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Destin 32541 Spring Lake
312 Beach Drive
$335,500
● House - Off Market

312 Beach Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,042 Ft²
$620,536
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Brand new home in the heart of Destin! Just completed and move-in ready! Low maintenance brick and hardy plank exterior and a great floor plan featuring a spacious, open living area with great room, dining area, kitchen with granite counters, center island with breakfast bar, stainless appliances and pantry. Master suite has large walk-in closet, bath with walk-in shower, tub, double vanities, private water closet. Two additional bedrooms and full bath are on the opposite side of the home. Loads of features including impact resistant windows, granite in all baths, 9 foot ceilings, 8 foot doors, trayed ceiling in great room, recessed lighting, porcelain tile floors, large back porch, privacy fenced lot, Two car garage. This one won't last long!
Unit Size
2,042 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$166
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
2014

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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 #714753)

Price History

Date / Event Date Event Price
Apr 5, 2019 Sold
Premium
Sold
Mar 9, 2019 No longer available -
No longer available
Feb 1, 2019 Price Decreased $415,250
↓ $250 (0.1%)
Price Decreased
Jan 27, 2019 Listed by Coldwell Banker Realty $415,500
Listed by Coldwell Banker Realty
Mar 31, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • 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: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,255
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 3,051
  • Gross Building Area: 3,051
  • Building Area: 2,034
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,034
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING LAKE 2ND ADD
  • Land Acres: 0000000213
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SPRING LAKE 2ND ADD LOT 1 BLK P

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2371-000P-0010
  • Block: P
  • Lot: 1
  • Municipality: DESTIN
  • Latitude: 30.3985
  • Longitude: -86.4905

    Address

  • Full Address: 312 Beach Dr
  • Address - House Number: 312
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2406
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,483
  • Tax Year: 2023
  • Tax Amount: $333,753
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 617,590
  • High Value: 738,778
  • Low Value: 496,403

    Market Valuation

  • Market Total Value: $498,588
  • Market Land Value: $112,046
  • Market Improvement Value: $386,542

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $317,918

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 05, 2019
  • Current Sale Recording Date: Apr 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3269410
  • Previous Sale Recording Date: Mar 31, 2015
  • Previous Sale Contract Date: Mar 30, 2015
  • Previous Sale Amount: $335,428
  • 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 Spring Lake

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$271

Below Asking

0.02%

Average Days on Market

95

Average Home Size

1984 ft²

Average Home Age

46.5 years

Currently For Sale

2 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: John A Cook, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 714753
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 312 Beach Drive built and last sold?
The property at 312 Beach Drive was built in 2014 and last sold on Apr 5, 2019 for $399,000.
How much is this home worth?
The estimated value of the home located at 312 Beach Drive is $425,092.
What are some comparable homes to 312 Beach Drive?
There are currently no comparable homes to 312 Beach Drive.
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