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Miramar Beach 32550
61 Gulfside Way
$700,000
● House - Off Market

61 Gulfside Way

Miramar Beach, FL 32550
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$726,216
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Do not miss your opportunity to own this renovated great beach house located south of Scenic 98.  Located in Gulfside Cottages, and is one of 4 -2 bedroom homes in the 29 home subdivision. Bordeaux is a real gem! This small community has direct deeded beach access and Bordeaux is located right across from the community pool. There are no streets to cross to get to the beach, making it perfect for families.  This charming, 2 Bedroom 2 1/2 Bath beach house offers a very open floor plan, with additional living space consisting of 336 Square Feet of covered porches. There are 4 covered porches! Master and second bedrooms are located on the second floor and each has its own private porch. 2021 gross rentals $66,475.93 and 2022 $57,679.08. Hvac is 2018, HWH 2023, new roof being installed.
Unit Size
-
Days on Market
32 days
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$357
HOA Dues
$300
Year Built
2001

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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 #922843)

Price History

Date / Event Date Event Price
Jun 19, 2023 Sold
Premium
Sold
May 8, 2023 Listed by Crye-Leike Coastal Realty $725,000
Listed by Crye-Leike Coastal Realty
May 22, 2020 Sold
Premium
Sold
Jan 30, 2017 Sold
Premium
Sold
Jul 20, 2016 Listed by Crye-Leike Coastal Realty $327,000
Listed by Crye-Leike Coastal Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 3
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,234
  • Total Building Area: 1,096
  • Gross Building Area: 1,096
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,096
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULFSIDE COTTAGES
  • Land Acres: 0000000097
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 25 GULFSIDE COTTAGES S/D PB 11-24 OR 2392-1560 OR 2724-4962 OR 3032-672 OR 3143-4366

Neighborhood

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

Geography

  • Assessors Map Reference: S2-33-21
  • Parcel: 33-2S-21-42530-000-0250
  • Block: 2
  • Lot: 25
  • Meridian: SEC 33 TWN 02S RNG 21W
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3748
  • Longitude: -86.3492

    Address

  • Full Address: 61 Gulfside Way
  • Address - House Number: 61
  • Address - Street Name: Gulfside
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 4164
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,281
  • Tax Year: 2022
  • Tax Amount: $428,751
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 779,837
  • High Value: 987,220
  • Low Value: 572,454

    Market Valuation

  • Market Total Value: $551,166
  • Market Land Value: $133,814
  • Market Improvement Value: $417,352

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $551,166
  • Assessed Land Value: $133,814
  • Assessed Improvements Value: $417,352

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21551
  • Previous Sale Recording Date: May 22, 2020
  • Previous Sale Contract Date: May 22, 2020
  • Previous Sale Amount: $455,000
  • 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:

$735,000

Sale Price/ft²

$498

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1710 ft²

Average Home Age

26.6 years

Currently For Sale

985 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: John D Paulsen, Crye-Leike Coastal Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 922843
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 61 Gulf Side Way built and last sold?
The property at 61 Gulf Side Way was built in 2001 and last sold on May 30, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 61 Gulf Side Way is $0.
What are some comparable homes to 61 Gulf Side Way?
There are currently no comparable homes to 61 Gulf Side Way.
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