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Walton 32459
778 Cocobolo Drive
$207,710
● House - Off Market

778 Cocobolo Drive

Santa Rosa Beach, FL 32459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,860 Ft²
$466,992
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model

About This Property

NEW CONSTRUCTION. The Madeline C design. 3 bedrooms and 2 full baths with open floor plan. Formal dining room can be used as optional 4th bedroom. 2 car garage, patio, GE appliances, generous landscape package and Fabric Shield Hurricane Protection. Wonderful pool and clubhouse with multiple ponds in community. Great Buyer incentives include $5,500 toward Closing Costs and Prepaids with Preferred Lender and $7,500 Buyer allowance towards upgrades (includes free Stainless Steel appliance package). Very close to beaches, restaurants, golf, shopping, hospital. Located adjacent to Sandestin. Enjoy the best the area has to offer!
Unit Size
1,860 Ft²
Days on Market
-
Land Size
-
Price per sqft
$116
Property Type
House
Property Taxes
-
HOA Dues
$600
Year Built
2012

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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 #564668)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Jun 13, 2023 No longer available -
No longer available
Jun 6, 2023 Listed by Dr Horton Realty Inc $515,000
Listed by Dr Horton Realty Inc
Aug 2, 2021 Sold
Premium
Sold
Jul 11, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,809
  • Total Building Area: 2,401
  • Gross Building Area: 2,401
  • Building Area: 2,021
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,021
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRIFTWOOD ESTATES PH IIC
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 274 DRIFTWOOD ESTATES PH IIC S/D PB 17-47 OR 2842-3384 OR 2855-101 OR 2873-4368 OR 2891-3412 OR 3047-4077 OR 3111-1831 OR 3209-3287

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Geography

  • Assessors Map Reference: S2-13-21
  • Parcel: 13-2S-21-42020-000-0274
  • Block: 2
  • Lot: 274
  • Meridian: SEC 13 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.4126
  • Longitude: -86.3182

    Address

  • Full Address: 778 Cocobolo Dr
  • Address - House Number: 778
  • Address - Street Name: Cocobolo
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H031
  • 4-Digit Zip Code: 8077
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,106
  • Tax Year: 2022
  • Tax Amount: $327,565
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 582,404
  • High Value: 732,561
  • Low Value: 432,246

    Market Valuation

  • Market Total Value: $392,131
  • Market Land Value: $49,676
  • Market Improvement Value: $342,455

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $392,131
  • Assessed Land Value: $49,676
  • Assessed Improvements Value: $342,455

    Sales

  • Current Sale Contract Date: Aug 07, 2023
  • Current Sale Recording Date: Aug 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28456
  • Previous Sale Recording Date: Aug 02, 2021
  • Previous Sale Contract Date: Jul 29, 2021
  • Previous Sale Amount: $447,000
  • 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 Walton

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$425

Below Asking

0.02%

Average Days on Market

97

Average Home Size

2262 ft²

Average Home Age

17.4 years

Currently For Sale

2355 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: Kathleen T Shippey, Dr Horton Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 564668
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 778 Cocobolo Drive built and last sold?
The property at 778 Cocobolo Drive was built in 2012 and last sold on Aug 7, 2023 for $515,000.
How much is this home worth?
The estimated value of the home located at 778 Cocobolo Drive is $0.
What are some comparable homes to 778 Cocobolo Drive?
There are currently no comparable homes to 778 Cocobolo Drive.
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