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Okaloosa 32541 Indian Lake
4047 Drifting Sand Trail
$305,000
● House - Off Market

4047 Drifting Sand Trail

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,159 Ft²
$706,731
RealtyHop Estimate
124.36%
Since Apr 1, 2012
National-US
Primary Model

About This Property

Beautiful 3 bedroom home with circular front drive 1/2 mile from beach in Destin, FL. Nine foot ceilings, new stainless steel appliances and quartz countertops, security system, built in stereo speakers throughout and on patio, central vac, two covered porches, plantation shutters throughout, large laundry room, gas fireplace, large attic space above garage. Mother-in-law plan with jack and jill bath between two guest bedrooms. Open plan, great for entertaining.
Unit Size
2,159 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$146
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998

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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: 2 years ago (ECAR MLS #573322)

Price History

Date / Event Date Event Price
Oct 16, 2020 Sold
Premium
Sold
Apr 5, 2012 Sold
Premium
Sold
Mar 7, 2012 Listed by ListWithFreedom.com $315,000
Listed by ListWithFreedom.com

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,800
  • Total Building Area: 3,251
  • Gross Building Area: 3,251
  • Building Area: 2,159
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,159
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN LAKE PH III
  • Land Acres: 0000000202
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: INDIAN LAKE PH III LOT 19

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-4517-0000-0190
  • Block: 1
  • Lot: 19
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3935
  • Longitude: -86.4543

    Address

  • Full Address: 4047 Drifting Sand Trl
  • Address - House Number: 4047
  • Address - Street Name: Drifting Sand
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Destin
  • Carrier Code: C002
  • 4-Digit Zip Code: 3365
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,625
  • Tax Year: 2023
  • Tax Amount: $360,850
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.2647
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 681,245
  • High Value: 861,597
  • Low Value: 500,894

    Market Valuation

  • Market Total Value: $472,782
  • Market Land Value: $117,201
  • Market Improvement Value: $355,581

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376,576

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Oct 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3399674
  • Previous Sale Recording Date: Apr 05, 2012
  • Previous Sale Contract Date: Mar 30, 2012
  • Previous Sale Amount: $305,000
  • 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 Indian Lake

Stats & Trends

Median Asking:

$224,900

Sale Price/ft²

$234

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1065 ft²

Average Home Age

25.3 years

Currently For Sale

22 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

Rentals Near You

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ECAR

Listed by: James D Tyminski, ListWithFreedom.com
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 573322
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 4047 Drifting Sand Trail built and last sold?
The property at 4047 Drifting Sand Trail was built in 1998 and last sold on Oct 16, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 4047 Drifting Sand Trail is $0.
What are some comparable homes to 4047 Drifting Sand Trail?
There are currently no comparable homes to 4047 Drifting Sand Trail.
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