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Okaloosa 32578 Raintree Estates
466 Olde Post Road
$664,250
● House - Off Market

466 Olde Post Road

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
3 Baths
$3,690
Est. Monthly
$150
HOA / Fees
3.20%
Cap Rate

About This Property

Wonderful home in Raintree Estates with a pool.
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
House
Property Taxes
$278
HOA Dues
$150
Year Built
1983

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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 #982478)

Price History

Date / Event Date Event Price
Aug 5, 2025 Sold
Premium
Sold
Jul 30, 2025 Listed by Carriage Hills Realty Inc $664,250
Listed by Carriage Hills Realty Inc
Mar 12, 2010 Sold
Premium
Sold
Jul 5, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,598
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,874
  • Gross Building Area: 3,874
  • Building Area: 2,988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAINTREE EST
  • Land Acres: 0000000358
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: RAINTREE EST LOT 6 BLK 1

Neighborhood

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

Geography

  • Assessors Map Reference: 40
  • Parcel: 26-1S-22-2130-0001-0060
  • Block: 1
  • Lot: 6
  • Meridian: SEC 26 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4602
  • Longitude: -86.4202

    Address

  • Full Address: 466 Olde Post Rd
  • Address - House Number: 466
  • Address - Street Name: Olde Post
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Niceville
  • Carrier Code: R004
  • 4-Digit Zip Code: 3906
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,392
  • Tax Year: 2023
  • Tax Amount: $325,411
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 717,453
  • High Value: 856,806
  • Low Value: 578,100

    Market Valuation

  • Market Total Value: $526,253
  • Market Land Value: $140,251
  • Market Improvement Value: $386,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $311,944

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 24, 2009
  • Current Sale Recording Date: Mar 12, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2622239
  • Previous Sale Recording Date: Jul 05, 2005
  • Previous Sale Contract Date: Jun 29, 2005
  • Previous Sale Amount: $370,000
  • 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:

$496,500

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1968 ft²

Average Home Age

31.7 years

Currently For Sale

47 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: Sherri L Zimmerman, Carriage Hills Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 982478
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 466 Olde Post Road built and last sold?
The property at 466 Olde Post Road was built in 1983 and last sold on Nov 24, 2009 for $40,000.
How much is this home worth?
The estimated value of the home located at 466 Olde Post Road is $0.
What are some comparable homes to 466 Olde Post Road?
There are currently no comparable homes to 466 Olde Post Road.
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