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Miramar Beach 32550
2474 Bungalo Lane
Photo of 2474 Bungalo Lane
Sold on Jun 22, 2023

1

Map

$900,000
● House - Off Market

2474 Bungalo Lane

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
4 Baths
square feet
1,596 Ft²
$901,509
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

*Entered for comp purposes
Unit Size
1,596 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$564
Property Type
House
Property Taxes
$502
HOA Dues
$428
Year Built
2005

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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: 29 days ago ( #743337)

Price History

Date / Event Date Event Price
Jun 22, 2023 Sold
Premium
Sold
Mar 2, 2023 Listed by Counts Real Estate Group Inc $900,000
Listed by Counts Real Estate Group Inc
Dec 3, 2021 Sold
Premium
Sold
Oct 14, 2021 No longer available -
No longer available
Oct 12, 2021 Listed by Counts Real Estate Group Inc $750,000
Listed by Counts Real Estate Group Inc
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • 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: 92
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,900
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 370
  • Total Building Area: 1,796
  • Gross Building Area: 1,796
  • Building Area: 1,796
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDESTIN PH II
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 2474 BUNGALOS AT SANDESTIN PH II PB 16-78 DESC AS: COMMENCE AT THE SE/C OF LOT 48 SANTA ROSA PLANTATION (BUNGALOS AT SANDESTIN),THENCE ON THE SOUTH LINE OF LOT 48, N 88 DEG 4849W 33FT TO THE WEST ROW OF MACK BAYOU RD; N 01 DEG 2259E ALONGW ROW, 3

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Geography

  • Assessors Map Reference: S2-24-21
  • Subdivision Phase Number: 2
  • Parcel: 24-2S-21-42830-000-2474
  • Block: 24
  • Lot: 2474
  • Meridian: SEC 24 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3911
  • Longitude: -86.3056

    Address

  • Full Address: 2474 Bungalo Ln
  • Address - House Number: 2474
  • Address - Street Name: Bungalo
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 1857
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,676
  • Tax Year: 2022
  • Tax Amount: $602,157
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.4642
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 7
  • Final Value: 745,994
  • High Value: 1,092,293
  • Low Value: 399,694

    Market Valuation

  • Market Total Value: $649,757
  • Market Land Value: $134,888
  • Market Improvement Value: $514,869

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $649,757
  • Assessed Land Value: $134,888
  • Assessed Improvements Value: $514,869

    Sales

  • Current Sale Contract Date: Jun 21, 2023
  • Current Sale Recording Date: Jun 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22083
  • Previous Sale Recording Date: Dec 03, 2021
  • Previous Sale Contract Date: Dec 01, 2021
  • Previous Sale Amount: $750,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$719,000

Sale Price/ft²

$483

Below Asking

0.03%

Average Days on Market

111

Average Home Size

1764 ft²

Average Home Age

26.1 years

Currently For Sale

661 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

Rentals Near You

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Frequently Asked Questions

When was property at 2474 Bungalo Lane built and last sold?
The property at 2474 Bungalo Lane was built in 2005 and last sold on Jun 21, 2023 for $900,000.
How much is this home worth?
The estimated value of the home located at 2474 Bungalo Lane is $897,595.
What are some comparable homes to 2474 Bungalo Lane?
There are currently no comparable homes to 2474 Bungalo Lane.
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