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Okaloosa 32541 Emerald Lakes
305 Wimico Circle
$252,000
● House - Off Market

305 Wimico Circle

Destin, FL 32541
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,782 Ft²
$480,449
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model

About This Property

Beautifully decorated and exceptionally well-maintained property for your next home!Brick and stucco home on a corner lot has lake view. House has Pella windows upgrade; light fixtures, fans, oiled-bronze hardware, travertine flooring are other improvements. A new owner will also enjoy 2-zone surround sound, custom Levolor blinds, and open space. Great room area has natural light, stainless steel appliances, pendant lighting over breakfast bar. Split floor plan with master suite separate from other bedrooms. HVAC replaced in 2013.House also has hurricane shutters for window openings. Neighborhood is conveniently located and offers a pool and tennis court. (Buyer to confirm all fees, measurements, and other information. Washer and dryer do not convey.)
Unit Size
1,782 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$146
Property Type
House
Property Taxes
$131
HOA Dues
$226
Year Built
2001

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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 #720202)

Price History

Date / Event Date Event Price
Aug 2, 2023 Sold
Premium
Sold
Jun 22, 2023 No longer available -
No longer available
Jun 20, 2023 Listed by Crye-Leike Coastal Realty $570,000
Listed by Crye-Leike Coastal Realty
Feb 26, 2021 Sold
Premium
Sold
Feb 18, 2015 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • 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: 420
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,796
  • Total Building Area: 2,420
  • Gross Building Area: 2,420
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 19
  • Heated Square Feet: 1,782
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH III LOT 72

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-0981-0000-0720
  • Lot: 72
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3969
  • Longitude: -86.4044

    Address

  • Full Address: 305 Wimico Cir
  • Address - House Number: 305
  • Address - Street Name: Wimico
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 0716
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,043
  • Tax Year: 2023
  • Tax Amount: $426,945
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 582,460
  • High Value: 680,737
  • Low Value: 484,183

    Market Valuation

  • Market Total Value: $401,634
  • Market Land Value: $94,118
  • Market Improvement Value: $307,516

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,634
  • Assessed Land Value: $94,118
  • Assessed Improvements Value: $307,516

    Sales

  • Current Sale Contract Date: Aug 01, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3639169
  • Previous Sale Recording Date: Feb 26, 2021
  • Previous Sale Contract Date: Feb 22, 2021
  • Previous Sale Amount: $419,900
  • 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 Emerald Lakes

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$319

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2336 ft²

Average Home Age

24.4 years

Currently For Sale

8 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: Suzanne M Sweatt, Crye-Leike Coastal Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 720202
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 305 Wimico Circle built and last sold?
The property at 305 Wimico Circle was built in 2001 and last sold on Aug 1, 2023 for $570,000.
How much is this home worth?
The estimated value of the home located at 305 Wimico Circle is $0.
What are some comparable homes to 305 Wimico Circle?
There are currently no comparable homes to 305 Wimico Circle.
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