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Miramar Beach 32550
3005 Bay Villas Drive
$1,545,000
● House - Off Market

3005 Bay Villas Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,049 Ft²
$2,750,631
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Bay Front home in the exclusive gated neighborhood of Burnt Pine located in Sandestin Golf and Beach Resort. Recently updated home with lanai and room for a pool. Gorgeous grounds with lush landscaping leading to the dock on the bay .... enjoy the wonderful sunsets from your private setting.
Unit Size
3,049 Ft²
Days on Market
-
Land Size
-
Price per sqft
$507
Property Type
House
Property Taxes
$563
HOA Dues
$1,789
Year Built
1994

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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 #732284)

Price History

Date / Event Date Event Price
May 15, 2020 Sold
Premium
Sold
Jun 22, 2015 Sold
Premium
Sold
Jun 19, 2015 Listed by Scenic Sotheby's International Realty $1,545,000
Listed by Scenic Sotheby's International Realty

Property Highlights

Air Conditioning
With View
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 638
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,270
  • Total Building Area: 4,530
  • Gross Building Area: 4,530
  • Building Area: 3,892
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,892
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY VILLAS
  • Land Acres: 0000000351
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 3005 BAY VILLAS S/D AND INT IN COMMON ELEMENTS AS RECD IN PB 8-19 OR 534-97 OR 996-289 OR 1836-408 OR 2982-2511 OR 3142-4707

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Zoning

  • Zoning: BAYS

Geography

  • Assessors Map Reference: S2-14-21
  • Parcel: 14-2S-21-42100-000-3005
  • Block: 30
  • Lot: 3005
  • Meridian: SEC 14 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.4114
  • Longitude: -86.3209

    Address

  • Full Address: 3005 Bay Villas Dr
  • Address - House Number: 3005
  • Address - Street Name: Bay Villas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 4567
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 3,801
  • Tax Year: 2022
  • Tax Amount: $1,691,674
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 3,028,547
  • High Value: 3,830,820
  • Low Value: 2,226,274

    Market Valuation

  • Market Total Value: $2,219,793
  • Market Land Value: $1,121,100
  • Market Improvement Value: $1,098,693

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,219,793
  • Assessed Land Value: $1,121,100
  • Assessed Improvements Value: $1,098,693

    Sales

  • Current Sale Contract Date: May 15, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200016469
  • Previous Sale Recording Date: Jun 22, 2015
  • Previous Sale Contract Date: Jun 19, 2015
  • Previous Sale Amount: $1,545,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$487

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1730 ft²

Average Home Age

26.3 years

Currently For Sale

664 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: Jo M Stewart, Scenic Sotheby's International Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 732284
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 3005 Bay Villas Drive built and last sold?
The property at 3005 Bay Villas Drive was built in 1994 and last sold on May 15, 2020 for $1,850,000.
How much is this home worth?
The estimated value of the home located at 3005 Bay Villas Drive is $1,564,096.
What are some comparable homes to 3005 Bay Villas Drive?
There are currently no comparable homes to 3005 Bay Villas Drive.
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