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Okaloosa 32541
4397 Bahia Lane
$778,000 - $950,000
● Townhouse - Off Market

4397 Bahia Lane

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2,658 Ft²

About This Property

The Brownstones in the  gated community of Kelly Plantation offers a true Florida Lifestyle including Golf ,Clubhouse, Tennis, Pool, Pickleball, Fitness Center, Walking Trails and a Dog Park. This home is a 3 bedroom 2.5 bath plan with two bedrooms located on the entry level with laundry room and 9'ceilings.The second level  boasts 10' ceilings with a spacious  master bedroom, chefs kitchen with stainless steel appliances-dining area and great room that opens up to a large porch with nature preserve views. The 3rd floor bonus room can be used as a game room, additional storage or office. The spacious 2 car garage offers a secure entry and additional storage space .  Completely repainted and move in ready enjoy maintenance free living in Kelly Plantation.

The manager has listed the unit size as 2658 square feet.
Unit Size
2,658 Ft²
Days on Market
-
Land Size
-
Price per sqft
$325
Property Type
Townhouse
Property Taxes
$568
HOA Dues
-
Year Built
2019

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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.

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Mar 4, 2024 No longer available -
No longer available
Jan 21, 2024 Price Decreased $864,500
↓ $5K (0.5%)
Price Decreased
Dec 8, 2023 Listed $869,000
Listed
May 10, 2023 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 516
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,839
  • Total Building Area: 3,722
  • Gross Building Area: 3,722
  • Building Area: 2,658
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,658
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELLY PLANTATION
  • Land Acres: 0000000065
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • Legal Description 1: BROWNSTONES PH 3@ KELLY PLANTATION LOT 22

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 9
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-2062-0000-0220
  • Lot: 22
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.402
  • Longitude: -86.4315

    Address

  • Full Address: 4397 Bahia Ln
  • Address - House Number: 4397
  • Address - Street Name: Bahia
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Destin
  • Carrier Code: C016
  • 4-Digit Zip Code: 3417
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,166
  • Tax Year: 2023
  • Tax Amount: $765,661
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.0803
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 843,515
  • High Value: 911,332
  • Low Value: 775,699

    Market Valuation

  • Market Total Value: $775,010
  • Market Land Value: $70,000
  • Market Improvement Value: $705,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,010
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $705,010

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3676784
  • Previous Sale Recording Date: May 10, 2023
  • Previous Sale Contract Date: May 05, 2023
  • Previous Sale Amount: $822,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$378,000

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1816 ft²

Average Home Age

28.6 years

Currently For Sale

1650 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

Rentals Near You

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Frequently Asked Questions

When was property at 4397 Bahia Lane built and last sold?
The property at 4397 Bahia Lane was built in 2019 and last sold on Mar 15, 2024 for $818,000.
How much is this home worth?
The estimated value of the home located at 4397 Bahia Lane is $886,886.
What are some comparable homes to 4397 Bahia Lane?
There are currently no comparable homes to 4397 Bahia Lane.
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