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Miramar Beach 32550
31 Opal Cove
$290,000
● House - Off Market

31 Opal Cove

Miramar Beach, FL 32550
bedrooms
2 Beds
bathrooms
3 Baths
square feet
1,358 Ft²
$507,323
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

Emerald Shores is a GATED community of 95 homes, 2 pools w/ bath houses, basketball, tennis and DEEDED BEACH ACCESS! The Beachfront Pavilion has bathrooms, sun deck, picnic area & free sunsets! The subdivision is accessible from both the north & south thru gated entrances & sits between Hwy 98 & Scenic Gulf Drive. In the summer there is a shuttle to take you to the beach & ALL landscaping in handled by the HOA. This is family owned & has never rented, however, rental projections are available. Freshly painted inside & out, nicely furnished and rental ready including all furnishings & electronics. Both bedrooms are upstairs & have adjoining full baths, there is also a full bath downstairs with outside access from the pool or beach! Plenty of parking & outdoor living space. A MUST SEE!
Unit Size
1,358 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$221
Property Type
House
Property Taxes
$187
HOA Dues
$1,197
Year Built
1994

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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 #751001)

Price History

Date / Event Date Event Price
Feb 9, 2018 Sold
Premium
Sold
Jul 7, 2016 Sold
Premium
Sold
Apr 20, 2016 Listed by The Lisa Snuggs Real Estate Group $299,900
Listed by The Lisa Snuggs Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,367
  • Lot Size Depth Feet: 570
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,358
  • Gross Building Area: 1,358
  • Building Area: 1,358
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,358
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD SHORES OF SOUTH WALTON
  • Land Acres: 0000000077
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 91 EMERALD SHORES OF SOUTH WALTON S/D PB 9-33 OR 1030-28 OR 1083-1 OR 1366-115 OR 1449-15 OR 1919-343 OR 2097-135 OR 3014-4117 OR 3065-434 OR 3065-435 OR 3107-2959

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42830-000-0910
  • Block: 9
  • Lot: 91
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3839
  • Longitude: -86.3961

    Address

  • Full Address: 31 Opal Cv
  • Address - House Number: 31
  • Address - Street Name: Opal
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5222
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,489
  • Tax Year: 2022
  • Tax Amount: $397,860
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2647
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 700,145
  • High Value: 885,506
  • Low Value: 514,785

    Market Valuation

  • Market Total Value: $495,161
  • Market Land Value: $117,039
  • Market Improvement Value: $378,122

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $495,161
  • Assessed Land Value: $117,039
  • Assessed Improvements Value: $378,122

    Sales

  • Current Sale Contract Date: Feb 02, 2018
  • Current Sale Recording Date: Feb 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018000004272
  • Previous Sale Recording Date: Jul 07, 2016
  • Previous Sale Contract Date: Jul 05, 2016
  • Previous Sale Amount: $290,000
  • 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:

$735,000

Sale Price/ft²

$498

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1712 ft²

Average Home Age

26.6 years

Currently For Sale

988 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: Lisa R Snuggs, The Lisa Snuggs Real Estate Group
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 751001
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 31 Opal Cove built and last sold?
The property at 31 Opal Cove was built in 1994 and last sold on Feb 2, 2018 for $335,000.
How much is this home worth?
The estimated value of the home located at 31 Opal Cove is $0.
What are some comparable homes to 31 Opal Cove?
There are currently no comparable homes to 31 Opal Cove.
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