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Miramar Beach 32550
3587 Preserve Lane
$3,600,000
● House - Off Market

3587 Preserve Lane

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
4 Baths
square feet
3,795 Ft²
$19,868
Est. Monthly
$475
HOA / Fees
0.17%
Cap Rate

About This Property

Like New Home at Burnt Pine on the Golf Course at Sandestin Golf and Beach Resort.

This One of a Kind Open Floor Plan Home has it All. 3 Bedrooms, Office, Club Room 4 Baths, High Ceilings, Hardwood Floors, Brick Walls and a Spectacular Pool and Outdoor Living Area with Summer Kitchen and Fireplace.
Unit Size
3,795 Ft²
Days on Market
-
Land Size
-
Price per sqft
$988
Property Type
House
Property Taxes
$979
HOA Dues
$475
Year Built
2019

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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 #963388)

Price History

Date / Event Date Event Price
Dec 5, 2024 Sold
Premium
Sold
Nov 20, 2024 Listed by Paradise Property Brokers Inc $3,750,000
Listed by Paradise Property Brokers Inc
Oct 24, 2023 Sold
Premium
Sold
Apr 4, 2017 Sold
Premium
Sold
Feb 13, 2008 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • 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: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 488
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 28,847
  • Total Building Area: 4,283
  • Gross Building Area: 4,283
  • Building Area: 3,795
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,795
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BURNT PINE
  • Land Acres: 0000000662
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 3587 PRESERVE AT BURNT PINE S/D PB 14-67 OR 2415-1161 OR 2785-1105 OR 3037-2656

Neighborhood

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

Geography

  • Assessors Map Reference: S2-23-21
  • Parcel: 23-2S-21-42800-000-3587
  • Block: 35
  • Lot: 3587
  • Meridian: SEC 23 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.4047
  • Longitude: -86.3147

    Address

  • Full Address: 3587 Preserve Ln
  • Address - House Number: 3587
  • Address - Street Name: Preserve
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 1854
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 4,547
  • Tax Year: 2022
  • Tax Amount: $1,162,628
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 2,570,676
  • High Value: 3,233,457
  • Low Value: 1,907,896

    Market Valuation

  • Market Total Value: $1,834,004
  • Market Land Value: $429,348
  • Market Improvement Value: $1,404,656

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,292,706

    Sales

  • Current Sale Contract Date: Oct 23, 2023
  • Current Sale Recording Date: Oct 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 38379
  • Previous Sale Recording Date: Apr 04, 2017
  • Previous Sale Contract Date: Mar 31, 2017
  • Previous Sale Amount: $337,000
  • 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

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ECAR

Listed by: Clifford W Milam, Paradise Property Brokers Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 963388
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 3587 Preserve Lane built and last sold?
The property at 3587 Preserve Lane was built in 2019 and last sold on Oct 23, 2023 for $3,200,000.
How much is this home worth?
The estimated value of the home located at 3587 Preserve Lane is $0.
What are some comparable homes to 3587 Preserve Lane?
There are currently no comparable homes to 3587 Preserve Lane.
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