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Miramar Beach 32550
5197 Beachwalk Drive
$567,500
● House - Off Market

5197 Beachwalk Drive

Miramar Beach, FL 32550
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$643,579
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Situated among majestic pines and lush landscaping, this lakefront villa offers an abundance of space for family and friends to relax, reconnect, and unwind in luxury and comfort at the beach. Natural light flows through the renovated kitchen with plenty of cabinet storage into an open dining / living area with higher ceilings and wall to wall glass doors that capture the expansive lake views. Enjoy tranquil, panoramic lake views and balmy beach breezes from the private deck overlooking Horseshoe Lake. Upstairs, the master suite provides lake views and a renovated bath complete with walk in shower, and an oversized bathtub. The guest suite has a renovated bath and is furnished with two full size beds. Recent renovations include new HVAC, refrigerator, stove, microwave, and water heater.
Unit Size
-
Days on Market
79 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1990

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: 6 months ago (ECAR #884148)

Price History

Date / Event Date Event Price
Jan 11, 2022 Sold
Premium
Sold
Oct 19, 2021 Listed by Platinum Realty LLC $595,000
Listed by Platinum Realty LLC
Jul 5, 2016 Sold
Premium
Sold
Jun 7, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • 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: 1,287
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEACHWALK VILLAS PHASE XI
  • Land Acres: 0000000030
  • Standard Land Use Code: 1002
  • County Land Use Code: 0166
  • State Land Use Code: 01
  • Legal Description 1: LOT 5197 OF BEACHWALK VILLAS PHASE XI PB 8-32 & INT IN COMMON ELEMENTS AS RECD IN OR 642-57 & OR 643-11 OR 1140-71 OR 1660-392 OR 2252-153 OR 2867-1706 OR 3014-1787 OR 3234-650

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-34-21
  • Subdivision Phase Number: XI
  • Parcel: 34-2S-21-42391-000-5197
  • Block: 51
  • Lot: 5197
  • Meridian: SEC 34 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3746
  • Longitude: -86.3341

    Address

  • Full Address: 5197 Beachwalk Dr
  • Address - House Number: 5197
  • Address - Street Name: Beachwalk
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 4239
  • Zip Code: 32550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $318,289
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 646,338
  • High Value: 791,547
  • Low Value: 501,130

    Market Valuation

  • Market Total Value: $409,500
  • Market Improvement Value: $409,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $409,500
  • Assessed Improvements Value: $409,500

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1476
  • Previous Sale Recording Date: Jul 05, 2016
  • Previous Sale Contract Date: Jul 01, 2016
  • Previous Sale Amount: $328,000
  • 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

$502

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

Rentals Near You

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ECAR

Listed by: Ginger J Lundstrom, Platinum Realty LLC
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 884148
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 5197 Beachwalk Drive built and last sold?
The property at 5197 Beachwalk Drive was built in 1990 and last sold on Jan 7, 2022 for $567,500.
How much is this home worth?
The estimated value of the home located at 5197 Beachwalk Drive is $0.
What are some comparable homes to 5197 Beachwalk Drive?
There are currently no comparable homes to 5197 Beachwalk Drive.
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