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Destin 32541 Indian Bayou
7 Ocala Court
$350,000
● House - Off Market

7 Ocala Court

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,183 Ft²
$706,492
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Beautiful brick home on cul-de-sac is located on large lot in the lovely Indian Bayou golf community. This 3BR/2BA has 2183 sq ft has a great split bedroom floor plan and is perfect for any family. The living area has vaulted ceilings and fire place. Many upgraded features are throughout this home including tile flooring throughout living area, whole house water filtration system, upgraded kitchen with double oven, granite counter tops, beautiful cabinets, spacious pantry, salt-water, enclosed pool and more. Throughout the home are large windows which have all been upgraded to impact resistant which let in plenty of natural light yet keep the heat out. Large bedrooms all have great closet space. There is a formal dining room that can also be used as a home office.
Unit Size
2,183 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
-
HOA Dues
$225
Year Built
1992

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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 MLS #711638)

Price History

Date / Event Date Event Price
Sep 23, 2020 Sold
Premium
Sold
Aug 14, 2020 No longer available -
No longer available
Aug 10, 2020 Price Decreased $475,000
↓ $10K (2.1%)
Price Decreased
Jun 27, 2020 Price Decreased $485,000
↓ $10K (2%)
Price Decreased
Jun 3, 2020 Listed by Berkshire Hathaway HomeServices $495,000
Listed by Berkshire Hathaway HomeServices
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • 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: 420
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 98
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,225
  • Total Building Area: 2,785
  • Gross Building Area: 2,785
  • Building Area: 2,074
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,074
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN BAYOU
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: INDIAN BAYOU UNIT V LOT 18 BLK B

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023304

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-1286-000B-0180
  • Block: B
  • Lot: 18
  • Municipality: DESTIN
  • Latitude: 30.394
  • Longitude: -86.4506

    Address

  • Full Address: 7 Ocala Ct
  • Legal Unit: 5
  • Address - House Number: 7
  • Address - Street Name: Ocala
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Destin
  • Carrier Code: C002
  • 4-Digit Zip Code: 4449
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,474
  • Tax Year: 2023
  • Tax Amount: $400,412
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 659,469
  • High Value: 788,442
  • Low Value: 530,496

    Market Valuation

  • Market Total Value: $478,714
  • Market Land Value: $136,190
  • Market Improvement Value: $342,524

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $373,717

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3392707
  • Previous Sale Recording Date: Feb 15, 2019
  • Previous Sale Contract Date: Feb 11, 2019
  • Previous Sale Amount: $483,700
  • 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 Indian Bayou

Stats & Trends

Median Asking:

$849,000

Sale Price/ft²

$273

Below Asking

0.03%

Average Days on Market

64

Average Home Size

2826 ft²

Average Home Age

40.6 years

Currently For Sale

5 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: Sterling P Rainer, Berkshire Hathaway HomeServices
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 711638
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 7 Ocala Court built and last sold?
The property at 7 Ocala Court was built in 1992 and last sold on Sep 15, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 7 Ocala Court is $495,499.
What are some comparable homes to 7 Ocala Court?
There are currently no comparable homes to 7 Ocala Court.
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