

Currently For Sale

692 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: Ronald W Friesen, Beach Sunsets Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 705557
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 244 Lakeland Drive built and last sold?
The property at 244 Lakeland Drive was built in 2014 and last sold on Nov 12, 2021 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 244 Lakeland Drive is $0.
What are some comparable homes to 244 Lakeland Drive?
There are currently no comparable homes to 244 Lakeland Drive.
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