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Okaloosa 32541 Emerald Lakes
325 Serina Cove
$285,000
● House - Off Market

325 Serina Cove

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,469 Ft²
$558,205
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

EMERALD LAKES: 3 Bedroom lake front home located on a private cul-de-sac in gated community of Emerald Lakes. This open floor plan also has a large loft and 2 bedrooms upstairs; each with large closet. The Master Bedroom is located on the first floor with a very spacious walk in closet, dual vanity, large shower, and garden tub. This home also features a large fenced in back yard located on the lake. This home is a must see and offered at $334,000.
Unit Size
2,469 Ft²
Days on Market
-
Land Size
-
Price per sqft
$121
Property Type
House
Property Taxes
-
HOA Dues
$226
Year Built
2002

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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 #605123)

Price History

Date / Event Date Event Price
Jun 16, 2023 Sold
Premium
Sold
May 19, 2023 No longer available -
No longer available
May 10, 2023 Listed by Mainsail Realty Company $650,000
Listed by Mainsail Realty Company
Sep 16, 2014 Sold
Premium
Sold
Sep 21, 2013 Listed by Mainsail Realty Company $299,900
Listed by Mainsail Realty Company
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • 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: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 459
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,870
  • Total Building Area: 3,658
  • Gross Building Area: 3,658
  • Building Area: 2,469
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,469
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH III LOT 31

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-0981-0000-0310
  • Lot: 31
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3971
  • Longitude: -86.4034

    Address

  • Full Address: 325 Serina Cv
  • Address - House Number: 325
  • Address - Street Name: Serina
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 0719
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,944
  • Tax Year: 2023
  • Tax Amount: $492,111
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 760,311
  • High Value: 909,006
  • Low Value: 611,616

    Market Valuation

  • Market Total Value: $516,829
  • Market Land Value: $94,118
  • Market Improvement Value: $422,711

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516,829
  • Assessed Land Value: $94,118
  • Assessed Improvements Value: $422,711

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3630365
  • Previous Sale Recording Date: Sep 16, 2014
  • Previous Sale Contract Date: Sep 11, 2014
  • Previous Sale Amount: $285,000
  • 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 Emerald Lakes

Stats & Trends

Median Asking:

$719,109

Sale Price/ft²

$315

Below Asking

0.02%

Average Days on Market

67

Average Home Size

2382 ft²

Average Home Age

24 years

Currently For Sale

5 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: Clayton F Bonjean, Mainsail Realty Company
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 605123
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 325 Serina Cove built and last sold?
The property at 325 Serina Cove was built in 2002 and last sold on Jun 15, 2023 for $630,000.
How much is this home worth?
The estimated value of the home located at 325 Serina Cove is $0.
What are some comparable homes to 325 Serina Cove?
There are currently no comparable homes to 325 Serina Cove.
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