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Okaloosa 32578 Caribbean South
418 Aruba Way
$295,000
● House - Off Market

418 Aruba Way

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,434 Ft²
$524,409
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

This stunning Florida contemporary has it all! Upgrades grace the eat-in kitchen with granite countertops, stainless appliances, and updated fixtures. Spacious master suite has walk-in closet, screened porch with water view, large master bath with double vanity, sunken jetted tub, and walk-in shower. Additional bedrooms have walk-in closets and walk-out patios! Gas fireplace is the focal point of the living and dining room. Skylights and vaulted ceilings make this home light and bright, while the Florida room overlooks the backyard and lake. Numerous upgrades: laminate and tile flooring, new paint, newly textured ceilings, new A/C and tankless gas hot water heater 2013, metal roof, security system, aluminum fence, outdoor shed and gas grill connection.
Unit Size
2,434 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$127
Property Type
House
Property Taxes
$183
HOA Dues
$65
Year Built
1985

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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 MLS #750626)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold
Premium
Sold
Jul 15, 2016 Sold
Premium
Sold
Apr 13, 2016 Listed by Keller Williams Realty Nville $310,000
Listed by Keller Williams Realty Nville
Jul 24, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
With View
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 11
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,596
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,115
  • Gross Building Area: 3,115
  • Building Area: 2,037
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,037
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARIBBEAN VIL @ BWB
  • Land Acres: 0000000289
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CARIBBEAN VIL @ BWB UNIT 2 LOT 10 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021001

Geography

  • Assessors Map Reference: 40
  • Parcel: 26-1S-22-4765-000A-0100
  • Block: A
  • Lot: 10
  • Meridian: SEC 26 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4725
  • Longitude: -86.4228

    Address

  • Full Address: 418 Aruba Way
  • Legal Unit: 2
  • Address - House Number: 418
  • Address - Street Name: Aruba
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Niceville
  • Carrier Code: R007
  • 4-Digit Zip Code: 4070
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,717
  • Tax Year: 2023
  • Tax Amount: $219,633
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.0805
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 543,582
  • High Value: 587,342
  • Low Value: 499,822

    Market Valuation

  • Market Total Value: $380,804
  • Market Land Value: $92,676
  • Market Improvement Value: $288,128

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,761

    Sales

  • Current Sale Contract Date: Mar 22, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3678087
  • Previous Sale Recording Date: Jul 24, 2008
  • Previous Sale Contract Date: Jul 18, 2008
  • Previous Sale Amount: $282,000
  • 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 Bluewater Bay

Stats & Trends

Median Asking:

$483,750

Sale Price/ft²

$259

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2125 ft²

Average Home Age

31.6 years

Currently For Sale

69 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: Molly Butler, Keller Williams Realty Nville
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 750626
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 418 Aruba Way built and last sold?
The property at 418 Aruba Way was built in 1985 and last sold on Mar 22, 2024 for $545,000.
How much is this home worth?
The estimated value of the home located at 418 Aruba Way is $328,545.
What are some comparable homes to 418 Aruba Way?
There are currently no comparable homes to 418 Aruba Way.
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