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Okaloosa 32541 Diamond Lakes
266 DIAMOND Cove
$242,500
● House - Off Market

266 DIAMOND Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,631 Ft²
$427,255
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

***MULTIPLE OFFERS*****CALLING FOR HIGHEST AND BEST BY 5PM JULY 4TH****Diamond Lake Townhomes RARELY come on the market because they are such a great investment and the owners love living in this centrally located community. Tucked away towards the back is the quiet end unit #266. Quiet and private, the screened in back porch backs up to Indian Bayou. The inside is meticulously maintained and has never been a rental. The home faces North/South and the master bedroom is at the back of the house. The other 2 bedrooms share a large bathroom and are separated from the street by the 2 car garage. This is a relaxing home with a gas burning fireplace, vaulted ceilings, great flow for entertaining and family gatherings. The Kitchen is HUGE, there is tons of storage and counterspace.
Unit Size
1,631 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$141
Property Type
House
Property Taxes
$66
HOA Dues
$443
Year Built
2006

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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 #708962)

Price History

Date / Event Date Event Price
Mar 24, 2021 Sold
Premium
Sold
Aug 28, 2014 Sold
Premium
Sold
Jul 1, 2014 Listed by Keller Williams Realty Destin $230,000
Listed by Keller Williams Realty Destin

Property Highlights

Air Conditioning
Fireplace
With View
Garage

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: 1
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 416
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,521
  • Total Building Area: 2,436
  • Gross Building Area: 2,436
  • Building Area: 1,756
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,756
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIAMOND LAKES
  • Land Acres: 0000000058
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: DIAMOND LAKES LOT B13

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 1
  • Parcel: 00-2S-22-1008-0000-B130
  • Block: 13
  • Lot: B13
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3932
  • Longitude: -86.4513

    Address

  • Full Address: 266 Diamond Cv
  • Address - House Number: 266
  • Address - Street Name: Diamond
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C025
  • 4-Digit Zip Code: 5127
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,098
  • Tax Year: 2023
  • Tax Amount: $400,074
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 490,896
  • High Value: 586,967
  • Low Value: 394,826

    Market Valuation

  • Market Total Value: $384,970
  • Market Land Value: $55,000
  • Market Improvement Value: $329,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $384,970
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $329,970

    Sales

  • Current Sale Contract Date: Mar 24, 2021
  • Current Sale Recording Date: Mar 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3440771
  • Previous Sale Recording Date: Aug 28, 2014
  • Previous Sale Contract Date: Aug 26, 2014
  • Previous Sale Amount: $242,500
  • 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 Diamond Lakes

Stats & Trends

Median Asking:

$444,900

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

102

Average Home Size

1756 ft²

Average Home Age

21 years

Currently For Sale

1 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: Lisa R Snuggs, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 708962
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 266 Diamond Cove built and last sold?
The property at 266 Diamond Cove was built in 2006 and last sold on Mar 24, 2021 for $335,000.
How much is this home worth?
The estimated value of the home located at 266 Diamond Cove is $0.
What are some comparable homes to 266 Diamond Cove?
There are currently no comparable homes to 266 Diamond Cove.
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