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Okaloosa 32578 Shadow Oak
4246 Shadow Lane
$526,000
● House - Off Market

4246 Shadow Lane

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
$2,871
Est. Monthly
4.34%
Cap Rate

About This Property

FALL IN LOVE with this updated POOL home located in the heart of Shadow Oak - a wonderful community with NO HOA! The open concept layout makes perfect use of every square inch and offers 4 bedrooms, 2 full baths, a gorgeous farmhouse kitchen, formal dining room, and an inviting great room with vaulted ceilings and gas fireplace. Each space is well proportioned, immaculately maintained, and super functional. Outside, discover your dream backyard - fully fenced - with a massive, screen-enclosed pool and plenty of open, grassy area for recreation and relaxation! DO NOT MISS the private gate granting direct access to Bluewater Bay via Skipjack Cove! Cruise to Schooners and the Marina Complex in minutes. This is the ONE - don't wait to make your appointment to view 4246 Shadow Lane!
Unit Size
-
Days on Market
102 days
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1997

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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 #968562)

Price History

Date / Event Date Event Price
May 27, 2025 Sold
Premium
Sold
Feb 18, 2025 In contract -
In contract
Feb 13, 2025 Listed by EXP Realty LLC $519,900
Listed by EXP Realty LLC
Apr 20, 2021 Sold
Premium
Sold
Jun 28, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 437
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,999
  • Total Building Area: 2,409
  • Gross Building Area: 2,409
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADOW OAK S/D
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHADOW OAK S/D LOT 53

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021002

Geography

  • Assessors Map Reference: 30
  • Parcel: 15-1S-22-2200-0000-0530
  • Lot: 53
  • Meridian: SEC 15 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4943
  • Longitude: -86.4406

    Address

  • Full Address: 4246 Shadow Ln
  • Address - House Number: 4246
  • Address - Street Name: Shadow
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Niceville
  • Carrier Code: R009
  • 4-Digit Zip Code: 4511
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,087
  • Tax Year: 2023
  • Tax Amount: $381,611
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 490,128
  • High Value: 585,012
  • Low Value: 395,244

    Market Valuation

  • Market Total Value: $359,170
  • Market Land Value: $67,895
  • Market Improvement Value: $291,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $359,170
  • Assessed Land Value: $67,895
  • Assessed Improvements Value: $291,275

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3447789
  • Previous Sale Recording Date: Jun 28, 2018
  • Previous Sale Contract Date: Jun 27, 2018
  • Previous Sale Amount: $340,000
  • 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 Shadow Oak

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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: Carli S Harman, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 968562
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 4246 Shadow Lane built and last sold?
The property at 4246 Shadow Lane was built in 1997 and last sold on Apr 16, 2021 for $420,000.
How much is this home worth?
The estimated value of the home located at 4246 Shadow Lane is $0.
What are some comparable homes to 4246 Shadow Lane?
There are currently no comparable homes to 4246 Shadow Lane.
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