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Destin 32541 Sovereign Isle
4573 Woodwind Drive
$599,000
● House - Off Market

4573 Woodwind Drive

Destin, FL 32541
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,282 Ft²
$786,989
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Beautiful Victorian in Sovereign Isle, This charming neighborhood has only 38 homes and is 3 blocks from the beach! 5 Bedroom 3.5 baths 2 Car garage. This beach vacation rental is ready to rent. Lower level contains open layout main living area, complete with a cozy gas fireplace, separate dining room, kitchen with updated stainless-steel appliances, master with en-suite, guest bedroom and powder room. Second floor boasts two guest bedrooms (one with a balcony), guest bath and a second master with en-suite.
Unit Size
2,282 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$262
Property Type
House
Property Taxes
$469
HOA Dues
$408
Year Built
2001

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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 #855758)

Price History

Date / Event Date Event Price
Dec 10, 2020 Sold
Premium
Sold
Sep 21, 2020 Listed by Coldwell Banker Realty $599,000
Listed by Coldwell Banker Realty
May 21, 2018 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 340
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,672
  • Total Building Area: 2,988
  • Gross Building Area: 2,988
  • Building Area: 2,282
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,282
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOVEREIGN ISLE S/D
  • Land Acres: 0000000107
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SOVEREIGN ISLE S/D LOT 15 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0412-000A-0150
  • Block: A
  • Lot: 15
  • Municipality: DESTIN
  • Latitude: 30.3868
  • Longitude: -86.4162

    Address

  • Full Address: 4573 Woodwind Dr
  • Address - House Number: 4573
  • Address - Street Name: Woodwind
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 3674
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,579
  • Tax Year: 2023
  • Tax Amount: $742,412
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 885,508
  • High Value: 1,035,566
  • Low Value: 735,451

    Market Valuation

  • Market Total Value: $711,965
  • Market Land Value: $275,000
  • Market Improvement Value: $436,965

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $711,965
  • Assessed Land Value: $275,000
  • Assessed Improvements Value: $436,965

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3413986
  • Previous Sale Recording Date: May 21, 2018
  • Previous Sale Contract Date: May 18, 2018
  • 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 Sovereign Isle

Stats & Trends

Median Asking:

$924,450

Sale Price/ft²

$382

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2555 ft²

Average Home Age

17.8 years

Currently For Sale

0 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

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Paige A Brown, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 855758
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 4573 Wood Wind Drive built and last sold?
The property at 4573 Wood Wind Drive was built in 2001 and last sold on Dec 7, 2020 for $599,000.
How much is this home worth?
The estimated value of the home located at 4573 Wood Wind Drive is $0.
What are some comparable homes to 4573 Wood Wind Drive?
There are currently no comparable homes to 4573 Wood Wind Drive.
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