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Walton 32459
28 Emerald Beach Circle
$825,000
● House - Off Market

28 Emerald Beach Circle

Santa Rosa Beach, FL 32459
bedrooms
4 Beds
bathrooms
3 Baths
$4,768
Est. Monthly
2.80%
Cap Rate

About This Property

Turnkey beach retreat in Emerald Beach! This 4BD/3BA home is fully furnished and rental-ready, just steps from the Gulf. Rare features set this property apart: a full bath on the main level and an expanded paver parking pad for multiple vehicles (no street parking allowed in this community). The open floor plan offers a spacious kitchen with breakfast bar, bright dining area, and inviting living space. Upstairs bedrooms provide plenty of room for family and guests. Enjoy a private patio, resort-style amenities, and easy access to beach paths, shopping, and dining.Highlights include turnkey furnishings, and strong rental history. Ideal for investors or second-home buyers seeking a functional, high-performing property in west 30A.
Unit Size
-
Days on Market
180 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
2018

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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: 8 months ago (ECAR #985683)

Price History

Date / Event Date Event Price
Mar 17, 2026 Sold
Premium
Sold
Feb 22, 2026 In contract -
In contract
Nov 30, 2025 Price Decreased $849,000
↓ $10K (1.2%)
Price Decreased
Nov 15, 2025 Price Decreased $859,000
↓ $10K (1.2%)
Price Decreased
Sep 18, 2025 Listed by Destin Luxury Real Estate and Rental $869,000
Listed by Destin Luxury Real Estate and Rental
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,790
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 450
  • Total Building Area: 2,078
  • Gross Building Area: 2,078
  • Building Area: 2,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,078
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUE MOUNTAIN BEACH PH 2
  • Land Acres: 0000000087
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 71 BLK D HIGHLAND PARKS AT BLUE MOUNTAIN BEACH PH 2 PB 18-68 OR 2898-2577 OR 2940-4246 OR 3070-3753

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950606

Geography

  • Assessors Map Reference: S3-01-20
  • Subdivision Phase Number: 2
  • Parcel: 01-3S-20-34610-00D-0710
  • Block: D
  • Lot: 71
  • Meridian: SEC 01 TWN 03S RNG 020
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3468
  • Longitude: -86.2024

    Address

  • Full Address: 28 Emerald Beach Cir
  • Address - House Number: 28
  • Address - Street Name: Emerald Beach
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H006
  • 4-Digit Zip Code: 0018
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,171
  • Tax Year: 2022
  • Tax Amount: $618,611
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 1,242,033
  • High Value: 1,562,259
  • Low Value: 921,808

    Market Valuation

  • Market Total Value: $803,470
  • Market Land Value: $165,390
  • Market Improvement Value: $638,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $803,470
  • Assessed Land Value: $165,390
  • Assessed Improvements Value: $638,080

    Sales

  • Current Sale Contract Date: Apr 06, 2018
  • Current Sale Recording Date: Apr 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2018000011941

    Financing

  • First Mortgage Financing Type: ADJ
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 Walton

Stats & Trends

Median Asking:

$724,000

Sale Price/ft²

$421

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2294 ft²

Average Home Age

16.9 years

Currently For Sale

2287 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: Ginger G Hallmark, Destin Luxury Real Estate and Rental
Last Updated: 8 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 985683
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 28 Emerald Beach Circle built and last sold?
The property at 28 Emerald Beach Circle was built in 2018 and last sold on Apr 6, 2018 for $446,927.
How much is this home worth?
The estimated value of the home located at 28 Emerald Beach Circle is $857,490.
What are some comparable homes to 28 Emerald Beach Circle?
There are currently no comparable homes to 28 Emerald Beach Circle.
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