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Miramar Beach 32550
49 Lake Front Drive
$257,000
● House - Off Market

49 Lake Front Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
$408,257
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

This cute little 3/2 is located in Olde Florida Lakes Subdivision....a well-established community. As the tenant only moved out yesterday, this listing shall be updated within the next 2-3 days with more detail and plenty of pictures will be added after a deep-clean and deep-steam. Please bookmark this and check back soon for more information! Buyer to verify all dimensions.
Unit Size
-
Days on Market
67 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$98
HOA Dues
-
Year Built
2002

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: 9 months ago (ECAR #806867)

Price History

Date / Event Date Event Price
Nov 14, 2018 Sold
Premium
Sold
Sep 3, 2018 Listed by Keller Williams Realty Destin $269,000
Listed by Keller Williams Realty Destin
Jul 10, 2002 Sold
Premium
Sold

Property Highlights

Fireplace
With View
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,922
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,268
  • Gross Building Area: 2,268
  • Building Area: 1,868
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,868
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLDE FLORIDA LAKES PH II
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 17 OLDE FLORIDA LAKES PH II PB 14-45 OR 2418-636 OR 3086-3532 &-3536 OR 3090-1123 OR 3259-4040

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Subdivision Phase Number: 2
  • Parcel: 30-2S-21-42321-000-0170
  • Block: 1
  • Lot: 17
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3905
  • Longitude: -86.3832

    Address

  • Full Address: 49 Lake Front Dr
  • Address - House Number: 49
  • Address - Street Name: Lake Front
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C013
  • 4-Digit Zip Code: 8246
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,977
  • Tax Year: 2022
  • Tax Amount: $194,460
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2713
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 602,117
  • High Value: 765,522
  • Low Value: 438,713

    Market Valuation

  • Market Total Value: $342,924
  • Market Land Value: $46,013
  • Market Improvement Value: $296,911

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $248,003

    Sales

  • Current Sale Contract Date: Nov 13, 2018
  • Current Sale Recording Date: Nov 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018000038133
  • Previous Sale Recording Date: Jul 10, 2002
  • Previous Sale Contract Date: Jul 08, 2002
  • Previous Sale Amount: $149,900
  • Previous Sale Document Type: 20

    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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1706 ft²

Average Home Age

26.5 years

Currently For Sale

977 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: Dean Ladick, Keller Williams Realty Destin
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 806867
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 49 Lake Front Drive built and last sold?
The property at 49 Lake Front Drive was built in 2002 and last sold on Nov 13, 2018 for $257,000.
How much is this home worth?
The estimated value of the home located at 49 Lake Front Drive is $0.
What are some comparable homes to 49 Lake Front Drive?
There are currently no comparable homes to 49 Lake Front Drive.
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