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Miramar Beach 32550
416 Sandy Cay Drive
$395,000
● House - Off Market

416 Sandy Cay Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,635 Ft²
$699,176
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

4 bedroom, 2 bath, furnished home with private swimming pool and great rental history. Tile floors, granite counter tops and stainless steel appliances. Split bedroom floor plan with vaulted ceiling in living/dining areas. This home is offered furnished with a Golf Cart. Paradise Retreat is a Gated Community with 2 Entrances and Private Beach Access. Don't miss out on this opportunity to purchase a piece of Paradise.
Unit Size
1,635 Ft²
Days on Market
-
Land Size
-
Price per sqft
$254
Property Type
House
Property Taxes
$198
HOA Dues
$708
Year Built
2004

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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 #763526)

Price History

Date / Event Date Event Price
Dec 27, 2021 Sold
Premium
Sold
Oct 20, 2021 No longer available -
No longer available
Aug 31, 2021 Price Increased $839,995
↑ $80K (10.5%)
Price Increased
Aug 31, 2021 Relisted $759,995
Relisted
Jul 30, 2021 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,578
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,073
  • Gross Building Area: 2,073
  • Building Area: 1,653
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,653
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARADISE RETREAT
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 20 BLK C PARADISE RETREAT PB 15-72 OR 2618-2291 OR 2638-642 OR 2655-3667 OR 2657-490 OR 2679-2943 OR 3026-4679 OR 3231-1870

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42790-00C-0200
  • Block: C
  • Lot: 20
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3815
  • Longitude: -86.394

    Address

  • Full Address: 416 Sandy Cay Dr
  • Address - House Number: 416
  • Address - Street Name: Sandy Cay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 8259
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,891
  • Tax Year: 2022
  • Tax Amount: $525,032
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2647
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 876,139
  • High Value: 1,108,094
  • Low Value: 644,185

    Market Valuation

  • Market Total Value: $566,535
  • Market Land Value: $45,898
  • Market Improvement Value: $520,637

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $566,535
  • Assessed Land Value: $45,898
  • Assessed Improvements Value: $520,637

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210063788
  • Previous Sale Recording Date: Nov 23, 2016
  • Previous Sale Contract Date: Oct 31, 2016
  • Previous Sale Amount: $395,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$500

Below Asking

0.02%

Average Days on Market

82

Average Home Size

1705 ft²

Average Home Age

26.6 years

Currently For Sale

976 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: William A Flynn, Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 763526
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 416 Sandy Cay Drive built and last sold?
The property at 416 Sandy Cay Drive was built in 2004 and last sold on Dec 10, 2021 for $780,000.
How much is this home worth?
The estimated value of the home located at 416 Sandy Cay Drive is $0.
What are some comparable homes to 416 Sandy Cay Drive?
There are currently no comparable homes to 416 Sandy Cay Drive.
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