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Navarre 32566 Navarre
8473 Island Drive
$285,000
● House - Off Market

8473 Island Drive

Navarre, FL 32566
bedrooms
3 Beds
bathrooms
2 Baths
$1,326
Est. Monthly

About This Property

This inviting 3-bedroom, 2-bath home offers 1,473 square feet of comfortable living space with an open floor concept and a great layout. While the home will need some cosmetic updates like new carpet and paint, it provides a wonderful opportunity to personalize the space to your taste. The property also includes a garage for added convenience.  Home is being sold AS-IS but dont let that bother you as home is only 10 years old. Roof, HVAC and Water Heater 2015.
Unit Size
-
Days on Market
19 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2015

Payment Calculator

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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: 12 months ago (ECAR #986737)

Price History

Date / Event Date Event Price
Oct 22, 2025 Sold
Premium
Sold
Oct 7, 2025 In contract -
In contract
Oct 3, 2025 Listed by EXP Realty LLC $269,900
Listed by EXP Realty LLC
May 1, 2015 Sold
Premium
Sold
Jan 27, 2015 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 13
  • 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: 1
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,968
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,090
  • Gross Building Area: 2,090
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DUNCAN RIDGE PHS 1 &
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DUNCAN RIDGE FIRST ADD LOT 8 BLK E AS DES OR 3425 PG 1060

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010827

Zoning

  • Zoning: R1A

Geography

  • Parcel: 16-2S-26-0991-00E00-0080
  • Block: E
  • Lot: 8
  • Meridian: SEC 16 TWN 2S RNG 26W
  • Municipality: HOLLEY-NAVARRE
  • Latitude: 30.4192
  • Longitude: -86.8643

    Address

  • Full Address: 8473 Island Dr
  • Address - House Number: 8473
  • Address - Street Name: Island
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Navarre
  • Carrier Code: R023
  • 4-Digit Zip Code: 3245
  • Zip Code: 32566

Valuation

    Tax

  • Total Area: 1,715
  • Tax Year: 2023
  • Tax Amount: $170,303
  • Tax Rate Code Area: 0012

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 354,096
  • High Value: 421,250
  • Low Value: 286,941

    Market Valuation

  • Market Total Value: $265,537
  • Market Land Value: $40,000
  • Market Improvement Value: $225,537

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,861

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2015
  • Current Sale Recording Date: May 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201515377
  • Previous Sale Recording Date: Jan 27, 2015
  • Previous Sale Contract Date: Jan 23, 2015
  • Previous Sale Amount: $30,000
  • 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 Navarre

Stats & Trends

Median Asking:

$412,500

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1988 ft²

Average Home Age

14.2 years

Currently For Sale

110 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

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ECAR

Listed by: Hiller Group, EXP Realty LLC
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 986737
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 8473 Island Drive built and last sold?
The property at 8473 Island Drive was built in 2015 and last sold on Apr 29, 2015 for $186,300.
How much is this home worth?
The estimated value of the home located at 8473 Island Drive is $272,599.
What are some comparable homes to 8473 Island Drive?
There are currently no comparable homes to 8473 Island Drive.
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