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Destin 32541 Crystal Beach
4462 Oceanview Drive
$380,000
● House - Off Market

4462 Oceanview Drive

Destin, FL 32541
bedrooms
6 Beds
bathrooms
4 Baths
square feet
2,600 Ft²
$1,068,151
RealtyHop Estimate
115.79%
Since Oct 1, 2012
National-US
Primary Model

About This Property

When it comes to location & value make sure you see this house. Palm Place Beach Cottage is has 4 BR 3 bath in the main house and the guest house is a 2br 1 bath. Total of 6 bedrooms and 4 baths. Located directly across the street from the neighborhood pool and 1/2 a block away from the beach. The covered deck and porch connects the main house and guest house together and provides a cool & relaxing place to sit at any time of the year. There is plenty of room on the deck both upstairs and downstairs to have big bbq's and outside events. Great rental history, Repeat renters year after year enjoying this home for their summer vacations. Call listing agent for rental history.
Unit Size
2,600 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$190
Property Type
House
Property Taxes
-
HOA Dues
$1,200
Year Built
1998

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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 #577895)

Price History

Date / Event Date Event Price
May 5, 2021 Sold
Premium
Sold
Oct 1, 2012 Sold
Premium
Sold
May 24, 2012 Listed by Sea Coast Realty Group Inc $495,000
Listed by Sea Coast Realty Group Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 646
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,938
  • Total Building Area: 3,968
  • Gross Building Area: 3,968
  • Building Area: 2,686
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,686
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL SHORES
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL SHORES LOT 5

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-059A-0000-0050
  • Lot: 5
  • Municipality: DESTIN
  • Latitude: 30.3842
  • Longitude: -86.4256

    Address

  • Full Address: 4462 Ocean View Dr
  • Address - House Number: 4462
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 5108
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,208
  • Tax Year: 2023
  • Tax Amount: $1,005,820
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,123,945
  • High Value: 1,344,493
  • Low Value: 903,397

    Market Valuation

  • Market Total Value: $1,005,848
  • Market Land Value: $428,185
  • Market Improvement Value: $577,663

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,005,848
  • Assessed Land Value: $428,185
  • Assessed Improvements Value: $577,663

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 3452671
  • Previous Sale Recording Date: Oct 01, 2012
  • Previous Sale Contract Date: Sep 28, 2012
  • Previous Sale Amount: $380,000
  • 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 Crystal Beach

Stats & Trends

Median Asking:

$1,062,500

Sale Price/ft²

$590

Below Asking

0.02%

Average Days on Market

78

Average Home Size

2694 ft²

Average Home Age

25.2 years

Currently For Sale

82 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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ECAR

Listed by: Denise Dufault, Sea Coast Realty Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 577895
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 4462 Ocean View Drive built and last sold?
The property at 4462 Ocean View Drive was built in 1998 and last sold on Apr 30, 2021 for $123,500.
How much is this home worth?
The estimated value of the home located at 4462 Ocean View Drive is $0.
What are some comparable homes to 4462 Ocean View Drive?
There are currently no comparable homes to 4462 Ocean View Drive.
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