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Miramar Beach 32550
51 Whitecap Way
$218,000
● House - Off Market

51 Whitecap Way

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,485 Ft²
$546,479
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model

About This Property

A COMFORTABLE FIT FOR ANY BUDGET! Beautiful all brick home with a spacious split floor floor plan, a huge kitchen overlooking the great room, separate dining room, and an oversized & private back yard. Enjoy the Seaspray Community swimming pool, and deeded beach access. A short distance to Silver Sands Outlet Mall, great restaurants, post office, grocery store, hospital, and much more!
Unit Size
1,485 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
-
HOA Dues
$600
Year Built
2000

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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 MLS #549233)

Price History

Date / Event Date Event Price
Oct 17, 2017 Sold
Premium
Sold
Mar 25, 2014 Sold
Premium
Sold
Feb 1, 2012 Sold
Premium
Sold
Nov 10, 2010 Listed by Emerald Coast Properties Inc $239,000
Listed by Emerald Coast Properties Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2005
  • 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: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,385
  • Total Building Area: 1,880
  • Gross Building Area: 1,880
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEASPRAY
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 23 SEASPRAY PB 14-18 OR 2306-1264 OR 2882-4570 OR 2945-3330 OR 3055-1252

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Geography

  • Assessors Map Reference: S2-28-21
  • Parcel: 28-2S-21-42600-000-0230
  • Block: 2
  • Lot: 23
  • Meridian: SEC 28 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3775
  • Longitude: -86.3569

    Address

  • Full Address: 51 Whitecap Way
  • Address - House Number: 51
  • Address - Street Name: Whitecap
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 7100
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,738
  • Tax Year: 2022
  • Tax Amount: $226,203
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2647
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 681,044
  • High Value: 861,348
  • Low Value: 500,740

    Market Valuation

  • Market Total Value: $435,394
  • Market Land Value: $93,729
  • Market Improvement Value: $341,665

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $282,255

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 2017
  • Current Sale Recording Date: Oct 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017000034492
  • Previous Sale Recording Date: Mar 25, 2014
  • Previous Sale Contract Date: Mar 21, 2014
  • Previous Sale Amount: $289,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$740,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1704 ft²

Average Home Age

26.5 years

Currently For Sale

983 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: Howard B Dolgoff, Emerald Coast Properties Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 549233
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 51 Whitecap Way built and last sold?
The property at 51 Whitecap Way was built in 2000 and last sold on Oct 13, 2017 for $327,500.
How much is this home worth?
The estimated value of the home located at 51 Whitecap Way is $0.
What are some comparable homes to 51 Whitecap Way?
There are currently no comparable homes to 51 Whitecap Way.
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