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Miramar Beach 32550
33 Cobalt Lane
$775,000
● House - Off Market

33 Cobalt Lane

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,754 Ft²
$4,708
Est. Monthly
$233
HOA / Fees
2.13%
Cap Rate

About This Property

Amazing! That is what you'll think when you come look at this Lakefront home near the golf course where you can live in the ''Heart of it All'' the Emerald Bay Way!  Click on the photos to discover: Two Oversized EN-Suite Primary Bedrooms, a nicely appointed 3rd bedroom with private bathroom, & an office with French Doors/Fireplace/Wood Flooring. The screened enclosed pool fronting the lake brings the outdoors in & provides fabulous sunset views. Seller replastered Swimming Pool 09/18/24 and exterior surrounding pool which total cost $8,200.00.

Enjoy Emerald Bay Community with its renowned golf course, low HOA fees, gated security & a plethora of amenities. Seller is conveying an automated Wi-Fi control alarm and Wi-Fi camera security system, as well as Wi-Fi controlled irrigation system
Unit Size
2,754 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$290
Property Type
House
Property Taxes
$549
HOA Dues
$233
Year Built
2004

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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 #957246)

Price History

Date / Event Date Event Price
Feb 12, 2025 Sold
Premium
Sold
Jan 27, 2025 In contract -
In contract
Aug 19, 2024 Listed by Keller Williams Realty Destin $799,500
Listed by Keller Williams Realty Destin
May 23, 2022 Sold
Premium
Sold
Apr 26, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 9
  • 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: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,275
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,260
  • Gross Building Area: 3,260
  • Building Area: 2,754
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,754
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD BAY PH 1A
  • Land Acres: 0000000167
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1 BLK M EMERALD BAY PH 1A PB 9-7 & PB 9-27 OR 2487-780 OR 2633-396 OR 2982-3220 OR 3201-2895 OR 3254-1553 OR 3261-2050

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Subdivision Phase Number: 1A
  • Parcel: 30-2S-21-42910-00M-0010
  • Block: M
  • Lot: 1
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3895
  • Longitude: -86.3918

    Address

  • Full Address: 33 Cobalt Ln
  • Address - House Number: 33
  • Address - Street Name: Cobalt
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5262
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 3,055
  • Tax Year: 2022
  • Tax Amount: $674,257
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 92
  • Final Value: 842,082
  • High Value: 916,860
  • Low Value: 767,304

    Market Valuation

  • Market Total Value: $727,558
  • Market Land Value: $139,286
  • Market Improvement Value: $588,272

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $727,558
  • Assessed Land Value: $139,286
  • Assessed Improvements Value: $588,272

    Sales

  • Current Sale Contract Date: May 18, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24274
  • Previous Sale Recording Date: Jun 08, 2021
  • Previous Sale Contract Date: May 26, 2021
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

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ECAR

Listed by: Laurie Hollowell Team, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 957246
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 33 Cobalt Lane built and last sold?
The property at 33 Cobalt Lane was built in 2004 and last sold on May 18, 2022 for $806,000.
How much is this home worth?
The estimated value of the home located at 33 Cobalt Lane is $0.
What are some comparable homes to 33 Cobalt Lane?
There are currently no comparable homes to 33 Cobalt Lane.
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