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Okaloosa 32578 Southwind
4402 Windlake Drive
$550,000
● House - Off Market

4402 Windlake Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,497 Ft²
$1,148,144
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Waterfront home on Grass Lake Bayou in the gated community of Southwind of Bluewater Bay. Relax and enjoy the sunsets or watch the dolphins, pelicans and ospreys fish and play in the bayou. Fish from the end of your dock or take your boat out on the bay for the day. This custom built one owner home needs some updating but it has ''good bones'' and a very livable floorplan. When you enter through the wide foyer, the view through the large living room will capture your attention. The dining room is open to the living room and beyond that is the Florida room with a built in hot tub! The master bedroom is downstairs as well as an office that could also be the 4th bedroom. A loft, 2 bedrooms and another full bath are upstairs. There is an oversized 3-car garage and a circular paver drivew
Unit Size
3,497 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$184
Property Type
House
Property Taxes
-
HOA Dues
$200
Year Built
1994

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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 #719012)

Price History

Date / Event Date Event Price
May 28, 2020 Sold
Premium
Sold
Jul 1, 2015 Sold
Premium
Sold
Dec 5, 2014 Listed by Keller Williams Realty Nville $644,900
Listed by Keller Williams Realty Nville

Property Highlights

Air Conditioning
Fireplace
Garage
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 811
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 14,736
  • Lot Size Frontage Feet: 920
  • Total Building Area: 5,380
  • Gross Building Area: 5,380
  • Building Area: 3,613
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,613
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHWIND PH VI
  • Land Acres: 0000000338
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SOUTHWIND PH VI UNIT 21

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-0000-0210
  • Lot: 21
  • Meridian: SEC 26 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4662
  • Longitude: -86.4273

    Address

  • Full Address: 4402 Windlake Dr
  • Legal Unit: 21
  • Address - House Number: 4402
  • Address - Street Name: Windlake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R007
  • 4-Digit Zip Code: 4813
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 4,341
  • Tax Year: 2023
  • Tax Amount: $992,956
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 1,333,172
  • High Value: 1,592,117
  • Low Value: 1,074,226

    Market Valuation

  • Market Total Value: $1,149,271
  • Market Land Value: $377,928
  • Market Improvement Value: $771,343

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $870,602

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 22, 2020
  • Current Sale Recording Date: May 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3361284
  • Previous Sale Recording Date: Jul 01, 2015
  • Previous Sale Contract Date: Jun 30, 2015
  • Previous Sale Amount: $550,000
  • 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:

$489,900

Sale Price/ft²

$260

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2109 ft²

Average Home Age

31.5 years

Currently For Sale

65 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

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ECAR

Listed by: Team Busovne, Keller Williams Realty Nville
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 719012
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 4402 Windlake Drive built and last sold?
The property at 4402 Windlake Drive was built in 1994 and last sold on May 22, 2020 for $1,160,000.
How much is this home worth?
The estimated value of the home located at 4402 Windlake Drive is $0.
What are some comparable homes to 4402 Windlake Drive?
There are currently no comparable homes to 4402 Windlake Drive.
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