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Okaloosa 32541 Calusa Bay
248 Inverrary Drive
$251,000
● House - Off Market

248 Inverrary Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,565 Ft²
$479,306
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

What a great location for this adorable 3 bedroom, 2.5 bath home in Calusa Bay! The home features new carpet and fresh paint, a bright open floor plan, stainless steel appliances, tile flooring and an in-ground pool in the courtyard! The community is located close to everything the resort has to offer!
Unit Size
1,565 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$172
Property Type
House
Property Taxes
$165
HOA Dues
$175
Year Built
2000

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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 #726018)

Price History

Date / Event Date Event Price
Mar 16, 2020 Sold
Premium
Sold
Jul 28, 2015 Sold
Premium
Sold
Mar 26, 2015 Listed by Keller Williams Realty Destin $269,900
Listed by Keller Williams Realty Destin

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 4,281
  • Total Building Area: 1,828
  • Gross Building Area: 1,828
  • Building Area: 1,565
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,565
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CALUSA BAY S/D
  • Land Acres: 0000000098
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CALUSA BAY S/D LOT 13 BLK B

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0068-000B-0130
  • Block: B
  • Lot: 13
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3897
  • Longitude: -86.4051

    Address

  • Full Address: 248 Inverrary Dr
  • Address - House Number: 248
  • Address - Street Name: Inverrary
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C028
  • 4-Digit Zip Code: 5754
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,601
  • Tax Year: 2023
  • Tax Amount: $252,354
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 535,269
  • High Value: 625,663
  • Low Value: 444,874

    Market Valuation

  • Market Total Value: $401,411
  • Market Land Value: $111,877
  • Market Improvement Value: $289,534

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $274,513

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 11, 2020
  • Current Sale Recording Date: Mar 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3345086
  • Previous Sale Recording Date: Jul 28, 2015
  • Previous Sale Contract Date: Jul 22, 2015
  • Previous Sale Amount: $251,000
  • Previous Sale Document Type: 68
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 Calusa Bay

Stats & Trends

Median Asking:

$648,950

Sale Price/ft²

$280

Above Asking

0.00%

Average Days on Market

60

Average Home Size

2308 ft²

Average Home Age

7.7 years

Currently For Sale

10 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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ECAR

Listed by: The Kelly Group Team, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 726018
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 248 Inverrary Drive built and last sold?
The property at 248 Inverrary Drive was built in 2000 and last sold on Mar 11, 2020 for $332,000.
How much is this home worth?
The estimated value of the home located at 248 Inverrary Drive is $0.
What are some comparable homes to 248 Inverrary Drive?
There are currently no comparable homes to 248 Inverrary Drive.
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