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Crestview 32536
252 Panama Drive
$249,900
● House - Off Market

252 Panama Drive

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
$1,289
Est. Monthly
11.32%
Cap Rate

About This Property

Move-in ready home, conveniently located in northwest Crestview, close to both Hwy 90 and Hwy 85. New roof! 2022) New water heater! (2024) New HVAC! (2019) Freshly painted and new carpet throughout the home, with new tile planks in the dining area and kitchen. Even the electric switches and hardware have been updated. You'll love the new fully fenced property with an interiior fence for your convenience. The right side-yard has racks for storing kayaks and a double gate for easy placement of your boat or RV. The left side-yard has a pad in place for an above ground pool, a storage shed, and even a small garden area.  Did I mention no HOA? This one won't last long! What are you waiting for?
Unit Size
-
Days on Market
196 days
Land Size
0.33 acres
Price per sqft
-
Property Type
House
Property Taxes
$86
HOA Dues
-
Year Built
2006

Payment Calculator

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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: 7 months ago (ECAR #985590)

Price History

Date / Event Date Event Price
Apr 2, 2026 Sold
Premium
Sold
Feb 15, 2026 In contract -
In contract
Feb 2, 2026 Price Decreased $244,900
↓ $5K (2%)
Price Decreased
Dec 2, 2025 Price Decreased $249,999
↓ $5K (2%)
Price Decreased
Oct 20, 2025 Price Decreased $255,000
↓ $10K (3.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,371
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 1,931
  • Gross Building Area: 1,931
  • Building Area: 1,379
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,379
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JERNIGAN S/D
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: JERNIGAN S/D LOT 17 & S15 FT LOT 16 BLK D & ADJACENT PORTION OF VACATED

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020500

Geography

  • Assessors Map Reference: 15B
  • Parcel: 07-3N-23-1310-000D-0170
  • Block: D
  • Lot: 17,16
  • Meridian: SEC 07 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.772
  • Longitude: -86.5825

    Address

  • Full Address: 252 Panama Dr
  • Address - House Number: 252
  • Address - Street Name: Panama
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: C001
  • 4-Digit Zip Code: 2314
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,620
  • Tax Year: 2023
  • Tax Amount: $99,478
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 265,566
  • High Value: 312,904
  • Low Value: 218,228

    Market Valuation

  • Market Total Value: $190,886
  • Market Land Value: $23,451
  • Market Improvement Value: $167,435

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,027

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2010
  • Current Sale Recording Date: Jul 02, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2643572
  • Previous Sale Recording Date: Feb 28, 2006
  • Previous Sale Contract Date: Feb 24, 2006
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: 20
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 Crestview

Stats & Trends

Median Asking:

$284,000

Sale Price/ft²

$166

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1826 ft²

Average Home Age

22.3 years

Currently For Sale

189 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: Cheri L Dickson, Coldwell Banker Realty
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 985590
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 252 Panama Drive built and last sold?
The property at 252 Panama Drive was built in 2006 and last sold on Jun 29, 2010 for $80,900.
How much is this home worth?
The estimated value of the home located at 252 Panama Drive is $247,349.
What are some comparable homes to 252 Panama Drive?
There are currently no comparable homes to 252 Panama Drive.
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