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Okaloosa 32578 Bluewater Bay Village
611 Caribbean Way
$234,000
● House - Off Market

611 Caribbean Way

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$425,763
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Beautiful 3 bedroom, 2 bathroom home in Bluewater Bay. Home is located in a top rated school district. This home has been renovated from top to bottom and features an open concept floor plan. There is a new roof, HVAC system and lawn pump for the fully landscaped yard. The living room features a gas fireplace with brick hearth and wood mantel. The kitchen features new shaker style cabinets and GRANITE counters with STAINLESS STEEL appliances. The kitchen cabinets have soft close drawers and the island has a breakfast bar. The master bath has a walk in closet and custom tile shower. The large fenced in back yard has access to the walking path out back which winds throughout the community. Come see all that this home and community offers.
Unit Size
1,421 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$169
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 MLS #734822)

Price History

Date / Event Date Event Price
Jun 6, 2017 Sold
Premium
Sold
Sep 23, 2015 Sold
Premium
Sold
Jul 25, 2015 Listed by Sound Choice Real Estate LLC $239,900
Listed by Sound Choice Real Estate LLC
Apr 24, 2015 Sold
Premium
Sold
Nov 12, 2014 Listed by Sound Choice Real Estate LLC $110,000
Listed by Sound Choice Real Estate LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 522
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,159
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,978
  • Gross Building Area: 1,978
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUEWATER BAY VILLAGE
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BLUEWATER BAY VILLAGE 1-A LOT 6 BLK B

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021002

Geography

  • Assessors Map Reference: 39
  • Parcel: 23-1S-22-4750-000B-0060
  • Block: B
  • Lot: 6
  • Meridian: SEC 23 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4831
  • Longitude: -86.4207

    Address

  • Full Address: 611 Caribbean Way
  • Address - House Number: 611
  • Address - Street Name: Caribbean
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Niceville
  • Carrier Code: R014
  • 4-Digit Zip Code: 3805
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 1,719
  • Tax Year: 2023
  • Tax Amount: $156,127
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 369,562
  • High Value: 435,437
  • Low Value: 303,686

    Market Valuation

  • Market Total Value: $253,998
  • Market Land Value: $88,263
  • Market Improvement Value: $165,735

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,396

    Sales

  • Current Sale Contract Date: Jun 01, 2017
  • Current Sale Recording Date: Jun 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3139409
  • Previous Sale Recording Date: Sep 23, 2015
  • Previous Sale Contract Date: Sep 18, 2015
  • Previous Sale Amount: $234,000
  • 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 Bluewater Bay

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

67

Average Home Size

2067 ft²

Average Home Age

31.7 years

Currently For Sale

49 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

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ECAR

Listed by: Andrew Tidwell, Sound Choice Real Estate LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 734822
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 611 Caribbean Way built and last sold?
The property at 611 Caribbean Way was built in 1979 and last sold on Jun 1, 2017 for $258,500.
How much is this home worth?
The estimated value of the home located at 611 Caribbean Way is $0.
What are some comparable homes to 611 Caribbean Way?
There are currently no comparable homes to 611 Caribbean Way.
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