See Home Value
Walton 32459
480 Sugar Drive
$1,250,000
● House - Off Market

480 Sugar Drive

Santa Rosa Beach, FL 32459
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,790 Ft²
$7,576
Est. Monthly
1.44%
Cap Rate

About This Property

Recent interior painting ensures a fresh aesthetic, and the seller is now offering a $20,000 concession at closing! Main AC and apartment AC above the garage were replaced in 2024.  Upstairs AC was replaced in 2021.  This stunning lakefront estate, situated on over an acre of meticulously landscaped grounds, boasts of 200 feet of pristine waterfront and offers a prime investment opportunity.  The property's potential for development into a bed and breakfast or yoga retreat is substantial.  Priced under $300 per square foot, this exceptional property presents a unique opportunity for renovation and value enhancement.  Upon entering, discover an entertainer's paradise, complete with a grand horseshoe drive that sets the tone for an unforgettable lakeside experience.  The first floor features a cozy day room with a fireplace, a theater room, and a well-appointed kitchen with a chef-inspired design.  The primary suite serves as a serene oasis, complete with a king-sized bed, separate sitting areas, and a luxuirous en-suite bath.  Three additional guest bedrooms and a private pied-a-terre above the garage provide comfort and privacy for all guests.  Outdoor amenities include an oversized, screened-in pool, a freshwater lake, and a freestanding hot tub.  The property's lack of an HOA provides new owners with the freedom to add any additional amenities they desire.
Unit Size
4,790 Ft²
Days on Market
-
Land Size
1.22 acres
Price per sqft
$291
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
1990

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Cap Rate Calculator

Last updated: 2 years ago (ECAR MLS #951891)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Sold
Dec 20, 2024 In contract -
In contract
Dec 2, 2024 Price Decreased $1,394,000
↓ $5K (0.4%)
Price Decreased
Jun 8, 2024 Listed by Keller Williams Realty Destin $1,399,000
Listed by Keller Williams Realty Destin
Jan 19, 2011 Sold
Sold
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 910
  • Parking Space Count: 0
  • Patio Type: 70
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 53,013
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 4,790
  • Gross Building Area: 4,790
  • Building Area: 4,790
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,790
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHORTLINE LAKE EST
  • Land Acres: 0000001217
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOTS 12 & 13 BLK A PHASE I OF SHORTLINE LAKE EST PB 7 PG 49 OR 648-90 OR 949-311 OR 1974-407 OR 2840-4355 OR 2857-4942

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950604

Geography

  • Assessors Map Reference: S2-33-20
  • Subdivision Phase Number: 1
  • Parcel: 33-2S-20-33300-00A-0120
  • Block: A
  • Lot: 120
  • Meridian: SEC 33 TWN 02S RNG 020
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3678
  • Longitude: -86.2548

    Address

  • Full Address: 480 Sugar Dr
  • Address - House Number: 480
  • Address - Street Name: Sugar
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H002
  • 4-Digit Zip Code: 3610
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 4,668
  • Tax Year: 2022
  • Tax Amount: $774,770
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,504,519
  • High Value: 1,848,247
  • Low Value: 1,160,790

    Market Valuation

  • Market Total Value: $938,990
  • Market Land Value: $336,996
  • Market Improvement Value: $601,994

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $938,990
  • Assessed Land Value: $336,996
  • Assessed Improvements Value: $601,994

    Sales

  • Current Sale Contract Date: Nov 29, 2010
  • Current Sale Recording Date: Jan 19, 2011
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1143877
  • Previous Sale Recording Date: Apr 30, 2010
  • Previous Sale Contract Date: Apr 30, 2010
  • Previous Sale Amount: $221,100
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton


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Frequently Asked Questions

When was property at 480 Sugar Drive built and last sold?
The property at 480 Sugar Drive was built in 1990 and last sold on Nov 29, 2010 for $440,000.
How much is this home worth?
The estimated value of the home located at 480 Sugar Drive is $1,412,990.
What are some comparable homes to 480 Sugar Drive?
There are currently no comparable homes to 480 Sugar Drive.