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Miramar Beach 32550
8861 BAYPINE Drive
$440,000
● House - Off Market

8861 BAYPINE Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,702 Ft²
$834,076
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

WOW! Priced to sell! This charming Florida Cottage has great views over looking the lake in a quiet and serene setting. Property has new travertine floors in the kitchen, living room, and bathrooms. New carpet in all the bedrooms and fresh paint throughout. All new stainless steel appliances. A super great feature for Baypine....it has parking for 4 vehicles. Enjoy nature at it's best with the convenience of Sandestin Resort and all the fabulous amenities exclusive to the Resort. This would be a great vacation rental or second home. Don't wait to see this charming home at such a great value. Property is being sold furnished.
Unit Size
1,702 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$264
Property Type
House
Property Taxes
-
HOA Dues
$220
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 #710034)

Price History

Date / Event Date Event Price
May 23, 2023 Sold
Premium
Sold
Mar 11, 2023 No longer available -
No longer available
Feb 14, 2023 Price Decreased $945,000
↓ $4K (0.4%)
Price Decreased
Jan 28, 2023 Price Decreased $948,500
↓ $250 (0%)
Price Decreased
Jan 17, 2023 Price Decreased $948,750
↓ $250 (0%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,803
  • Total Building Area: 1,990
  • Gross Building Area: 1,990
  • Building Area: 1,990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYPINES
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: UNIT 8861 PH 1 OF BAYPINES S/D PB 10-21 OR 1469-208 OR 2850-2895 OR 2958-32 OR 3195-3461

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Subdivision Phase Number: 1
  • Parcel: 26-2S-21-42500-000-8861
  • Block: 88
  • Lot: 8861
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3833
  • Longitude: -86.3239

    Address

  • Full Address: 8861 Baypine Dr
  • Legal Unit: 8861
  • Address - House Number: 8861
  • Address - Street Name: Baypine
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 5800
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,933
  • Tax Year: 2022
  • Tax Amount: $586,475
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2637
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 969,243
  • High Value: 1,224,839
  • Low Value: 713,647

    Market Valuation

  • Market Total Value: $632,836
  • Market Land Value: $89,980
  • Market Improvement Value: $542,856

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $632,836
  • Assessed Land Value: $89,980
  • Assessed Improvements Value: $542,856

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: May 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18247
  • Previous Sale Recording Date: May 03, 2021
  • Previous Sale Contract Date: Apr 29, 2021
  • Previous Sale Amount: $687,500
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1711 ft²

Average Home Age

26.6 years

Currently For Sale

983 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: John D Paulsen, Crye-Leike Coastal Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 710034
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 8861 Baypine Drive built and last sold?
The property at 8861 Baypine Drive was built in 1996 and last sold on May 22, 2023 for $905,000.
How much is this home worth?
The estimated value of the home located at 8861 Baypine Drive is $0.
What are some comparable homes to 8861 Baypine Drive?
There are currently no comparable homes to 8861 Baypine Drive.
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