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Navarre 32566 Navarre
8493 Island Drive
$220,000
● House - Off Market

8493 Island Drive

Navarre, FL 32566
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,494 Ft²
$324,404
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Move in Ready! This is the one! Awesome central location. Granite counters in the bright open kitchen. Stainless appliances. Breakfast bar that is perfect for sitting and visiting with the cook in your family. Spacious living room. The living area has been freshly painted in a neutral gray. The dining room opens to the back covered patio and fully fenced backyard. With summer around the corner the back patio will become your go to place in the evenings! Large master suite with a double vanity and both a shower and garden tub! Split floorplan with both the other bedrooms sharing the second bathroom. No neighbors behind affords plenty of privacy in the backyard. Only 8 minutes drive from Navarre Beach. Call your favorite agent TODAY to see this great home!
Unit Size
1,494 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$147
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
2015

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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 #818895)

Price History

Date / Event Date Event Price
May 20, 2019 Sold
Premium
Sold
Mar 25, 2019 Listed by Keller Williams Realty Navarre $219,900
Listed by Keller Williams Realty Navarre
May 12, 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: 0
  • 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: 1,996
  • Gross Building Area: 1,996
  • Building Area: 1,494
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,494
  • 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 3 BLK E AS DES IN OR 3830 PG 1670

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Parcel: 16-2S-26-0991-00E00-0030
  • Block: E
  • Lot: 3
  • Meridian: SEC 16 TWN 2S RNG 26W
  • Municipality: HOLLEY-NAVARRE
  • Latitude: 30.4192
  • Longitude: -86.8635

    Address

  • Full Address: 8493 Island Dr
  • Address - House Number: 8493
  • 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: 1,734
  • Tax Year: 2023
  • Tax Amount: $189,588
  • Tax Rate Code Area: 0012

    Appraisal Valuation

  • Standard Deviation: 0.2013
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 353,706
  • High Value: 424,910
  • Low Value: 282,501

    Market Valuation

  • Market Total Value: $268,037
  • Market Land Value: $40,000
  • Market Improvement Value: $228,037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,537

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2019
  • Current Sale Recording Date: May 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201920847
  • Previous Sale Recording Date: May 12, 2015
  • Previous Sale Contract Date: May 08, 2015
  • Previous Sale Amount: $177,000
  • 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:

$424,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

72

Average Home Size

1976 ft²

Average Home Age

13.5 years

Currently For Sale

98 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: Diane F Tharp, Keller Williams Realty Navarre
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 818895
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 8493 Island Drive built and last sold?
The property at 8493 Island Drive was built in 2015 and last sold on May 17, 2019 for $220,000.
How much is this home worth?
The estimated value of the home located at 8493 Island Drive is $0.
What are some comparable homes to 8493 Island Drive?
There are currently no comparable homes to 8493 Island Drive.
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