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Okaloosa 32539
5820 Laurelwood Drive
$336,600
● House - Off Market

5820 Laurelwood Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$1,847
Est. Monthly
5.71%
Cap Rate

About This Property

A Gardeners Paradise featuring 6 Apple Trees, a Lemon Tree, 2 Pear Trees, 2 Plums, Blackberries, Blueberries, Persimmons, Grapes, & so much more! Gorgeous, picturesque landscape from this 3BR/2BA, 1,935SF Home on over an acre of land. This home features a new HVAC, appliances, LVT flooring, & hurricane rated windows with a lifetime warranty. Other features include freshly painted interior, updated Pex plumbing, & a new electrical box. The home is open with a split floor plan, Florida room, & large living space with fireplace. Located north of Crestview and only a short drive to shopping, restaurants, & entertainment. No HOA fees & no taxes for 2025.  Do not miss this opportunity to own your dream home!
Unit Size
-
Days on Market
108 days
Land Size
1.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1983

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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: 12 months ago (ECAR #980800)

Price History

Date / Event Date Event Price
Oct 29, 2025 Sold
Premium
Sold
Oct 17, 2025 In contract -
In contract
Jul 11, 2025 Listed by RE/MAX by the Sea $349,795
Listed by RE/MAX by the Sea
Feb 11, 2021 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • 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: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,245
  • Total Building Area: 2,405
  • Gross Building Area: 2,405
  • Building Area: 1,623
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,623
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAURELWOOD EST
  • Land Acres: 0000001039
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LOT 3 LAURELWOOD EST AS OR

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020303

Geography

  • Assessors Map Reference: 11
  • Parcel: 35-4N-23-0000-0004-0040
  • Block: 4
  • Lot: 3
  • Meridian: SEC 35 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.7958
  • Longitude: -86.5169

    Address

  • Full Address: 5820 Laurelwood Dr
  • Address - House Number: 5820
  • Address - Street Name: Laurelwood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R027
  • 4-Digit Zip Code: 9004
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,936
  • Tax Year: 2023
  • Tax Amount: $159,579
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.186
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 272,695
  • High Value: 323,436
  • Low Value: 221,954

    Market Valuation

  • Market Total Value: $197,923
  • Market Land Value: $33,393
  • Market Improvement Value: $164,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,246

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 10, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3429595
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: Sam Kinkaid, RE/MAX by the Sea
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 980800
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 5820 Laurelwood Drive built and last sold?
The property at 5820 Laurelwood Drive was built in 1983 and last sold on Feb 10, 2021 for $210,000.
How much is this home worth?
The estimated value of the home located at 5820 Laurelwood Drive is $353,293.
What are some comparable homes to 5820 Laurelwood Drive?
There are currently no comparable homes to 5820 Laurelwood Drive.
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