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Okaloosa 32541 Kelly Plantation
249 Matties Way
$1,499,000
● House - Off Market

249 Matties Way

Destin, FL 32541
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,776 Ft²
$2,786,253
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Beautiful Home on Deepwater Lot in Kelly Plantation.
Unit Size
4,776 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$314
Property Type
House
Property Taxes
$815
HOA Dues
$645
Year Built
1997

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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 #708398)

Price History

Date / Event Date Event Price
Jun 19, 2014 Sold
Premium
Sold
May 1, 2014 Listed by Destin Real Estate $1,499,000
Listed by Destin Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage
With View

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 648
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 29,102
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 6,832
  • Gross Building Area: 6,832
  • Building Area: 4,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,776
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELLY PLANTATION S/D
  • Land Acres: 0000000668
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELLY PLANTATION S/D LOT 14 BLK F

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023304

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-1355-000F-0140
  • Block: F
  • Lot: 14
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.4014
  • Longitude: -86.4477

    Address

  • Full Address: 249 Matties Way
  • Address - House Number: 249
  • Address - Street Name: Matties
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Destin
  • Carrier Code: C016
  • 4-Digit Zip Code: 3442
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 5,727
  • Tax Year: 2023
  • Tax Amount: $2,104,155
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.4674
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 6
  • Final Value: 2,258,343
  • High Value: 3,314,033
  • Low Value: 1,202,652

    Market Valuation

  • Market Total Value: $2,182,916
  • Market Land Value: $1,219,842
  • Market Improvement Value: $963,074

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,182,916
  • Assessed Land Value: $1,219,842
  • Assessed Improvements Value: $963,074

    Sales

  • Current Sale Contract Date: Jun 18, 2014
  • Current Sale Recording Date: Jun 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2934369
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 Kelly Plantation

Stats & Trends

Median Asking:

$1,574,500

Sale Price/ft²

$461

Below Asking

0.03%

Average Days on Market

66

Average Home Size

3908 ft²

Average Home Age

28.8 years

Currently For Sale

4 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: Tim Shepard, Destin Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 708398
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 249 Mattie's Way built and last sold?
The property at 249 Mattie's Way was built in 1997 and last sold on Jun 18, 2014 for $1,499,000.
How much is this home worth?
The estimated value of the home located at 249 Mattie's Way is $0.
What are some comparable homes to 249 Mattie's Way?
There are currently no comparable homes to 249 Mattie's Way.
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