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Okaloosa 32541 Emerald Lakes
246 Okeechobee Cove
$365,000
● House - Off Market

246 Okeechobee Cove

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,963 Ft²
$687,354
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

New top of the line AC/ dehumidifier system installed. Professionally decorated..must see and Furniture included, artwork all included!. Beautiful decor. Open living area to kitchen and formal dining room...looking onto screened porch with Lake views! 4 bedrooms, 3 baths, walk in closets, Builtin cabinetry with fireplace in living area. 4th bedroom can be great office. Granite counter-tops, hardwood floors. 2 car garage. Call to see today!
Unit Size
1,963 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$203
Property Type
House
Property Taxes
$259
HOA Dues
$226
Year Built
2000

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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: 2 years ago (ECAR MLS #744069)

Price History

Date / Event Date Event Price
Apr 15, 2016 Sold
Premium
Sold
Jan 7, 2016 Listed by Beach Escapes Realty $399,000
Listed by Beach Escapes Realty
Jul 17, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 632
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,259
  • Total Building Area: 3,048
  • Gross Building Area: 3,048
  • Building Area: 1,963
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,963
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH II LOT 30 BLK C

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2
  • Parcel: 00-2S-22-0980-000C-0300
  • Block: C
  • Lot: 30
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3924
  • Longitude: -86.4015

    Address

  • Full Address: 246 Okeechobee Cv
  • Address - House Number: 246
  • Address - Street Name: Okeechobee
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 5712
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,527
  • Tax Year: 2023
  • Tax Amount: $310,713
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 707,079
  • High Value: 826,382
  • Low Value: 587,776

    Market Valuation

  • Market Total Value: $545,097
  • Market Land Value: $94,118
  • Market Improvement Value: $450,979

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $334,412

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 14, 2016
  • Current Sale Recording Date: Apr 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3060296
  • Previous Sale Recording Date: Jul 17, 2006
  • Previous Sale Contract Date: Jul 12, 2006
  • Previous Sale Amount: $450,000
  • 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 Emerald Lakes

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$319

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2321 ft²

Average Home Age

24.1 years

Currently For Sale

7 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: Vicki L Gordon, Beach Escapes Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 744069
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 246 Okeechobee Cove built and last sold?
The property at 246 Okeechobee Cove was built in 2000 and last sold on Apr 14, 2016 for $365,000.
How much is this home worth?
The estimated value of the home located at 246 Okeechobee Cove is $0.
What are some comparable homes to 246 Okeechobee Cove?
There are currently no comparable homes to 246 Okeechobee Cove.
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