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Miramar Beach 32550
8016 Legend Creek Drive
$840,000
● House - Off Market

8016 Legend Creek Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,175 Ft²
$953,567
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

MAJESTIC LEGEND CREEK HOME! LOCATED DIRECTLY ON GOLF COURSE AND LAKE. THE PINEHURST FLOORPLAN HAS SOARING 20+ FT. CEILINGS IN THE GREAT ROOM AND STAIRWAY/LOFT AREA.  THIS HOME HAS MANY UPGRADES INCLUDING NEW KITCHEN WITH GRANITE AND STAINLESS APPLIANCES, RENOVATED MASTER BATH, TRAYED CEILINGS IN THE DEN AND MASTER BEDROOM...PASS THROUGH FIREPLACE FOR CHILLY EVENINGS.  SO MANY POSSIBILITIES TO DESIGN AND FURNISH THIS AMAZING SHOWHOME!  OUTDOOR LANAI OVERLOOKS THE GOLF COURSE AND THE LAKE!  SCREENED AND TILED FOR OUTDOOR LIVING!  BEST AND LARGEST LOT IN LEGEND CREEK VILLAS!
Unit Size
2,175 Ft²
Days on Market
-
Land Size
-
Price per sqft
$386
Property Type
House
Property Taxes
$296
HOA Dues
$441
Year Built
1996

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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 #875275)

Price History

Date / Event Date Event Price
Sep 29, 2021 Sold
Premium
Sold
Jun 24, 2021 Listed by Crye-Leike Coastal Realty $840,000
Listed by Crye-Leike Coastal Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 475
  • Parking Space Count: 0
  • Patio Type: 70
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,074
  • Total Building Area: 2,890
  • Gross Building Area: 2,890
  • Building Area: 2,415
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,415
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDESTIN
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 8016 REPLAT OF LEGEND CREEK AT SANDESTIN PB 11-26 OR 1316-262 OR 2037-329 OR 3218-2124

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-23-21
  • Parcel: 23-2S-21-42200-000-8016
  • Block: 80
  • Lot: 8016
  • Meridian: SEC 23 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3934
  • Longitude: -86.3222

    Address

  • Full Address: 8016 Legend Creek Dr
  • Address - House Number: 8016
  • Address - Street Name: Legend Creek
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 4893
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,551
  • Tax Year: 2022
  • Tax Amount: $671,659
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 92
  • Final Value: 1,209,124
  • High Value: 1,316,496
  • Low Value: 1,101,752

    Market Valuation

  • Market Total Value: $762,925
  • Market Land Value: $136,545
  • Market Improvement Value: $626,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $762,925
  • Assessed Land Value: $136,545
  • Assessed Improvements Value: $626,380

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210048823
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

$497

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1721 ft²

Average Home Age

26.3 years

Currently For Sale

691 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: Wanda Duke, Crye-Leike Coastal Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 875275
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 8016 Legend Creek Drive built and last sold?
The property at 8016 Legend Creek Drive was built in 1996 and last sold on Sep 24, 2021 for $840,000.
How much is this home worth?
The estimated value of the home located at 8016 Legend Creek Drive is $0.
What are some comparable homes to 8016 Legend Creek Drive?
There are currently no comparable homes to 8016 Legend Creek Drive.
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