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Okaloosa 32541 Indian Lake
4087 Drifting Sand Trail
$525,000
● House - Off Market

4087 Drifting Sand Trail

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
$3,267
Est. Monthly
$250
HOA / Fees
3.05%
Cap Rate

About This Property

Welcome to your dream home in the highly desired Indian Lake neighborhood! This beautifully updated 3-bedroom, 2-bath ranch-style home offers 1,782 square feet of modern living with a bright and open floor plana€''perfect for entertaining or everyday comfort.Situated on a spacious lot, the fully fenced backyard is a private oasis featuring a cozy firepit and plenty of room to add a pool. Inside, you'll find thoughtful renovations throughout, blending style and functionality in every corner. The single-story layout provides ease of living, while the central location puts you minutes from Destin's world-famous beaches, top-rated schools, shopping, dining, and more.Whether you're looking for a forever home, a vacation retreat, or an investment opportunity, this one checks all the boxes.
Unit Size
-
Days on Market
50 days
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$390
HOA Dues
$250
Year Built
2000

Payment Calculator

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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 #973651)

Price History

Date / Event Date Event Price
Jun 2, 2025 Sold
Premium
Sold
Apr 19, 2025 In contract -
In contract
Apr 11, 2025 Listed by EXP Realty LLC $535,000
Listed by EXP Realty LLC
Jun 28, 2022 Sold
Premium
Sold
May 27, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • 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: 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: 441
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,692
  • Total Building Area: 2,801
  • Gross Building Area: 2,801
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,782
  • 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: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: INDIAN LAKE PH III LOT 39

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-4517-0000-0390
  • Block: 1
  • Lot: 39
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3912
  • Longitude: -86.4546

    Address

  • Full Address: 4087 Drifting Sand Trl
  • Address - House Number: 4087
  • 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: 2,158
  • Tax Year: 2023
  • Tax Amount: $465,572
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 590,671
  • High Value: 706,190
  • Low Value: 475,153

    Market Valuation

  • Market Total Value: $437,972
  • Market Land Value: $117,201
  • Market Improvement Value: $320,771

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437,972
  • Assessed Land Value: $117,201
  • Assessed Improvements Value: $320,771

    Sales

  • Current Sale Contract Date: Jun 23, 2022
  • Current Sale Recording Date: Jun 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3560494
  • Previous Sale Recording Date: Mar 18, 2020
  • Previous Sale Contract Date: Mar 12, 2020
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$249,900

Sale Price/ft²

$235

Below Asking

0.02%

Average Days on Market

91

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

Currently no nearby rentals
ECAR

Listed by: Skye D Goldstein, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 973651
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 4087 Drifting Sand Trail built and last sold?
The property at 4087 Drifting Sand Trail was built in 2000 and last sold on Jun 23, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 4087 Drifting Sand Trail is $540,350.
What are some comparable homes to 4087 Drifting Sand Trail?
There are currently no comparable homes to 4087 Drifting Sand Trail.
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