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Destin 32541 Spring Lake
731 Heron Circle
$575,000
● House - Off Market

731 Heron Circle

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
$658,054
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Tastefully renovated brick home with 88 feet frontage on Spring Lake, cul-de-sac privacy, and Water Views. Kitchen showcases double convection ovens, white cabinets, granite counters, pot filler, dramatic hood system, propane gas cooktop, 2 dishwashers and deep undermount stainless sink Relax on Terraced Deck under shade of oak trees and watch ducks, geese, turtles and Blue Herons.  Launch kayaks/ paddle boards or go fishing from dock.  Travertine stone flooring throughout main living areas and Cherry Hardwood in Living Room.   Family room off Eat-In Kitchen features gas fireplace and Lake Views.  .  Huge walk-in shower with rain head in Master Bath. Second outdoor deck and cozy benches off dining. Minutes from Gulf, Destin Elementary and boat launch at Joe's  Bayou.
Unit Size
-
Days on Market
43 days
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1973

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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 #872501)

Price History

Date / Event Date Event Price
Aug 10, 2021 Sold
Premium
Sold
May 23, 2021 Listed by Keller Williams Realty Destin $575,000
Listed by Keller Williams Realty Destin
Jan 11, 2016 Sold
Premium
Sold
Nov 11, 2015 Listed by Keller Williams Realty Destin $306,500
Listed by Keller Williams Realty Destin
Dec 3, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,154
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,475
  • Gross Building Area: 2,475
  • Building Area: 1,877
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,877
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 1ST SPRING LAKE ADD
  • Land Acres: 0000000325
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: 1ST SPRING LAKE ADD PORTION OF LOTS 20 & 21 BLK A: BEG SE COR OF LOT 21 NE ALG

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2370-000A-0210
  • Block: A
  • Lot: 20,21
  • Municipality: DESTIN
  • Latitude: 30.3998
  • Longitude: -86.4889

    Address

  • Full Address: 731 Heron Cir
  • Address - House Number: 731
  • Address - Street Name: Heron
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 1909
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,194
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 522,595
  • High Value: 615,749
  • Low Value: 429,441

    Market Valuation

  • Market Total Value: $406,061
  • Market Land Value: $133,747
  • Market Improvement Value: $272,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $406,061
  • Assessed Land Value: $133,747
  • Assessed Improvements Value: $272,314

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3479213
  • Previous Sale Recording Date: Jan 11, 2016
  • Previous Sale Contract Date: Jan 11, 2016
  • Previous Sale Amount: $306,500
  • 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 Spring Lake

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$271

Below Asking

0.02%

Average Days on Market

95

Average Home Size

1984 ft²

Average Home Age

46.5 years

Currently For Sale

2 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: Sharon L Gross, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 872501
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 731 Heron Circle built and last sold?
The property at 731 Heron Circle was built in 1973 and last sold on Aug 6, 2021 for $575,000.
How much is this home worth?
The estimated value of the home located at 731 Heron Circle is $559,429.
What are some comparable homes to 731 Heron Circle?
There are currently no comparable homes to 731 Heron Circle.
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