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Freeport 32439
487 Meadow Lake Drive
$550,000
● House - Off Market

487 Meadow Lake Drive

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$3,795
Est. Monthly
$543
HOA / Fees
2.04%
Cap Rate

About This Property

Welcome Home! Offering luxury at an inviting price. This meticulously maintained residence boasts high-end finishes and impressive curb appeal, all within 2,222 square feet of elegant living space. With 3 spacious bedrooms, a versatile large office, and 2.5 stylish bathrooms, this home is designed for comfort and sophistication.

The heart of the home features a gourmet kitchen that seamlessly flows into the living area, perfect for both daily life and entertaining. Highlights include pristine white granite countertops, a built-in convection oven, a 5-burner gas cooktop, and a commercial-size refrigerator. Additional modern conveniences such as an insulated garage door and a tankless gas hot water heater enhance the home's efficiency and appeal Located in The Meadows of Hammock Bay, a coveted neighborhood built by Randy Wise, this home is situated in one of the Emerald Coast's most sought-after areas. Residents enjoy a wealth of amenities, including a massive fitness center, multiple swimming pools, tennis and pickle-ball courts, basketball facilities, scenic walking and biking trails, a dog park, an amphitheater, a restaurant, a convenience store, Bay access, and more.

Don't miss the opportunity to make this luxurious home yours. Contact us today for more information or to schedule your private showing!
Unit Size
-
Days on Market
35 days
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$502
HOA Dues
$543
Year Built
2019

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Last updated: 2 years ago (ECAR #958628)

Price History

Date / Event Date Event Price
Apr 30, 2025 Sold
Sold
Mar 27, 2025 In contract -
In contract
Mar 26, 2025 Relisted $560,000
Relisted
Feb 19, 2025 No longer available -
No longer available
Feb 12, 2025 Price Decreased $560,000
↓ $15K (2.6%)
Price Decreased
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 604
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,326
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,826
  • Gross Building Area: 2,826
  • Building Area: 2,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,222
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAMMOCK BAY PH 2
  • Land Acres: 0000000191
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 55 MEADOWS AT HAMMOCK BAY PH 2 PB 20-1 OR 3059-3397 OR 3135-424 &-426

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950502

Zoning

  • Zoning: HAMBAY

Geography

  • Subdivision Phase Number: 2
  • Parcel: 17-1S-19-23121-000-0550
  • Block: 5
  • Lot: 55
  • Meridian: SEC 17 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.4986
  • Longitude: -86.1747

    Address

  • Full Address: 487 Meadow Lake Dr
  • Address - House Number: 487
  • Address - Street Name: Meadow Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Freeport
  • Carrier Code: R007
  • 4-Digit Zip Code: 2356
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 2,617
  • Tax Year: 2022
  • Tax Amount: $379,132
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.2637
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 618,554
  • High Value: 781,672
  • Low Value: 455,437

    Market Valuation

  • Market Total Value: $428,106
  • Market Land Value: $54,928
  • Market Improvement Value: $373,178

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $332,267

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2020
  • Current Sale Recording Date: Mar 03, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200007673
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 Freeport


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Frequently Asked Questions

When was property at 487 Meadow Lake Drive built and last sold?
The property at 487 Meadow Lake Drive was built in 2019 and last sold on Feb 28, 2020 for $408,799.
How much is this home worth?
The estimated value of the home located at 487 Meadow Lake Drive is $565,600.
What are some comparable homes to 487 Meadow Lake Drive?
There are currently no comparable homes to 487 Meadow Lake Drive.