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Okaloosa 32548
511 Circle Drive
$450,000
● House - Off Market

511 Circle Drive

Fort Walton Beach, FL 32548
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,620 Ft²
$941,782
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Rare find, Large Concrete Block Home on over 1 acre of land centrally located on Cinco Bayou! Vast living space for a large family with open floor plan and a Florida room to enjoy the views of the bayou. Open deck out back with a Gazebo and stairs to the backyard and boat dock. There are 73 feet of waterfront property and deep water convenient for boat.
Unit Size
3,620 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

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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 #758148)

Price History

Date / Event Date Event Price
May 13, 2021 Sold
Premium
Sold
Nov 23, 2016 Sold
Premium
Sold
Jul 29, 2016 Listed by World Impact Real Estate $559,000
Listed by World Impact Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 4
  • Full Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,008
  • Lot Size Frontage Feet: 650
  • Total Building Area: 4,060
  • Gross Building Area: 4,060
  • Building Area: 3,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PRYOR S/D
  • Land Acres: 0000001240
  • Standard Land Use Code: 8000
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: PRYOR S/D LOTS 6 & 7 BLK 4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 022500

Geography

  • Assessors Map Reference: 52
  • Parcel: 10-2S-24-2110-0004-0060
  • Block: 4
  • Lot: 6,7
  • Meridian: SEC 10 TWN 02S RNG 24W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4303
  • Longitude: -86.6368

    Address

  • Full Address: 511 Circle Dr
  • Address - House Number: 511
  • Address - Street Name: Circle
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C023
  • 4-Digit Zip Code: 3927
  • Zip Code: 32548

Valuation

    Tax

  • Total Area: 3,936
  • Tax Year: 2023
  • Tax Amount: $603,242
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 641,689
  • High Value: 748,699
  • Low Value: 534,679

    Market Valuation

  • Market Total Value: $493,012
  • Market Land Value: $493,012

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $493,012
  • Assessed Land Value: $493,012

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3454884
  • Previous Sale Recording Date: Nov 23, 2016
  • Previous Sale Contract Date: Nov 14, 2016
  • Previous Sale Amount: $450,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$378,025

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1818 ft²

Average Home Age

28.1 years

Currently For Sale

1678 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: Justin B Myers, World Impact Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 758148
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 511 Circle Drive built and last sold?
The property at 511 Circle Drive was built in 1955 and last sold on May 13, 2021 for $562,000.
How much is this home worth?
The estimated value of the home located at 511 Circle Drive is $0.
What are some comparable homes to 511 Circle Drive?
There are currently no comparable homes to 511 Circle Drive.
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