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Destin 32541 Indian Woods
3928 Mesa Road
$470,000
● House - Off Market

3928 Mesa Road

Destin, FL 32541
bedrooms
4 Beds
bathrooms
2 Baths
$2,718
Est. Monthly
$100
HOA / Fees
4.58%
Cap Rate

About This Property

Beautifully renovated 4BR/2BA home in sought-after Indian Woods, Destin! This move-in ready gem backs up to a serene natural preserve for added privacy. Enjoy fresh paint throughout, brand new flooring, 2024 Upgraded A/C unit, 2019 hot water heater, new roof 2022 and stylish updates inside and out. The spacious living room features soaring cathedral ceilings, creating an open, airy feel. All TV's and wall furnishings are included with the sale. Interior furnishings can be purchased separately. All exterior furniture and the outdoor kitchen included in with the home. Conveniently located near beaches, dining, and shopping! A rare opportunity in a prime location!
Unit Size
-
Days on Market
107 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$167
HOA Dues
$100
Year Built
1999

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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 #979334)

Price History

Date / Event Date Event Price
Oct 7, 2025 Sold
Premium
Sold
Sep 1, 2025 In contract -
In contract
Jul 23, 2025 Price Decreased $499,000
↓ $15K (2.9%)
Price Decreased
Jul 17, 2025 Price Decreased $514,000
↓ $5K (1%)
Price Decreased
Jun 22, 2025 Listed by 1 Percent Lists Florida Coast $519,000
Listed by 1 Percent Lists Florida Coast
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,155
  • Total Building Area: 2,518
  • Gross Building Area: 2,518
  • Building Area: 1,946
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,946
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN WOODS
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: INDIAN WOODS LOT 23 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-1291-000A-0230
  • Block: A
  • Lot: 23
  • Municipality: DESTIN
  • Latitude: 30.4066
  • Longitude: -86.472

    Address

  • Full Address: 3928 Mesa Rd
  • Address - House Number: 3928
  • Address - Street Name: Mesa
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Destin
  • Carrier Code: C006
  • 4-Digit Zip Code: 2061
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,188
  • Tax Year: 2023
  • Tax Amount: $195,228
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 539,014
  • High Value: 644,430
  • Low Value: 433,599

    Market Valuation

  • Market Total Value: $403,129
  • Market Land Value: $101,902
  • Market Improvement Value: $301,227

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,960

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 18, 2008
  • Current Sale Recording Date: Sep 19, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2521556
  • Previous Sale Recording Date: Sep 01, 2005
  • Previous Sale Contract Date: Aug 16, 2005
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 40
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 Indian Woods

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$270

Below Asking

0.01%

Average Days on Market

99

Average Home Size

1444 ft²

Average Home Age

29.2 years

Currently For Sale

0 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: Chad A Roig, 1 Percent Lists Florida Coast
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 979334
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 3928 Mesa Road built and last sold?
The property at 3928 Mesa Road was built in 1999 and last sold on Sep 18, 2008 for $240,700.
How much is this home worth?
The estimated value of the home located at 3928 Mesa Road is $0.
What are some comparable homes to 3928 Mesa Road?
There are currently no comparable homes to 3928 Mesa Road.
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