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Okaloosa 32578 Southwind
4401 Windlake Drive
$750,000
● House - Off Market

4401 Windlake Drive

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$4,661
Est. Monthly
$281
HOA / Fees
1.66%
Cap Rate

About This Property

Discover this exquisite custom home located on the golf course nestled in the prestigious gated Southwind community of Bluewater Bay. Embrace luxury living with upscale features including an expansive gourmet kitchen and walk-in pantry perfect for hosting memorable gatherings. A  well manicured outdoor living space featuring a  saltwater pool with glass tile accents, a built in fire pit, and expansive pool deck all overlooking the golf course. Inside you will find a captivating main-level master suite boasting a lavish spa-inspired master bath and walk in shower. An additional room on the first floor can easily be converted into a fourth bedroom. Natural light flows into the open living areas, offering panoramic views of your private backyard oasis. A new roof was installed in 2022.
Unit Size
-
Days on Market
51 days
Land Size
0.33 acres
Price per sqft
-
Property Type
House
Property Taxes
$605
HOA Dues
$281
Year Built
1991

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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 #951881)

Price History

Date / Event Date Event Price
Jul 29, 2024 Sold
Premium
Sold
Jun 8, 2024 Listed by Better Homes and Gardens Real Estate Emerald Coast $769,000
Listed by Better Homes and Gardens Real Estate Emerald Coast
Nov 18, 2022 Sold
Premium
Sold
May 7, 2018 Sold
Premium
Sold
Jun 6, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • 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: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 572
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,406
  • Total Building Area: 3,650
  • Gross Building Area: 3,650
  • Building Area: 2,722
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,722
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHWIND PH VI
  • Land Acres: 0000000331
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SOUTHWIND PH VI UNIT 13

Neighborhood

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

Geography

  • Assessors Map Reference: 40
  • Subdivision Phase Number: 6
  • Parcel: 26-1S-22-461F-0000-0130
  • Lot: 13
  • Meridian: SEC 26 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4667
  • Longitude: -86.4277

    Address

  • Full Address: 4401 Windlake Dr
  • Legal Unit: 13
  • Address - House Number: 4401
  • Address - Street Name: Windlake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R007
  • 4-Digit Zip Code: 4812
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,202
  • Tax Year: 2023
  • Tax Amount: $725,412
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1947
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 712,787
  • High Value: 851,632
  • Low Value: 573,941

    Market Valuation

  • Market Total Value: $602,285
  • Market Land Value: $122,211
  • Market Improvement Value: $480,074

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $602,285
  • Assessed Land Value: $122,211
  • Assessed Improvements Value: $480,074

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Nov 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3591917
  • Previous Sale Recording Date: May 07, 2018
  • Previous Sale Contract Date: May 04, 2018
  • Previous Sale Amount: $529,000
  • 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 Bluewater Bay

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

67

Average Home Size

2074 ft²

Average Home Age

30.9 years

Currently For Sale

51 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: John J Holahan, Better Homes and Gardens Real Estate Emerald Coast
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 951881
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 4401 Windlake Drive built and last sold?
The property at 4401 Windlake Drive was built in 1991 and last sold on Nov 18, 2022 for $700,000.
How much is this home worth?
The estimated value of the home located at 4401 Windlake Drive is $0.
What are some comparable homes to 4401 Windlake Drive?
There are currently no comparable homes to 4401 Windlake Drive.
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