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Okaloosa 32541
667 EMERALD BAY Drive
$382,185
● House - Off Market

667 EMERALD BAY Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,556 Ft²
$788,110
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

Golf course home in gated Emerald Bay has all the extras! This executive home sits on the 18th fairway of the championship golf course designed by Robert Cupp. An open floor plan, 18 ft. vaulted ceilings and loads of windows create an atmosphere of space, elegance and light in this home. Some of the many features include: granite kitchen counters, open breakfast bar, fireplace, large ground floor master, lanai & pool with screen enclosure, and on and on. Emerald Bay is a premier Destin golf community which enjoys a full service (and friendly) golf club, restaurant, pro shop, putting green and arguably the best driving range in Destin. Additionally, Emerald Bay has an eight room ''Guest House'' adjacent to the golf club and pool for your family and friends
Unit Size
2,556 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$175
Property Type
House
Property Taxes
$291
HOA Dues
$225
Year Built
1994

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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 #737993)

Price History

Date / Event Date Event Price
Dec 31, 2020 Sold
Premium
Sold
Apr 17, 2020 Sold
Premium
Sold
Mar 17, 2020 No longer available -
No longer available
Mar 8, 2020 Price Decreased $525,000
↓ $14K (2.6%)
Price Decreased
Dec 4, 2019 Price Decreased $539,000
↓ $10K (1.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 18
  • Floor Count: 200
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 6,599
  • Total Building Area: 3,418
  • Gross Building Area: 3,418
  • Building Area: 2,556
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,556
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EMERALD BAY PH 1-B LOT 4 BLK T

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 1
  • Parcel: 00-2S-22-102A-000T-0040
  • Block: T
  • Lot: 4
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3945
  • Longitude: -86.3985

    Address

  • Full Address: 667 Emerald Bay Dr
  • Address - House Number: 667
  • Address - Street Name: Emerald Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C011
  • 4-Digit Zip Code: 5815
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,945
  • Tax Year: 2023
  • Tax Amount: $451,595
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 889,330
  • High Value: 1,063,840
  • Low Value: 714,820

    Market Valuation

  • Market Total Value: $650,981
  • Market Land Value: $135,004
  • Market Improvement Value: $515,977

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $461,943

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3418643
  • Previous Sale Recording Date: Apr 17, 2020
  • Previous Sale Contract Date: Apr 16, 2020
  • Previous Sale Amount: $510,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$371,950

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1850 ft²

Average Home Age

28.9 years

Currently For Sale

2369 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: Brent C Winjum, Aquatic Residential Leasing
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 737993
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 667 Emerald Bay Drive built and last sold?
The property at 667 Emerald Bay Drive was built in 1994 and last sold on Dec 30, 2020 for $550,000.
How much is this home worth?
The estimated value of the home located at 667 Emerald Bay Drive is $0.
What are some comparable homes to 667 Emerald Bay Drive?
There are currently no comparable homes to 667 Emerald Bay Drive.
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