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Miramar Beach 32550
2485 BUNGALO Lane
$415,000
● House - Off Market

2485 BUNGALO Lane

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,596 Ft²
$699,520
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Wonderful Florida Cottage in the Bungalos in Sandestin Golf & Beach Resort. The home is being sold fully furnished for a turn key opportunity. Great location close to the neighborhood pool and guest parking. This 3 bdr, 3/1 bath with a first floor master bedroom is perfect for a primary home, beach getaway or rental/investment property. Upscale finishes include vaulted ceilings with crown molding, tile throughout the living area, granite countertops in the kitchen and master bath, stainless steel appliances and upscale furnishings. New carpeting in bedrooms. Enjoy relaxing mornings and evenings on the wonderful enclosed porch. Bungalos Homeowner Association dues are $250/mo and the Sandestin Owners Association dues are $363/qtr. Buyer to verify all dimensions.
Unit Size
1,596 Ft²
Days on Market
-
Land Size
-
Price per sqft
$263
Property Type
House
Property Taxes
$252
HOA Dues
$371
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: 2 years ago (ECAR MLS #749679)

Price History

Date / Event Date Event Price
Jan 31, 2022 Sold
Premium
Sold
Dec 20, 2021 No longer available -
No longer available
Nov 20, 2021 Price Decreased $739,000
↓ $6K (0.8%)
Price Decreased
Nov 10, 2021 Relisted $745,000
Relisted
Nov 2, 2021 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

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: 3,164
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 350
  • 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: 0000000073
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 2485 BUNGALOS AT SANDESTIN PH II PB 16-78 OR 2682-2415 OR 2904-792 OR 3032-4111 OR 3236-3449

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-21-42830-000-2485
  • Block: 24
  • Lot: 2485
  • Meridian: SEC 24 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3912
  • Longitude: -86.3069

    Address

  • Full Address: 2485 Bungalo Ln
  • Address - House Number: 2485
  • Address - Street Name: Bungalo
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 1858
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,676
  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 959,463
  • High Value: 1,206,835
  • Low Value: 712,091

    Market Valuation

  • Market Total Value: $637,859
  • Market Land Value: $134,888
  • Market Improvement Value: $502,971

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $637,859
  • Assessed Land Value: $134,888
  • Assessed Improvements Value: $502,971

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4524
  • Previous Sale Recording Date: Feb 07, 2017
  • Previous Sale Contract Date: Feb 03, 2017
  • Previous Sale Amount: $415,000
  • 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:

$724,500

Sale Price/ft²

$486

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1736 ft²

Average Home Age

26.3 years

Currently For Sale

669 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: Calvin Cedarleaf, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 749679
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 2485 Bungalo Lane built and last sold?
The property at 2485 Bungalo Lane was built in 2005 and last sold on Jan 28, 2022 for $739,000.
How much is this home worth?
The estimated value of the home located at 2485 Bungalo Lane is $735,923.
What are some comparable homes to 2485 Bungalo Lane?
There are currently no comparable homes to 2485 Bungalo Lane.
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