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Miramar Beach 32550
8003 Legend Creek
$820,000
● House - Off Market

8003 Legend Creek

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
$4,722
Est. Monthly
$455
HOA / Fees
2.06%
Cap Rate

About This Property

This three-bedroom, two-bathroom home nestled within a non-rental community inside Sandestin offers the perfect blend of privacy, security, and comfort. This quaint home boasts spacious living areas, ideal for both relaxation and entertaining. With three bedrooms, there's ample space for family members or guests. The two bathrooms provide convenience and functionality, ensuring everyone's needs are met. The gated community offers an additional layer of security and peace of mind. The surrounding amenities, such as parks, walking trails, or recreational facilities, enhance the quality of life within this exclusive enclave. Whether you're seeking a serene retreat or a vibrant community atmosphere, this home combines the best of both worlds. No short-term rentals allowed.
Unit Size
-
Days on Market
132 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$455
Year Built
1999

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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 #949299)

Price History

Date / Event Date Event Price
Sep 16, 2024 Sold
Premium
Sold
May 7, 2024 Listed by Christies International Real Estate Emerald Coast $868,900
Listed by Christies International Real Estate Emerald Coast
Dec 2, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,609
  • Total Building Area: 2,848
  • Gross Building Area: 2,848
  • Building Area: 2,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,320
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDESTIN
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 8003 REPLAT OF LEGEND CREEK AT SANDESTIN S/D PB 11-26 OR 1703-35 OR 2567-90

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-23-21
  • Parcel: 23-2S-21-42200-000-8003
  • Block: 80
  • Lot: 8003
  • Meridian: SEC 23 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3922
  • Longitude: -86.3231

    Address

  • Full Address: 8003 Legend Creek Dr
  • Address - House Number: 8003
  • Address - Street Name: Legend Creek
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 4892
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,507
  • Tax Year: 2022
  • Tax Amount: $319,935
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 1,128,136
  • High Value: 1,426,983
  • Low Value: 829,289

    Market Valuation

  • Market Total Value: $752,012
  • Market Land Value: $109,236
  • Market Improvement Value: $642,776

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $383,397

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 01, 2003
  • Current Sale Recording Date: Dec 02, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 792262
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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$496

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1710 ft²

Average Home Age

26.5 years

Currently For Sale

1003 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

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Bell Smith Team, Christies International Real Estate Emerald Coast
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 949299
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 8003 Legend Creek built and last sold?
The property at 8003 Legend Creek was built in 1999 and last sold on Dec 1, 2003 for $445,000.
How much is this home worth?
The estimated value of the home located at 8003 Legend Creek is $0.
What are some comparable homes to 8003 Legend Creek?
There are currently no comparable homes to 8003 Legend Creek.
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