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Niceville 32578 Water Oaks
404 Regatta Drive
$610,000
● House - Off Market

404 Regatta Drive

Niceville, FL 32578
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$4,006
Est. Monthly
$550
HOA / Fees
2.25%
Cap Rate

About This Property

Welcome to 404 Regatta Drive! This sought after Townhome community rarely has properties available! Imagine parking your boat in the backyard, jet skis, paddle board, kayak and more possibilities! Longtime owners are going to miss the serene views and convenience! This 2 bedroom, 2.5 bath home with an office checks many boxes. Community has an oasis feel to it as a large portion of the property is natural with mature oaks and still has a beautiful pool and picnic area along with an updated Pickle Ball/ Tennis court and Basketball to boot! There is a gazebo as well!
Unit Size
-
Days on Market
26 days
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$461
HOA Dues
$550
Year Built
1984

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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 #951498)

Price History

Date / Event Date Event Price
Jul 1, 2024 Sold
Premium
Sold
Jun 1, 2024 Listed by Bayside Realty NWF $610,000
Listed by Bayside Realty NWF
Jul 15, 2003 Sold
Premium
Sold
Jul 2, 2001 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,299
  • Total Building Area: 2,478
  • Gross Building Area: 2,478
  • Building Area: 1,730
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,730
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATER OAKS II T/H
  • Land Acres: 0000000099
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: WATER OAKS II T/H LOT 21

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021101

Geography

  • Assessors Map Reference: 23
  • Parcel: 06-1S-22-2620-0000-0210
  • Lot: 21
  • Meridian: SEC 06 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5203
  • Longitude: -86.4925

    Address

  • Full Address: 404 Regatta Dr
  • Address - House Number: 404
  • Address - Street Name: Regatta
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: C001
  • 4-Digit Zip Code: 2463
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,114
  • Tax Year: 2023
  • Tax Amount: $552,791
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 541,093
  • High Value: 646,191
  • Low Value: 435,995

    Market Valuation

  • Market Total Value: $425,294
  • Market Land Value: $140,390
  • Market Improvement Value: $284,904

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $425,294
  • Assessed Land Value: $140,390
  • Assessed Improvements Value: $284,904

    Sales

  • Current Sale Contract Date: Jul 11, 2003
  • Current Sale Recording Date: Jul 15, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2034396
  • Previous Sale Recording Date: Jul 02, 2001
  • Previous Sale Contract Date: Jun 29, 2001
  • Previous Sale Amount: $227,300
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Water Oaks

Stats & Trends

Median Asking:

$695,000

Sale Price/ft²

$363

Below Asking

0.04%

Average Days on Market

113

Average Home Size

1716 ft²

Average Home Age

42.5 years

Currently For Sale

2 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: Christopher E Schwantz, Bayside Realty NWF
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 951498
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 404 Regatta Drive built and last sold?
The property at 404 Regatta Drive was built in 1984 and last sold on Jul 11, 2003 for $280,000.
How much is this home worth?
The estimated value of the home located at 404 Regatta Drive is $0.
What are some comparable homes to 404 Regatta Drive?
There are currently no comparable homes to 404 Regatta Drive.
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