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Flagler 32174
516 WINGSPAN Drive
$694,890
● House - Off Market

516 WINGSPAN Drive

Ormond Beach, FL 32174
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,086 Ft²
$864,079
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

BRAND NEW CONSTRUCTION Built by ICI Homes and ready summer 2021! Located in Woodbridge Estates; the Egret V is luxury at its finest with an eye catching West Indies Elevation. This home is perfect for those who want to enjoy a large, open floor plan. Enter through a grand gallery style foyer that provides an immediate view into the open living room, covered lanai, and backyard. The view out to the large covered lanai overlooking the preserve brings in plenty of natural light. The living room creates the heart of the home and is complemented by the gourmet kitchen and nook. The master suite features plenty of privacy as well as two large walk-in closets and spacious bath with tub. A functional utility/laundry room is located near the garage for all your storage needs. High end finishes.
Unit Size
3,086 Ft²
Days on Market
-
Land Size
-
Price per sqft
$225
Property Type
House
Property Taxes
-
HOA Dues
$71
Year Built
2021

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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 (Real MLS #1096872)

Price History

Date / Event Date Event Price
Jul 7, 2021 Sold
Premium
Sold
Mar 19, 2021 Sold
Premium
Sold
Sep 27, 2020 Listed by NON MLS (realMLS) $694,890
Listed by NON MLS (realMLS)

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,284
  • Total Building Area: 3,064
  • Gross Building Area: 3,064
  • Building Area: 3,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLANTATION BAY
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 0000
  • Legal Description 1: PLANTATION BAY SEC 2AF, UNIT 4 MB 35 PG 5 LOT 103 OR 1898/1056 OR 1913/1065

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060207

Zoning

  • Zoning: PUD

Geography

  • Section: 2
  • Parcel: 03-13-31-5120-2AF04-1030
  • Block: 2AF0
  • Lot: 103
  • Meridian: SEC 03 TWN 13S RNG 31E
  • Municipality: TOMOKA CDD AREA
  • Latitude: 29.3791
  • Longitude: -81.1631

    Address

  • Full Address: 516 Wingspan Dr
  • Legal Unit: 4
  • Address - House Number: 516
  • Address - Street Name: Wingspan
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Ormond Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 1039
  • Zip Code: 32174

Valuation

    Tax

  • Total Area: 4,843
  • Tax Year: 2022
  • Tax Amount: $1,087,092
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 81
  • Final Value: 950,909
  • High Value: 1,095,573
  • Low Value: 806,245

    Market Valuation

  • Market Total Value: $722,121
  • Market Land Value: $137,500
  • Market Improvement Value: $584,621

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $722,121
  • Assessed Land Value: $137,500
  • Assessed Improvements Value: $584,621

    Sales

  • Current Sale Contract Date: Jun 26, 2021
  • Current Sale Recording Date: Jul 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021037078
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 Flagler

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$201

Below Asking

0.03%

Average Days on Market

78

Average Home Size

2062 ft²

Average Home Age

15.6 years

Currently For Sale

2020 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

Unit for rent at 1028 Kilkenny Lane, FL, 32174

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,501 ft²
1028 Kilkenny Lane, FL, 32174 Listing by Ali Kargar
Unit for rent at 763 Cobblestone Way, ORMOND BEACH, FL, 32174

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,819 ft²
763 Cobblestone Way, ORMOND BEACH, FL, 32174 Listing by Ali Kargar

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: NON MLS (realMLS), NON MLS (realMLS)
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1096872
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 516 Wingspan Drive built and last sold?
The property at 516 Wingspan Drive was built in 2021 and last sold on Jun 26, 2021 for $733,400.
How much is this home worth?
The estimated value of the home located at 516 Wingspan Drive is $0.
What are some comparable homes to 516 Wingspan Drive?
There are currently no comparable homes to 516 Wingspan Drive.
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