When was property at 281 Wava Avenue built and last sold?

The property at 281 Wava Avenue was built in 1988 and last sold on Nov 28, 2017 for $481,000.

How much is this home worth?

The estimated value of the home located at 281 Wava Avenue is $1,009,995.

What are some comparable homes to 281 Wava Avenue?

There are currently no comparable homes to 281 Wava Avenue.

Okaloosa

32578

Rocky Bayou

281 Wava Avenue

Sold on Jun 5, 2026

Map

$975,000

● House - Off Market

281 Wava Avenue

Niceville, FL 32578

6 Beds

5 Baths

4,388 Ft²

$5,455

Est. Monthly

About This Property

Lakefront living in Rocky Bayou Estates! This spacious home sits on beautiful Lake Henderson and offers stunning water views from most rooms. The main level features 4 bedrooms, 4 full baths, a private office, Florida room, and a cozy sitting room off the primary suite. The living room impresses with a gorgeous beamed ceiling, and all bathrooms have been fully renovated. Downstairs includes 2 additional bedrooms, a full bath with laundry, plus a full kitchen and living room, AND a woodworking shop,--ideal for guests or multi-generational living. Enjoy private decks on both levels, paid-off solar panels (at closing) for low utility costs, and a 2022 roof for peace of mind. Home is also equipped with a central vacuum system. A rare lakefront gem! Washer and dryer downstairs will convey. Floor plans as well as a virtual tour are available.

Unit Size

4,388 Ft²

Days on Market

119 days

Land Size

0.61 acres

Price per sqft

$228

Property Type

House

Property Taxes

$544

HOA Dues

Year Built

1988

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Last updated: 5 months ago (ECAR #994444)

Price History

Date / Event	Date	Event
Jun 5, 2026	Sold	Premium
Sold
Mar 7, 2026	In contract	-
In contract
Feb 25, 2026	Price Decreased	$999,995 ↓ $50K (4.8%)
Price Decreased
Feb 2, 2026	Listed by The Property Group 850 Inc	$1,050,000
Listed by The Property Group 850 Inc
Nov 28, 2017	Sold	Premium
Sold
Mar 24, 2015	Sold	Premium
Sold
Mar 1, 2014	Listed by Assurance Realty of NWFL LLC	$389,000
Listed by Assurance Realty of NWFL LLC

	HUGE Price Drop!! A fantastic opportunity to own this wonderful lakefront property. This home is large and accommodating! The main floor houses the master bedroom and additional bedrooms. A oversized great room overlooks the lake and has beamed ceilings, hardwood floors and large fireplace. A large deck can be accessed from this floor. Just off the master bedroom is a separate office/bonus room. This room has access to the large deck as well. This home needs some work but items can be easily repaired or replaced. Downstairs you will find a finished basement housing the mother-in-law suite. This area has a living room area, bedroom, full bath, full kitchen, and offers views of the lake as well. A must see to appreciate what this home has to offer!

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1988

Effective Year Built: 1988
Building Count: 1
Bedroom Count: 4
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Building Condition: 0
Building Quality: 9
Construction Type: 0
Building Style: 0
Exterior Walls Type: 2
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 21
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 3
Basement Area: 1,458
Garage Type: 1
Garage Square Area: 575
Parking Space Count: 0
Patio Type: 5
Porch Type: 89
Pool Type: 0

Dimensions

Lot Size Square Feet: 26,343

Lot Size Frontage Feet: 1,100
Total Building Area: 6,627
Gross Building Area: 6,627
Building Area: 4,388
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 4
Heated Square Feet: 4,388
Heating Fuel Type: 3

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ROCKY BAYOU CC EST
Land Acres: 0000000605
Standard Land Use Code: 1001
County Land Use Code: 000100
State Land Use Code: 001
Legal Description 1: ROCKY BAYOU CC EST #3 LOT 31

Neighborhood

School District Name: Okaloosa County School District

Census Tract: 020900

Geography

Assessors Map Reference: 24

Parcel: 03-1S-22-5003-0000-0310
Lot: 31
Meridian: SEC 03 TWN 01S RNG 22W
Municipality: EAST NICEVILLE FIRE
Latitude: 30.5236
Longitude: -86.4468

Address

Full Address: 281 Wava Ave

Address - House Number: 281
Address - Street Name: Wava
Address - Suffix Type: Ave
State: FL
City Name: Niceville
Carrier Code: R013
4-Digit Zip Code: 1751
Zip Code: 32578

Valuation

Tax

Total Area: 5,113

Tax Year: 2023
Tax Amount: $619,463
Tax Rate Code Area: 015

Appraisal Valuation

Standard Deviation: 0.1672

Valuation Date: Feb 21, 2024
Confidence Score: 78
Final Value: 870,110
High Value: 1,015,623
Low Value: 724,596

Open Liens

Total Open Liens:

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Market Valuation

Market Total Value: $739,215

Market Land Value: $178,578
Market Improvement Value: $560,637

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $514,898

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Nov 28, 2017

Current Sale Recording Date: Nov 28, 2017
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 3174397
Previous Sale Recording Date: Mar 24, 2015
Previous Sale Contract Date: Feb 11, 2015
Previous Sale Amount: $389,000
Previous Sale Document Type: 68

Last Sale Mortgage

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Previous Mortgages

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Rocky Bayou

Stats & Trends

Median Asking:

$679,900

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

Average Home Size

2657 ft²

Average Home Age

37.9 years

Currently For Sale

13 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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Listed by: Kimberlie B Griggs, The Property Group 850 Inc
Last Updated: 5 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 994444

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.