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Okaloosa 32578 Rocky Bayou
457 Ruckel Drive
$225,000
● Land - Off Market

457 Ruckel Drive

Niceville, FL 32578
bedrooms
Studio
bathrooms
0 Bath
$1,228
Est. Monthly

About This Property

This is ONLY for the land.  The home was damaged in a fire and is being demolished.  Water and sewer available
Unit Size
-
Days on Market
48 days
Land Size
0.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1996

Payment Calculator

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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: 11 months ago (ECAR #986619)

Price History

Date / Event Date Event Price
Nov 19, 2025 Sold
Premium
Sold
Oct 21, 2025 In contract -
In contract
Sep 29, 2025 Listed by EXP Realty LLC $250,000
Listed by EXP Realty LLC
May 25, 2001 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 504
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,322
  • Total Building Area: 3,578
  • Gross Building Area: 3,578
  • Building Area: 2,820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,820
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKY BAYOU CC EST
  • Land Acres: 0000000444
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: ROCKY BAYOU CC EST #9 LOT 19

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: 24
  • Parcel: 04-1S-22-5009-0000-0190
  • Lot: 19
  • Meridian: SEC 04 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.5236
  • Longitude: -86.4522

    Address

  • Full Address: 457 Ruckel Dr
  • Address - House Number: 457
  • Address - Street Name: Ruckel
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R013
  • 4-Digit Zip Code: 1782
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,113
  • Tax Year: 2023
  • Tax Amount: $374,214
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 722,039
  • High Value: 862,283
  • Low Value: 581,796

    Market Valuation

  • Market Total Value: $540,543
  • Market Land Value: $98,324
  • Market Improvement Value: $442,219

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $326,681

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 24, 2001
  • Current Sale Recording Date: May 25, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1841865

    Financing

  • First Mortgage Financing Type: ADJ
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 Rocky Bayou

Stats & Trends

Median Asking:

$687,450

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2789 ft²

Average Home Age

37.5 years

Currently For Sale

14 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: Hiller Group, EXP Realty LLC
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 986619
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 457 Ruckel Drive built and last sold?
The property at 457 Ruckel Drive was built in 1996 and last sold on May 24, 2001 for $260,000.
How much is this home worth?
The estimated value of the home located at 457 Ruckel Drive is $252,500.
What are some comparable homes to 457 Ruckel Drive?
There are currently no comparable homes to 457 Ruckel Drive.
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