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Santa Rosa 32565
5217 Meadows Drive
$275,000
● House - Off Market

5217 Meadows Drive

Jay, FL 32565
bedrooms
4 Beds
bathrooms
2 Baths
$1,586
Est. Monthly

About This Property

Attractively priced, this large 4 bedroom 2 bath HUD REO home may be the one you are looking for. Originally built in 1976, this all brick home rests on just under 15 acres and comes with both an attached 2 car garage and a massive detached 2 car garage//workshop. Both garages have semi finished spaces above the garage adding a significant amount of square footage that is not including in the homes 2700 square foot foot print. Unique to this year is the split bedroom design with the master being just off the kitchen/laundry area which is where the rear exit door is located. Home currently has wall to wall carpet, fireplace, dining area x 2, and living room. If looking for acreage, this just may be the one!
Unit Size
-
Days on Market
142 days
Land Size
14.70 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976

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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 #971504)

Price History

Date / Event Date Event Price
Aug 8, 2025 Sold
Premium
Sold
Jun 3, 2025 In contract -
In contract
Mar 14, 2025 Listed by Assurance Realty of NWFL LLC $323,000
Listed by Assurance Realty of NWFL LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 761
  • Parking Space Count: 240
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 640,332
  • Total Building Area: 3,867
  • Gross Building Area: 3,867
  • Building Area: 3,867
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,727
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000014700
  • Standard Land Use Code: 8008
  • County Land Use Code: 005200
  • State Land Use Code: 052
  • Legal Description 1: OR 350 PG 253 & OR 342 PG 60 LESS OR 484 PG 217

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010200

Zoning

  • Zoning: AG-RR

Geography

  • Assessors Map Reference: MAP 31 PG 33
  • Parcel: 13-5N-30-0000-00703-0000
  • Meridian: SEC 13 TWN 5N RNG 30W
  • Municipality: JAY SUBURB
  • Latitude: 30.9521
  • Longitude: -87.2042

    Address

  • Full Address: 5217 Meadows Dr
  • Address - House Number: 5217
  • Address - Street Name: Meadows
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Jay
  • Carrier Code: R004
  • 4-Digit Zip Code: 1741
  • Zip Code: 32565

Valuation

    Tax

  • Total Area: 3,241
  • Tax Year: 2023
  • Tax Amount: $154,071
  • Tax Rate Code Area: 0020

    Market Valuation

  • Market Total Value: $293,773
  • Market Land Value: $65,340
  • Market Improvement Value: $228,433

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,185

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes
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 Santa Rosa

Stats & Trends

Median Asking:

$384,900

Sale Price/ft²

$201

Above Asking

0.77%

Average Days on Market

77

Average Home Size

2084 ft²

Average Home Age

15.7 years

Currently For Sale

520 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: Cosmo M Spellings, Assurance Realty of NWFL LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 971504
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 5217 Meadows Drive built and last sold?
The property at 5217 Meadows Drive was built in 1976 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5217 Meadows Drive is $0.
What are some comparable homes to 5217 Meadows Drive?
There are currently no comparable homes to 5217 Meadows Drive.
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