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Walton 32459
38 Gulf Walk
$715,000
● House - Off Market

38 Gulf Walk

Santa Rosa Beach, FL 32459
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,307 Ft²
$1,036,758
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Beautifully designed 3BR/3.5BA home on a large corner lot in one of the few gated neighborhoods on 30A. Great architectural features with a large open floor plan and well placed windows allowing for plenty of natural light. Large first floor master bedroom with a sitting area, perfect for reading and relaxing in private. Granite countertops and hardwood floors throughout. The multiple porches and a large outdoor patio / living area allow for outdoor living and entertaining. Cypress Dunes is a quiet community adjacent to Topsail Beach State Park featuring a well-equipped fitness center, tennis courts and an amazing pool with a view!
Unit Size
2,307 Ft²
Days on Market
-
Land Size
-
Price per sqft
$314
Property Type
House
Property Taxes
$390
HOA Dues
$1,000
Year Built
2006

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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 #833664)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Apr 3, 2022 No longer available -
No longer available
Apr 2, 2022 Listed by Keller Williams Realty SRB $1,290,000
Listed by Keller Williams Realty SRB
Mar 9, 2020 Sold
Premium
Sold
Oct 18, 2019 Listed by Keller Williams Realty SRB $725,000
Listed by Keller Williams Realty SRB
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,132
  • Total Building Area: 2,307
  • Gross Building Area: 2,307
  • Building Area: 2,307
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,307
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CYPRESS DUNES
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 164 CYPRESS DUNES PB 15-74 REPLAT PB 16-43 OR 2849-415 OR 3047-754 OR 3135-4708 OR 3253-1307

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950604

Geography

  • Assessors Map Reference: S2-32-20
  • Parcel: 32-2S-20-33300-000-1640
  • Block: 16
  • Lot: 164
  • Meridian: SEC 32 TWN 02S RNG 020
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3614
  • Longitude: -86.2699

    Address

  • Full Address: 38 Gulf Walk
  • Address - House Number: 38
  • Address - Street Name: Gulf
  • Address - Suffix Type: Walk
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H022
  • 4-Digit Zip Code: 2557
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,492
  • Tax Year: 2022
  • Tax Amount: $647,637
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2693
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 1,288,724
  • High Value: 1,635,785
  • Low Value: 941,663

    Market Valuation

  • Market Total Value: $792,245
  • Market Land Value: $169,697
  • Market Improvement Value: $622,548

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $792,245
  • Assessed Land Value: $169,697
  • Assessed Improvements Value: $622,548

    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: 24236
  • Previous Sale Recording Date: Mar 09, 2020
  • Previous Sale Contract Date: Mar 06, 2020
  • Previous Sale Amount: $72,143
  • 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:

$720,000

Sale Price/ft²

$421

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2298 ft²

Average Home Age

16.9 years

Currently For Sale

2279 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: Tosha Corrigan Group, Keller Williams Realty SRB
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 833664
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 38 Gulf Walk built and last sold?
The property at 38 Gulf Walk was built in 2006 and last sold on May 18, 2022 for $1,290,000.
How much is this home worth?
The estimated value of the home located at 38 Gulf Walk is $1,187,353.
What are some comparable homes to 38 Gulf Walk?
There are currently no comparable homes to 38 Gulf Walk.
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