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Mary Esther 32569
5 Windy Lane
$950,000
● House - Off Market

5 Windy Lane

Mary Esther, FL 32569
bedrooms
4 Beds
bathrooms
3 Baths
$5,554
Est. Monthly

About This Property

One of a kind waterfront cottage hidden away on a large shaded lot. As you drive in through the private entrance, you feel the pressure of the day melting away. When the drive bends into a loop, it opens up to reveal a cute 1930's cottage (needs work) nestled among mature oaks. But revealed behind is a view to take your breath away. A lush new lawn with expansive views of Santa Rosa Sound, intercoastal islands, and SR Island, with the Gulf just on the other side - a boater's playground. The 2 year old dock is ready for your boat, watercraft, fishing rod or sunsets. Original cottage & guest house were connected / updated in 2001. With two living areas, this could be a cozy part-time retreat or comfortable full-time residence - ready for your vision for what it can be.  Make it your own!
Unit Size
-
Days on Market
160 days
Land Size
0.86 acres
Price per sqft
-
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1930

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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: 7 months ago (ECAR #936131)

Price History

Date / Event Date Event Price
Apr 15, 2024 Sold
Premium
Sold
Nov 7, 2023 Listed by Seahorse Realty Inc $1,035,000
Listed by Seahorse Realty Inc
Sep 24, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,297
  • Lot Size Depth Feet: 3,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,312
  • Gross Building Area: 2,312
  • Building Area: 1,983
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,983
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINE OF MACINTIRE S/D
  • Land Acres: 0000000856
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEG SE COR LOT 6 AT W/E N 350 FT W 100 FT S 350 FT E 100 FT TO BEG NOTE: SECTION

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 022900

Geography

  • Assessors Map Reference: 51
  • Parcel: 17-2S-24-0000-0006-0000
  • Block: 6
  • Lot: 6
  • Meridian: SEC 17 TWN 02S RNG 24W
  • Municipality: MARY ESTHER
  • Latitude: 30.4085
  • Longitude: -86.6647

    Address

  • Full Address: 5 Windy Ln
  • Address - House Number: 5
  • Address - Street Name: Windy
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Mary Esther
  • Carrier Code: C004
  • 4-Digit Zip Code: 1905
  • Zip Code: 32569

Valuation

    Tax

  • Total Area: 2,016
  • Tax Year: 2023
  • Tax Amount: $579,942
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1668
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 830,006
  • High Value: 968,495
  • Low Value: 691,517

    Market Valuation

  • Market Total Value: $589,107
  • Market Land Value: $431,549
  • Market Improvement Value: $157,558

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $444,398

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 23, 2015
  • Current Sale Recording Date: Sep 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3023403
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 Mary Esther

Stats & Trends

Median Asking:

$349,500

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1360 ft²

Average Home Age

49.9 years

Currently For Sale

29 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: Gregory M Smith, Seahorse Realty Inc
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 936131
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 5 Windy Lane built and last sold?
The property at 5 Windy Lane was built in 1930 and last sold on Sep 23, 2015 for $430,000.
How much is this home worth?
The estimated value of the home located at 5 Windy Lane is $0.
What are some comparable homes to 5 Windy Lane?
There are currently no comparable homes to 5 Windy Lane.
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