See Home Value
$418,000
● House - Off Market

651 Caribbean Way

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
$2,265
Est. Monthly
4.66%
Cap Rate

About This Property

Welcome to this stunning, move-in ready home nestled in the highly desirable Bluewater Bay community-where you'll enjoy access to a boat launch, fishing spots, golf, marina, picnic areas, playground, tennis and pickleball courts, and pool access-all with no HOA!

Situated on a spacious lot surrounded by mature trees, this home offers incredible curb appeal with fresh exterior paint, updated front landscaping (2025), and a metal roof for long-lasting durability. The extended driveway and 2-car garage with built-ins and a workbench provide plenty of room for parking, storage, and projects.

Step into a freshly painted interior featuring updated LVP flooring, carpeted bedrooms, and abundant natural light from large windows outfitted with new window treatments. SEE MORE... The entryway welcomes you with custom mudroom built-ins and barn door accents, adding charm and practicality.

Enjoy a cozy yet open layout highlighted by a wrap-around fireplace that beautifully separates the living and dining areas. The fully updated kitchen is a chef's dream, complete with quartz countertops, updated cabinetry, and a classic subway tile backsplash.

Retreat to the spacious master suite featuring a walk-in closet and a beautifully updated bathroom. Additional bedrooms are generously sized, and the home offers plenty of extra storage throughout.

Relax or entertain on the large, freshly painted covered back deck, overlooking a shaded backyard that provides privacy and space to enjoy the outdoors year-round.

This home offers the perfect blend of modern updates, classic style, and community perkswithout the restrictions of an HOA. Don't miss this opportunity to own a piece of Bluewater Bay living at its best!
Unit Size
-
Days on Market
64 days
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1979

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Last updated: 2 years ago (ECAR #980153)

Price History

Date / Event Date Event Price
Sep 5, 2025 Sold
Sold
Aug 2, 2025 In contract -
In contract
Jul 30, 2025 Price Decreased $430,000
↓ $14K (3.2%)
Price Decreased
Jul 21, 2025 Price Decreased $444,000
↓ $5K (1.1%)
Price Decreased
Jul 3, 2025 Listed by Real Broker LLC $449,000
Listed by Real Broker LLC
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Property Highlights

Garage
Air Conditioning
Fireplace

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: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,541
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,526
  • Gross Building Area: 2,526
  • Building Area: 1,786
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,786
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUEWATER BAY VILLAGE
  • Land Acres: 0000000311
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BLUEWATER BAY VILLAGE 1-B LOT 26 BLK B

Neighborhood

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

Geography

  • Assessors Map Reference: 39
  • Parcel: 23-1S-22-4751-000B-0260
  • Block: B
  • Lot: 26
  • Meridian: SEC 23 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.486
  • Longitude: -86.4241

    Address

  • Full Address: 651 Caribbean Way
  • Address - House Number: 651
  • 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: 2,113
  • Tax Year: 2023
  • Tax Amount: $310,814
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.2579
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 449,852
  • High Value: 565,909
  • Low Value: 333,796

    Market Valuation

  • Market Total Value: $300,970
  • Market Land Value: $88,263
  • Market Improvement Value: $212,707

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,384

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3502282
  • Previous Sale Recording Date: Jan 09, 2020
  • Previous Sale Contract Date: Dec 31, 2019
  • Previous Sale Amount: $339,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bluewater Bay


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Frequently Asked Questions

When was property at 651 Caribbean Way built and last sold?
The property at 651 Caribbean Way was built in 1979 and last sold on Oct 12, 2021 for $391,000.
How much is this home worth?
The estimated value of the home located at 651 Caribbean Way is $434,300.
What are some comparable homes to 651 Caribbean Way?
There are currently no comparable homes to 651 Caribbean Way.