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Okaloosa 32541 Emerald Lakes
262 Okeechobee Cove
$469,900
● House - Off Market

262 Okeechobee Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$643,639
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Lake Front Home WITH Your Own Private Pool! Gorgeous Custom Home Meticulously Updated & Maintained. Much Desired Open Floor Plan w/ LR Overlooking Pool & Lake. All Bathrooms Updated w/ Granite, Lighting, & Fixtures. Formal DR Off Entry. Kitchen Open To LR w/ Breakfast Area All Overlooking Pool. 11 Ft Ceilings In Main Areas w/ 9 Ft Elsewhere. MBR w/ Lighted Tray Ceiling (10 Ft). Updated Master Bath w/ Awesome Walk In Shower & HUGE Walk-in Closet. Guest BR's Separated By Full 2nd Bathroom w/ Granite Counters & Updated Fixtures. Another Half Bath In Hallway From Garage. Nice Laundry w/ Extra Storage. Garage w/ Built Ins. Screened Pool Overlooking Lake. Fenced Pet Area Off Pool. Paver Stone Driveway. One Of The Nicest Homes You Will See. Call Today To See This House & Make It Yours!
Unit Size
-
Days on Market
45 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
2003

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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: 7 months ago (ECAR #851097)

Price History

Date / Event Date Event Price
Sep 9, 2020 Sold
Premium
Sold
Jul 17, 2020 Listed by Newman Dailey Resort Properties $469,900
Listed by Newman Dailey Resort Properties
Jun 11, 2015 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,961
  • Total Building Area: 2,675
  • Gross Building Area: 2,675
  • Building Area: 2,001
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,001
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH II LOT 22 BLK C

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2
  • Parcel: 00-2S-22-0980-000C-0220
  • Block: C
  • Lot: 22
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3931
  • Longitude: -86.4028

    Address

  • Full Address: 262 Okeechobee Cv
  • Address - House Number: 262
  • Address - Street Name: Okeechobee
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 5712
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,357
  • Tax Year: 2023
  • Tax Amount: $267,167
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 719,422
  • High Value: 840,082
  • Low Value: 598,762

    Market Valuation

  • Market Total Value: $549,267
  • Market Land Value: $94,118
  • Market Improvement Value: $455,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $288,447

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3389832
  • Previous Sale Recording Date: Jun 11, 2015
  • Previous Sale Contract Date: Jun 05, 2015
  • Previous Sale Amount: $325,000
  • 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 Emerald Lakes

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$319

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2321 ft²

Average Home Age

24.1 years

Currently For Sale

7 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: Mark A DeSalvo, Newman Dailey Resort Properties
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 851097
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 262 Okeechobee Cove built and last sold?
The property at 262 Okeechobee Cove was built in 2003 and last sold on Aug 31, 2020 for $469,900.
How much is this home worth?
The estimated value of the home located at 262 Okeechobee Cove is $0.
What are some comparable homes to 262 Okeechobee Cove?
There are currently no comparable homes to 262 Okeechobee Cove.
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