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Okaloosa 32541 Indian Lake
4002 Drifting Sand Trail Trail
$555,000
● House - Off Market

4002 Drifting Sand Trail Trail

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
$3,341
Est. Monthly
$285
HOA / Fees

About This Property

BRAND NEW ROOF installed October 2025! Discover your piece of paradise in the heart of Destin. Set in the desirable Indian Lakes community, this 3-bed/2-bath home pairs a split-bedroom layout with an airy, vaulted great room for easy everyday living and entertaining. The redesigned kitchen features white shaker cabinetry, quartz counters, an oversized island, and a full stainless suite, including a 5-burner gas range with dual convection and a French-door refrigerator with dual ice makers. A remote-controlled gas fireplace anchors the living space. Durable wood-look tile runs throughout the main areas, and both baths showcase light cabinetry with quartz tops. Practical upgrades include a tankless water heater (2017) and an updated A/C (2024).
Unit Size
-
Days on Market
26 days
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$232
HOA Dues
$285
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 12 months ago (ECAR #988733)

Price History

Date / Event Date Event Price
Nov 26, 2025 Sold
Premium
Sold
Nov 8, 2025 In contract -
In contract
Oct 22, 2025 Listed by The Premier Property Group $575,000
Listed by The Premier Property Group
Jun 25, 2018 Sold
Premium
Sold
Jan 19, 2017 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 9
  • 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: 441
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,912
  • Total Building Area: 2,420
  • Gross Building Area: 2,420
  • Building Area: 1,808
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,808
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN LAKE PH IV
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: INDIAN LAKE PH IV LOT 114 LESS THAT PORTION IN LOT 114 DESCRIBED AS SUCH

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023304

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 4
  • Parcel: 00-2S-22-4516-0000-1140
  • Block: 1
  • Lot: 114
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3929
  • Longitude: -86.4591

    Address

  • Full Address: 4002 Drifting Sand Trl
  • Address - House Number: 4002
  • Address - Street Name: Drifting Sand
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Destin
  • Carrier Code: C002
  • 4-Digit Zip Code: 3364
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,102
  • Tax Year: 2023
  • Tax Amount: $283,175
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 572,875
  • High Value: 685,288
  • Low Value: 460,462

    Market Valuation

  • Market Total Value: $422,053
  • Market Land Value: $117,201
  • Market Improvement Value: $304,852

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,507

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 20, 2018
  • Current Sale Recording Date: Jun 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3215627
  • Previous Sale Recording Date: Jan 19, 2017
  • Previous Sale Contract Date: Dec 22, 2016
  • Previous Sale Amount: $590,000
  • Previous Sale Document Type: 55
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 Lake

Stats & Trends

Median Asking:

$252,450

Sale Price/ft²

$235

Below Asking

0.02%

Average Days on Market

94

Average Home Size

1038 ft²

Average Home Age

26.1 years

Currently For Sale

15 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: Mariya Calkins, The Premier Property Group
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 988733
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 4002 Drifting Sand Trail built and last sold?
The property at 4002 Drifting Sand Trail was built in 2002 and last sold on Jun 20, 2018 for $400,000.
How much is this home worth?
The estimated value of the home located at 4002 Drifting Sand Trail is $580,750.
What are some comparable homes to 4002 Drifting Sand Trail?
There are currently no comparable homes to 4002 Drifting Sand Trail.
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