For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Miramar Beach 32550
3232 Bay Estates Drive
$6,200,000
● House - Off Market

3232 Bay Estates Drive

Miramar Beach, FL 32550
bedrooms
6 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
9,962 Ft²
$34,357
Est. Monthly

About This Property

Entered For Comp Purposes
Unit Size
9,962 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$622
Property Type
House
Property Taxes
$3,914
HOA Dues
-
Year Built
2012

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 6 months ago (ECAR #1001405)

Price History

Date / Event Date Event Price
Apr 24, 2026 Sold
Premium
Sold
Apr 24, 2026 Listed by Compass $6,200,000
Listed by Compass
Sep 2, 2016 Sold
Premium
Sold
Jun 21, 2011 Sold
Premium
Sold

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Bathroom Plumbing Fixtures: 27
  • 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
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 1,085
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 28,362
  • Total Building Area: 11,047
  • Gross Building Area: 11,047
  • Building Area: 9,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 9,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDESTIN BAY EST PHASE II
  • Land Acres: 0000000651
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 10 BLK A SANDESTIN BAY EST PHASE II PB 8-7 OR 479-189 OR 1441-129 OR 1829-92 OR 2598-433 OR 2608-2335 OR 2868-898 OR 3019-3597

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-23-21
  • Subdivision Phase Number: 2
  • Parcel: 23-2S-21-42110-00A-0100
  • Block: A
  • Lot: 10
  • Meridian: SEC 23 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.401
  • Longitude: -86.3245

    Address

  • Full Address: 3232 Bay Estates Dr
  • Address - House Number: 3232
  • Address - Street Name: Bay Estates
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 7818
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 7,331
  • Tax Year: 2022
  • Tax Amount: $3,215,212
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 5,351,754
  • High Value: 6,555,007
  • Low Value: 4,148,502

    Market Valuation

  • Market Total Value: $3,790,676
  • Market Land Value: $730,907
  • Market Improvement Value: $3,059,769

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,790,676
  • Assessed Land Value: $730,907
  • Assessed Improvements Value: $3,059,769

    Sales

  • Current Sale Contract Date: Aug 31, 2016
  • Current Sale Recording Date: Sep 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016000028692
  • Previous Sale Recording Date: Jun 21, 2011
  • Previous Sale Contract Date: Jun 13, 2011
  • Previous Sale Amount: $660,000
  • 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:

$740,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1704 ft²

Average Home Age

26.5 years

Currently For Sale

983 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

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Spears Group, Compass
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1001405
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 3232 Bay Estates Drive built and last sold?
The property at 3232 Bay Estates Drive was built in 2012 and last sold on Aug 31, 2016 for $2,550,000.
How much is this home worth?
The estimated value of the home located at 3232 Bay Estates Drive is $0.
What are some comparable homes to 3232 Bay Estates Drive?
There are currently no comparable homes to 3232 Bay Estates Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Walton Beaches Homes for Sale
Walton Beaches Houses for Sale
Walton Beaches Condos for Sale
Walton Beaches Townhouses for Sale
Walton Beaches Land for Sale
Walton Beaches Commercial for Sale
Walton Beaches Homes with Basements
Walton Beaches Homes with Pools
Nearby Cities
Panama City Beach Homes for Sale
Miramar Beach Homes for Sale
Destin Homes for Sale
Panama City Homes for Sale
Upper Grand Lagoon Homes for Sale
Wright Homes for Sale
Fort Walton Beach Homes for Sale
Lower Grand Lagoon Homes for Sale
Nearby Property Records
Walton County, FL Property Records
Okaloosa County, FL Property Records
Bay County, FL Property Records
Washington County, FL Property Records
Holmes County, FL Property Records
Santa Rosa County, FL Property Records
Calhoun County, FL Property Records
Geneva County, AL Property Records
Neighborhoods
Santa Rosa Island Real Estate
Downtown Destin Real Estate
Crystal Beach Real Estate
Lynn Haven Real Estate
Bunkers Cove Real Estate
Wild Heron Real Estate
Port Dixie Real Estate
Destin Harbor Real Estate
Nearby Counties
Fort Walton Beach Homes for Sale
Panama City Beaches Homes for Sale
Niceville-Valparaiso Homes for Sale
Freeport Homes for Sale
Southport Homes for Sale
DeFuniak Springs Homes for Sale
Vernon Homes for Sale
Redbay Homes for Sale
Top Real Estate Agents
Top Agents in Walton Beaches
Top Agents in Fort Walton Beach
Top Agents in Panama City Beaches
Top Agents in 32459
Top Agents in 32413
Top Agents in Panama City Beach
Top Agents in 32541
Top Agents in Miramar Beach