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Niceville 32578 Rocky Bayou
32 Derby Downs Circle
$897,000
● House - Off Market

32 Derby Downs Circle

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
4 Baths
$5,471
Est. Monthly
$550
HOA / Fees
1.46%
Cap Rate

About This Property

VA Assumable! Pristine custom built by premier builder: gunite salt-water pool in the heart of Niceville!  4 bdrms (each bedroom has attached full bath).  Open concept floorplan hosts kitchen with wood cabinets, quartz countertops, coffee/beverage area & stainless-steel appliances.  Room off kitchen can be used as office/butler's pantry.  Private Guest suite, spacious great room w/gas fireplace & built-ins, dining area, laundry room, & master suite round out the main floor. Upstairs: 2 bdrms w/2 full baths,  loft area & large flex room! Additional features: hand scraped wood floors, screened-in porch, corner lot, guest parking, pool tanning shelf, fully paid solar panels saves on utilities, side entry garage, & termite bond.  Buyer to verify deemed important info
Unit Size
-
Days on Market
71 days
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$503
HOA Dues
$550
Year Built
2015

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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 #973720)

Price History

Date / Event Date Event Price
Sep 22, 2025 Sold
Premium
Sold
Sep 5, 2025 In contract -
In contract
Aug 16, 2025 Price Decreased $899,750
↓ $200 (0%)
Price Decreased
Jul 13, 2025 Relisted $899,950
Relisted
Jun 25, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,775
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,811
  • Gross Building Area: 3,811
  • Building Area: 2,945
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,945
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STABLES AT ROCKY BAYOU
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: STABLES AT ROCKY BAYOU LOT 39

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: MAP 5
  • Parcel: 10-1S-22-2000-0000-0390
  • Lot: 39
  • Meridian: SEC 10 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5186
  • Longitude: -86.441

    Address

  • Full Address: 32 Derby Downs Cir
  • Address - House Number: 32
  • Address - Street Name: Derby Downs
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Niceville
  • Carrier Code: R013
  • 4-Digit Zip Code: 2769
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,406
  • Tax Year: 2023
  • Tax Amount: $613,223
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 866,292
  • High Value: 1,034,554
  • Low Value: 698,029

    Market Valuation

  • Market Total Value: $649,753
  • Market Land Value: $90,300
  • Market Improvement Value: $559,453

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $499,720

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 03, 2019
  • Current Sale Recording Date: Apr 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3269503
  • Previous Sale Recording Date: Mar 31, 2015
  • Previous Sale Contract Date: Mar 19, 2015
  • Previous Sale Amount: $477,000
  • 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 Rocky Bayou

Stats & Trends

Median Asking:

$687,450

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2789 ft²

Average Home Age

37.5 years

Currently For Sale

14 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

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ECAR

Listed by: Kelli M Van Pelt, Eagle Bay Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 973720
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 32 Derby Downs Circle built and last sold?
The property at 32 Derby Downs Circle was built in 2015 and last sold on Apr 3, 2019 for $611,000.
How much is this home worth?
The estimated value of the home located at 32 Derby Downs Circle is $0.
What are some comparable homes to 32 Derby Downs Circle?
There are currently no comparable homes to 32 Derby Downs Circle.
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