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Niceville 32578
594 Tulip Tree Way
$645,000
● House - Off Market

594 Tulip Tree Way

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,363 Ft²
$3,654
Est. Monthly

About This Property

Searching for a newer home in a great neighborhood with an even better location?  This one is for you! Its open concept floor plan allows for tons of living space while the split four bedroom, 3 full bath layout allows for privacy and ease of living. Wood and tile flooring, granite counter tops, soft-close cabinetry and stainless steel appliances give an elevated feel to this home. A large screened porch and low maintenance back yard could easily be your personal oasis. It is ready for you to make it your own! Make a quick call to your agent and come see it soon!
Unit Size
2,363 Ft²
Days on Market
58 days
Land Size
0.18 acres
Price per sqft
$273
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
2019

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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 #996884)

Price History

Date / Event Date Event Price
May 1, 2026 Sold
Premium
Sold
Mar 16, 2026 In contract -
In contract
Mar 2, 2026 Listed by NextHome Cornerstone Realty $645,000
Listed by NextHome Cornerstone Realty
Dec 16, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 502
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,011
  • Total Building Area: 3,483
  • Gross Building Area: 3,483
  • Building Area: 2,363
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,363
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA WOODS
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • Legal Description 1: MAGNOLIA WOODS III-D LOT 27

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021102

Geography

  • Assessors Map Reference: MAP 1
  • Parcel: 17-1S-22-1125-0000-0270
  • Lot: 27
  • Meridian: SEC 17 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.4947
  • Longitude: -86.4748

    Address

  • Full Address: 594 Tulip Tree Way
  • Address - House Number: 594
  • Address - Street Name: Tulip Tree
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Niceville
  • Carrier Code: C004
  • 4-Digit Zip Code: 3435
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,844
  • Tax Year: 2023
  • Tax Amount: $532,993
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 645,293
  • High Value: 760,318
  • Low Value: 530,268

    Market Valuation

  • Market Total Value: $574,605
  • Market Land Value: $108,632
  • Market Improvement Value: $465,973

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,538

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 11, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3324587
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 Niceville

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2024 ft²

Average Home Age

27.4 years

Currently For Sale

63 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: Tracy L Wood, NextHome Cornerstone Realty
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 996884
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 594 Tulip Tree Way built and last sold?
The property at 594 Tulip Tree Way was built in 2019 and last sold on Dec 11, 2019 for $499,900.
How much is this home worth?
The estimated value of the home located at 594 Tulip Tree Way is $0.
What are some comparable homes to 594 Tulip Tree Way?
There are currently no comparable homes to 594 Tulip Tree Way.
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