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Walton 32413
35 Pelican Circle
$7,700,000
● House - Off Market

35 Pelican Circle

Inlet Beach, FL 32461
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,700 Ft²
$40,805
Est. Monthly

About This Property

Entered for Comp Purposes. Sold as-is
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$2,852
Property Type
House
Property Taxes
$2,996
HOA Dues
-
Year Built
1979

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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 #988695)

Price History

Date / Event Date Event Price
Oct 30, 2025 Sold
Premium
Sold
Aug 16, 2025 Listed by EXP Realty LLC $7,700,000
Listed by EXP Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,144
  • Lot Size Depth Feet: 2,210
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,492
  • Gross Building Area: 2,732
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COXS ADDITION TO CAMP CREEK LAKE
  • Land Acres: 0000000692
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1 COXS ADDITION TO CAMP CREEK LAKE S/D PB 18 PG 31 A REPLAT OF LOT 1 BLK A CAMP CREEK LAKE S/D PB 5 PG 12 OR 1849-294

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950611

Geography

  • Assessors Map Reference: S3-28-18
  • Parcel: 28-3S-18-16074-000-0010
  • Block: A
  • Lot: 1
  • Meridian: SEC 28 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.2919
  • Longitude: -86.0553

    Address

  • Full Address: 35 Pelican Cir
  • Address - House Number: 35
  • Address - Street Name: Pelican
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Inlet Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 7018
  • Zip Code: 32461

Valuation

    Tax

  • Total Area: 2,511
  • Tax Year: 2022
  • Tax Amount: $2,892,457
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 75
  • Final Value: 5,609,019
  • High Value: 6,661,791
  • Low Value: 4,556,248

    Market Valuation

  • Market Total Value: $3,605,654
  • Market Land Value: $2,719,500
  • Market Improvement Value: $886,154

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,605,654
  • Assessed Land Value: $2,719,500
  • Assessed Improvements Value: $886,154
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 Walton

Stats & Trends

Median Asking:

$719,000

Sale Price/ft²

$421

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2294 ft²

Average Home Age

16.9 years

Currently For Sale

2288 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: Karen M Holder, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 988695
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 35 Pelican Circle built and last sold?
The property at 35 Pelican Circle was built in 1979 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 35 Pelican Circle is $7,453,031.
What are some comparable homes to 35 Pelican Circle?
There are currently no comparable homes to 35 Pelican Circle.
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