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Okaloosa 32541 Emerald Lakes
264 Chipola Cove
$390,000
● House - Off Market

264 Chipola Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,419 Ft²
$758,823
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

For Comp
Unit Size
2,419 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
-
HOA Dues
$226
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 #602888)

Price History

Date / Event Date Event Price
Aug 15, 2013 Sold
Premium
Sold
Aug 12, 2013 Listed by Newman Dailey Resort Properties $390,000
Listed by Newman Dailey Resort Properties
Sep 11, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,463
  • Total Building Area: 3,216
  • Gross Building Area: 3,216
  • Building Area: 2,419
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,419
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH I LOT 23 BLK B

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 1
  • Parcel: 00-2S-22-0979-000B-0230
  • Block: B
  • Lot: 23
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3918
  • Longitude: -86.4014

    Address

  • Full Address: 264 Chipola Cv
  • Address - House Number: 264
  • Address - Street Name: Chipola
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 4768
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,846
  • Tax Year: 2023
  • Tax Amount: $319,077
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 865,808
  • High Value: 1,035,703
  • Low Value: 695,914

    Market Valuation

  • Market Total Value: $599,742
  • Market Land Value: $94,118
  • Market Improvement Value: $505,624

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 12, 2013
  • Current Sale Recording Date: Aug 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2876028
  • Previous Sale Recording Date: Sep 11, 2001
  • Previous Sale Contract Date: Sep 07, 2001
  • Previous Sale Amount: $292,500
  • 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

2336 ft²

Average Home Age

24.4 years

Currently For Sale

8 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: Colin Kirkwood, Newman Dailey Resort Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 602888
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 264 Chipola Cove built and last sold?
The property at 264 Chipola Cove was built in 1997 and last sold on Aug 12, 2013 for $390,000.
How much is this home worth?
The estimated value of the home located at 264 Chipola Cove is $0.
What are some comparable homes to 264 Chipola Cove?
There are currently no comparable homes to 264 Chipola Cove.
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