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Miramar Beach 32550
3023 Club Drive
$6,125,000
● House - Off Market

3023 Club Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
6 Baths
square feet
5,800 Ft²
$36,094
Est. Monthly
$475
HOA / Fees
-0.01%
Cap Rate

About This Property

Major Price Reduction! ONE OF A KIND BAYFRONT HOME, SITTING ON 1.5 ACRES, AT THE EXCLUSIVE PRIVATE, GATED NEIGHBORHOOD of BURNT PINE  at SANDESTIN GOLF & BEACH RESORT. This Totally RENOVATED 5800 SQ. FT. Home has  4 Bedrooms Plus Office, 6 Bathrooms  has it ALL! Home was Totally Updated in 2020 with New Roof, Stucco, 3 HVAC units, Generator. Inside the Home has Tall Ceilings, Cypress Beams, Chefs Kitchen, Tall Steel and Glass Doors, Hardwood Floors thru entire house. Private Main Suite is on One Side of the House with the Other 3 Bedrooms with their Own Baths on the other side. Screened Porch with Tall Ceilings, Outdoor Kitchen, Indoor & Outdoor Spa and Large Private Pool. Backyard is Landscaped for Complete Privacy,Fire Pit and a Dock with Lifts for Boats & Jet Skis. Spectacular Sunset
Unit Size
5,800 Ft²
Days on Market
-
Land Size
1.41 acres
Price per sqft
$1,185
Property Type
House
Property Taxes
$1,861
HOA Dues
$475
Year Built
1997

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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: 2 years ago (ECAR MLS #936687)

Price History

Date / Event Date Event Price
Dec 5, 2024 Sold
Premium
Sold
Nov 15, 2023 Listed by Kohls Group LLC $6,875,000
Listed by Kohls Group LLC
Jun 22, 2022 Sold
Premium
Sold
Mar 23, 2022 Sold
Premium
Sold
Mar 8, 2022 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 26
  • 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: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,037
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 61,399
  • Total Building Area: 7,817
  • Gross Building Area: 7,817
  • Building Area: 6,780
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 6,780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDESTIN BAY ESTATES PH I
  • Land Acres: 0000001410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1 SANDESTIN BAY ESTATES PH I PB 8-4 & INT IN COMMON ELEMENTS AS RECD IN OR 465-284 ALSO: PRCL OF LAND LYING BETWEEN LOT 1 SANDESTIN BAY EST PH 1 & LOT 7 THE OAKS AS DESC IN OR 1571-303 LESS: THAT PORTION OF ABOVE AS CONVEYED IN OR 1481-150. O

Neighborhood

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

Zoning

  • Zoning: BAYS

Geography

  • Assessors Map Reference: S2-23-21
  • Subdivision Phase Number: 1,1,7
  • Parcel: 23-2S-21-42100-000-0010
  • Lot: 1
  • Meridian: SEC 23 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.4072
  • Longitude: -86.3223

    Address

  • Full Address: 3023 Club Dr
  • Address - House Number: 3023
  • Address - Street Name: Club
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 4535
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 6,819
  • Tax Year: 2022
  • Tax Amount: $2,232,804
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 61
  • Final Value: 6,574,053
  • High Value: 8,360,901
  • Low Value: 4,787,204

    Market Valuation

  • Market Total Value: $3,590,679
  • Market Land Value: $1,839,907
  • Market Improvement Value: $1,750,772

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,447,481

    Sales

  • Current Sale Contract Date: Jun 20, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 21
  • Current Sale Input Document Number: 29210
  • Previous Sale Recording Date: Mar 23, 2022
  • Previous Sale Contract Date: Mar 18, 2022
  • Previous Sale Amount: $6,600,000
  • 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:

$719,450

Sale Price/ft²

$490

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1724 ft²

Average Home Age

26.5 years

Currently For Sale

679 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: Greg Kohls, Kohls Group LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 936687
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 3023 Club Drive built and last sold?
The property at 3023 Club Drive was built in 1997 and last sold on Jun 20, 2022 for $6,600,000.
How much is this home worth?
The estimated value of the home located at 3023 Club Drive is $6,741,678.
What are some comparable homes to 3023 Club Drive?
There are currently no comparable homes to 3023 Club Drive.
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