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Destin 32541 Terra Cotta Terrace
66 TERRA COTTA Way
$600,000
● House - Off Market

66 TERRA COTTA Way

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,031 Ft²
$1,041,871
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Prime location off of Old Scenic Hwy 98 and deeded beach access make this residence an unprecedented opportunity. Upgraded with refined modern flair, this home is a highly desirable investment property, second home, or primary residence. This spacious Mediterranean home has 4 bedrooms, 3 bathrooms, and 3 stories. It boasts high ceilings, granite countertops, custom cabinetry, balconies off all bedrooms, a roof top terrace, and outdoor/ in-wall speakers in every room with adjustable volume. Schedule your showing today!
Unit Size
3,031 Ft²
Days on Market
-
Land Size
-
Price per sqft
$211
Property Type
House
Property Taxes
-
HOA Dues
$160
Year Built
2007

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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 #755076)

Price History

Date / Event Date Event Price
Oct 3, 2022 Sold
Premium
Sold
Dec 17, 2020 Sold
Premium
Sold
Feb 22, 2018 Sold
Premium
Sold
Apr 27, 2017 Sold
Premium
Sold
Jun 16, 2016 Listed by Century 21 AllPoints Realty $639,000
Listed by Century 21 AllPoints Realty

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 532
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,144
  • Total Building Area: 5,113
  • Gross Building Area: 5,113
  • Building Area: 3,031
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,031
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRA COTTA TERRACE
  • Land Acres: 0000000095
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: TERRA COTTA TERRACE LOT 15

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2499-0000-0150
  • Lot: 15
  • Municipality: DESTIN
  • Latitude: 30.382
  • Longitude: -86.4003

    Address

  • Full Address: 66 Terra Cotta Way
  • Address - House Number: 66
  • Address - Street Name: Terra Cotta
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 3654
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,659
  • Tax Year: 2023
  • Tax Amount: $1,202,503
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1724
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 77
  • Final Value: 1,171,177
  • High Value: 1,373,185
  • Low Value: 969,169

    Market Valuation

  • Market Total Value: $1,006,598
  • Market Land Value: $225,000
  • Market Improvement Value: $781,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,006,598
  • Assessed Land Value: $225,000
  • Assessed Improvements Value: $781,598

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3582397
  • Previous Sale Recording Date: Dec 17, 2020
  • Previous Sale Contract Date: Dec 15, 2020
  • Previous Sale Amount: $775,000
  • 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 Terra Cotta Terrace

Stats & Trends

Median Asking:

$1,212,000

Sale Price/ft²

$461

Below Asking

0.04%

Average Days on Market

197

Average Home Size

2433 ft²

Average Home Age

28.3 years

Currently For Sale

8 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: Melissa Clements Group, Century 21 AllPoints Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 755076
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 66 Terra Cotta Way built and last sold?
The property at 66 Terra Cotta Way was built in 2007 and last sold on Sep 30, 2022 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 66 Terra Cotta Way is $678,398.
What are some comparable homes to 66 Terra Cotta Way?
There are currently no comparable homes to 66 Terra Cotta Way.
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