$455,000
●
Condo -
Off Market
4062 Beachside 1 Drive #4062
Miramar Beach, FL 32550
2 Beds
2 Baths
1,177 Ft²
$895,840
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model
About This Property
SPECTACULAR GULF AND BEACH VIEWS FROM THIS 2 BEDROOM, 2 BATH CONDO.
THIS IS A PRIME LOCATION ON THE 6TH FLOOR OF BEACHSIDE ONE IN THE
SANDESTIN RESORT. BEAUTIFUL OPEN AND SPACIOUS FLOOR PLAN PROVIDES
COMFORT AS WELL AS GREAT GULF VIEWS THROUGHOUT THE UNIT. THIS
PROPERTY HAS BEEN REMODELED AND IS A MUST SEE. ENJOY THIS CONDO AND
ALL THE AMENITIES THAT SANDESTIN HAS TO OFFER INCLUDING THE BEACH,
GOLF, THE MARINA, THE VILLAGE AT BAYTOWNE WHARF, TENNIS, SHOPPING,
DINING, NATURE TRAILS, HEALTH CLUB AND SPA, AND SEVERAL SWIMMING
POOLS. THIS UNIT IS CURRENTLY A VACATION RENTAL AND OFFERS A GREAT
INVESTMENT OPPORTUNITY TO A BUYER. PROPERTY IS OFFERED FULLY
FURNISHED AND RENTAL READY.
Unit Size
1,177 Ft²
Days on Market
-
Land Size
-
Price per sqft
$408
Property Type
Condo
Property Taxes
-
HOA Dues
$717
Year Built
-
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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 #612517)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2014 | Sold | ||
| Sold | |||
| Feb 6, 2014 | Listed by Ocean Reef Realty Inc | $480,000 | |
| Listed by Ocean Reef Realty Inc | |||
Property Highlights
Air Conditioning
Elevator
Parking Details
Parking Features: Guest
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Breakfast Bar, Floor Tile, Furnished - All, Walls Mirrored, Window Treatment All
Appliances: Dishwasher, Disposal, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector
Rooms: 5
Exterior Details
Property Condition: Construction Complete
Year Built: 1982
Construction Materials: Concrete
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Public Sewer, Public Water
Location Details
Association Fee Includes: Ground Keeping, Insurance, Management, Master Association, Cable TV, Trash
Association Fee Frequency: Monthly
Association Fee2: $717
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/06/2014
|
2 Bed
|
2 Bath
|
1177 ft²
|
$480,000
2 Bed
2 Bath
1177 ft²
|
$455,000
-5.21%
11/03/2014
|
Joe Taylor III
Ocean Reef Realty Inc
|
Building Info
About Miramar Beach
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Listed by: Joe Taylor III, Ocean Reef Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 612517
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 612517
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