When was property at 56 Ruth Street built and last sold?

The property at 56 Ruth Street was built in 2021 and last sold on May 15, 2020 for $192,500.

How much is this home worth?

The estimated value of the home located at 56 Ruth Street is $0.

What are some comparable homes to 56 Ruth Street?

There are currently no comparable homes to 56 Ruth Street.

Miramar Beach

32550

56 Ruth Street

$1,733,000

● House - Off Market

56 Ruth Street

Miramar Beach, FL 32550

7 Beds

6 Baths

3,079 Ft²

$9,239

Est. Monthly

$425

HOA / Fees

About This Property

Welcome to your next investment opportunity in The Villas of Frangista located in Miramar Beach, FL! This spacious 7-bedroom, 6-bathroom home at 56 Ruth Street offers a prime location with private deeded beach access, making it an ideal vacation rental property. Step inside this 3079 square foot home and discover a well-appointed interior that's perfect for hosting guests. With ample space for indoor/outdoor entertainment and relaxation. The property's vacation rental actuals for 2023 reached an impressive $168,000, and the projection for 2024 is $175,000, showcasing its potential for a lucrative return on investment. Whether you're looking to expand your real estate portfolio or seeking a smart income-generating opportunity, this home is a must-see. The layout offers flexibility for accommodating large groups, and the proximity to the beach ensures a desirable vacation experience for renters. Don't miss out on this chance to own a successful vacation rental property with private beach access. Schedule a showing today and take the first step towards a profitable real estate investment!(

Unit Size

3,079 Ft²

Days on Market

Land Size

0.11 acres

Price per sqft

$583

Property Type

House

Property Taxes

HOA Dues

$425

Year Built

2021

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (ECAR MLS #953903)

Price History

Date / Event	Date	Event
Jan 28, 2025	Sold	Premium
Sold
Jan 13, 2025	In contract	-
In contract
Jul 3, 2024	Listed by Compass	$1,795,000
Listed by Compass
May 26, 2020	Sold	Premium
Sold
Feb 6, 2020	Sold	Premium
Sold

Property Highlights

Building Info

Overview

General

Year Built: 2021

Effective Year Built: 2021
Building Count: 1
Bedroom Count: 7
Bathroom Count: 6
Full Bathrooms: 6
Partial Bathrooms: 6
Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 6
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 14
Floor Count: 300
Floor Cover: 15
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: 4,966

Lot Size Depth Feet: 1,000
Lot Size Frontage Feet: 500
Total Building Area: 0
Building Area: 0

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: FRANGISTA BEACH 2ND ADDITION
Land Acres: 0000000114
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: LOT 6 BLK E FRANGISTA BEACH 2ND ADDITION PB 3-41 OR 1754-243 OR 2619-2550 OR 2619-4022 OR 3062-466 OR 3096-3390 OR 3132-2043 OR 3143-4918 OR 3231-1058

Neighborhood

School District Name: Walton County School District

Census Tract: 950609

Geography

Assessors Map Reference: S2-32-21

Parcel: 32-2S-21-42050-00E-0060
Block: E
Lot: 6
Meridian: SEC 32 TWN 02S RNG 021
Municipality: SOUTH WALTON FIRE
Latitude: 30.3816
Longitude: -86.3777

Address

Full Address: 56 Ruth St

Address - House Number: 56
Address - Street Name: Ruth
Address - Suffix Type: St
State: FL
City Name: Miramar Beach
Zip Code: 32550

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,195,723
Tax Rate Code Area: 007

Appraisal Valuation

Standard Deviation: 0.1876

Valuation Date: Jan 10, 2024
Confidence Score: 75
Final Value: 1,985,400
High Value: 2,358,045
Low Value: 1,612,755

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Due Date:

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Second Open Lien Mortgage Lender:

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Market Valuation

Market Total Value: $1,290,245

Market Land Value: $283,050
Market Improvement Value: $1,007,195

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,290,245
Assessed Land Value: $283,050
Assessed Improvements Value: $1,007,195

Sales

Current Sale Contract Date: May 15, 2020

Current Sale Recording Date: May 26, 2020
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20200017627
Previous Sale Recording Date: Feb 06, 2020
Previous Sale Contract Date: Feb 03, 2020
Previous Sale Amount: $170,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

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Previous Mortgage Financing Type:

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Previous Mortgage Loan Amount:

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Previous Mortgage Term:

Premium
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Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Miramar Beach

Stats & Trends

Median Asking:

$724,500

Sale Price/ft²

$496

Below Asking

0.03%

Average Days on Market

Average Home Size

1709 ft²

Average Home Age

26.5 years

Currently For Sale

1002 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

Click here to view more rentals in the neighborhood.

Listed by: Jessica H Foy, Compass
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 953903

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.

56 Ruth Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Miramar Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions