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Walton 32459
37 Red Cedar Way
$920,000
● House - Off Market

37 Red Cedar Way

Santa Rosa Beach, FL 32459
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,798 Ft²
$1,674,068
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

3 Bedroom, 3 bath single story Florida cottage! One block away from Camp WaterColor Pool and Playground. This home has an open living area and is great for entertaining! The kitchen offers upgraded stainless steel appliances and has an island. Each bedroom is complete with its own bathroom. And there is a large screened in porch for relaxing! Enjoy all the amenities that Watercolor has to offer and just minutes from the beautiful white sandy beaches!
Unit Size
1,798 Ft²
Days on Market
-
Land Size
-
Price per sqft
$553
Property Type
House
Property Taxes
$610
HOA Dues
$1,085
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 #758619)

Price History

Date / Event Date Event Price
Oct 11, 2022 Sold
Premium
Sold
Aug 19, 2022 No longer available -
No longer available
Jul 8, 2022 Relisted $2,395,000
Relisted
Jun 17, 2022 No longer available -
No longer available
Jun 10, 2022 Listed by The Beach Group Properties LLC $2,395,000
Listed by The Beach Group Properties LLC
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,894
  • Total Building Area: 2,108
  • Gross Building Area: 2,108
  • Building Area: 2,108
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,108
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATER COLOR
  • Land Acres: 0000000135
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 35 EASTERN COVE AT WATER COLOR PB 15-24 OR 2437-679 OR 2612-4197 OR 2718-489 OR 2838-340 OR 3029-1935 OR 3269-2654

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950606

Geography

  • Assessors Map Reference: S3-15-19
  • Parcel: 15-3S-19-25415-000-0350
  • Block: 3
  • Lot: 35
  • Meridian: SEC 15 TWN 03S RNG 019
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3268
  • Longitude: -86.1325

    Address

  • Full Address: 37 Red Cedar Way
  • Address - House Number: 37
  • Address - Street Name: Red Cedar
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H011
  • 4-Digit Zip Code: 5988
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,024
  • Tax Year: 2022
  • Tax Amount: $1,154,029
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 60
  • Final Value: 2,243,145
  • High Value: 2,860,198
  • Low Value: 1,626,093

    Market Valuation

  • Market Total Value: $1,439,015
  • Market Land Value: $646,587
  • Market Improvement Value: $792,428

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,439,015
  • Assessed Land Value: $646,587
  • Assessed Improvements Value: $792,428

    Sales

  • Current Sale Contract Date: Oct 04, 2022
  • Current Sale Recording Date: Oct 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45036
  • Previous Sale Recording Date: Dec 27, 2016
  • Previous Sale Contract Date: Dec 16, 2016
  • Previous Sale Amount: $920,000
  • 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 Walton

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$425

Below Asking

0.02%

Average Days on Market

97

Average Home Size

2260 ft²

Average Home Age

17.5 years

Currently For Sale

2365 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: Andy Wiggins, The Beach Group Properties LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 758619
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 37 Red Cedar Way built and last sold?
The property at 37 Red Cedar Way was built in 2004 and last sold on Oct 4, 2022 for $2,275,000.
How much is this home worth?
The estimated value of the home located at 37 Red Cedar Way is $2,273,276.
What are some comparable homes to 37 Red Cedar Way?
There are currently no comparable homes to 37 Red Cedar Way.
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