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Okaloosa 32541 Emerald Lakes
325 Wimico Circle
$367,000
● House - Off Market

325 Wimico Circle

Destin, FL 32541
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$550,411
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Beautiful 4 bedroom, 3 bath home conveniently located in the gated community of Emerald Lakes! Enjoy quick access to Destin Commons, multiple shops and restuarants, Chowctawhatchee Bay and the spectacular beaches of Destin, FL! This lovely home has a large living room, an updated kitchen and a spacious florida room and open deck off the rear of the home! The master bedroom and primary living are both located on the first floor. Additional bedrooms complete the second floor of this well cared for florida home. You'll appreciate the expansive back yard with mature oaks and privacy buffer at the rear of the home. Perfect for full time living or a second home near the beach! All infomation is believed to be accurate, but it is the Buyer's responsibility to confirm.
Unit Size
-
Days on Market
203 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$251
HOA Dues
$275
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: 8 months ago (ECAR #829493)

Price History

Date / Event Date Event Price
Mar 9, 2020 Sold
Premium
Sold
Aug 16, 2019 Listed by Lambert Realty and Development $384,900
Listed by Lambert Realty and Development
Apr 22, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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: 500
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,630
  • Total Building Area: 3,100
  • Gross Building Area: 3,100
  • Building Area: 2,219
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 19
  • Heated Square Feet: 2,219
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD LAKES
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD LAKES PH III REPLAT OF LOT 62

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-0981-0000-0620
  • Lot: 62
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.398
  • Longitude: -86.4053

    Address

  • Full Address: 325 Wimico Cir
  • Address - House Number: 325
  • Address - Street Name: Wimico
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 0716
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,744
  • Tax Year: 2023
  • Tax Amount: $315,263
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 709,283
  • High Value: 847,998
  • Low Value: 570,568

    Market Valuation

  • Market Total Value: $473,609
  • Market Land Value: $78,628
  • Market Improvement Value: $394,981

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,694

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 06, 2020
  • Current Sale Recording Date: Mar 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3343275
  • Previous Sale Recording Date: Apr 22, 2008
  • Previous Sale Contract Date: Apr 18, 2008
  • Previous Sale Amount: $280,000
  • 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:

$749,900

Sale Price/ft²

$319

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2321 ft²

Average Home Age

24.1 years

Currently For Sale

7 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: Nathan T Lambert, Lambert Realty and Development
Last Updated: 8 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 829493
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 Wimico Circle built and last sold?
The property at 325 Wimico Circle was built in 2002 and last sold on Mar 6, 2020 for $367,000.
How much is this home worth?
The estimated value of the home located at 325 Wimico Circle is $0.
What are some comparable homes to 325 Wimico Circle?
There are currently no comparable homes to 325 Wimico Circle.
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