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Okaloosa 32541 Indian Lake
4091 Drifting Sand Trail
$548,000
● House - Off Market

4091 Drifting Sand Trail

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
$3,298
Est. Monthly
$250
HOA / Fees
3.04%
Cap Rate

About This Property

SPACIOUS OPEN FLOOR PLAN LOCATED IN VERY DESIRABLE SUBDIVISION.  UPGRADES INCLUDE NEW CARPET, NEW PAINT, CHAIR HEIGHT TOILETS AND NEW ROOF IN APRIL 2021.  HOUSE HAS INSTALLED ACCORDIAN HURRICANE SHUTTERS WITH EASY CLOSE.

LOT IS LARGE ENOUGH FOR A POOL.

VERY WELL MAINTAINED HOME READY TO MOVE IN!!!
Unit Size
-
Days on Market
38 days
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$357
HOA Dues
$250
Year Built
1999

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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 #976489)

Price History

Date / Event Date Event Price
Jun 23, 2025 Sold
Premium
Sold
Jun 7, 2025 In contract -
In contract
May 15, 2025 Listed by Destin Beach Realty LLC $548,000
Listed by Destin Beach Realty LLC
Apr 9, 2010 Sold
Premium
Sold
Jun 3, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • 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: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,669
  • Total Building Area: 2,665
  • Gross Building Area: 2,665
  • Building Area: 1,806
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,806
  • 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: 0000000199
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: INDIAN LAKE PH III LOT 41

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-4517-0000-0410
  • Block: 1
  • Lot: 41
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3912
  • Longitude: -86.455

    Address

  • Full Address: 4091 Drifting Sand Trl
  • Address - House Number: 4091
  • 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: 2,074
  • Tax Year: 2023
  • Tax Amount: $410,148
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 535,181
  • High Value: 639,732
  • Low Value: 430,631

    Market Valuation

  • Market Total Value: $405,571
  • Market Land Value: $117,201
  • Market Improvement Value: $288,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $405,571
  • Assessed Land Value: $117,201
  • Assessed Improvements Value: $288,370

    Sales

  • Current Sale Contract Date: Apr 07, 2010
  • Current Sale Recording Date: Apr 09, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2627345
  • Previous Sale Recording Date: Jun 03, 2003
  • Previous Sale Contract Date: May 30, 2003
  • Previous Sale Amount: $195,000
  • 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

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ECAR

Listed by: Wanda K Greer, Destin Beach Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 976489
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 4091 Drifting Sand Trail built and last sold?
The property at 4091 Drifting Sand Trail was built in 1999 and last sold on Apr 7, 2010 for $215,000.
How much is this home worth?
The estimated value of the home located at 4091 Drifting Sand Trail is $0.
What are some comparable homes to 4091 Drifting Sand Trail?
There are currently no comparable homes to 4091 Drifting Sand Trail.
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