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Miramar Beach 32550
897 Shore Drive
$150,000
● House - Off Market

897 Shore Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,392 Ft²
$383,914
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

Short Sale. This is a spiffy home with fun touches and updating. The kitchen, with breakfast bar, has stainless steel appliances, pendant lights and is open to the living room. From the dining room, step down to the family room with gas fireplace which opens to the outside. There, find a wonderful paradise in the back yard - screened in pool, hot tub and a great place to set up your bar, tall trees and room to play. This is a corner lot, with a peek of the bay across the street. Roof replaced in 2005. Buyer to verify all data. Square footage source - property appraiser's website. Buyer to rely soley on own appraisal for square footoage and own survey for lot size.
Unit Size
1,392 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$128
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1977

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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 #579770)

Price History

Date / Event Date Event Price
Dec 14, 2021 Sold
Premium
Sold
Sep 29, 2021 Sold
Premium
Sold
Dec 7, 2018 Sold
Premium
Sold
Nov 18, 2018 No longer available -
No longer available
Oct 31, 2018 Relisted $300,000
Relisted
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 16,988
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,360
  • Total Building Area: 1,712
  • Gross Building Area: 1,712
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY SHORES ESTATES 2
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 9 BLK H HOLIDAY SHORES ESTATES 2ND ADDITION PB 4-18 OR 42-401 OR 2199-10 OR 2340-847 OR 2628-2188 OR 2903-520 OR 3000-4139 OR 3092-135 OR 3218-1492 OR 3229-2594

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-29-21
  • Parcel: 29-2S-21-42145-00H-0090
  • Block: H
  • Lot: 9
  • Meridian: SEC 29 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3924
  • Longitude: -86.3846

    Address

  • Full Address: 897 Shore Dr
  • Address - House Number: 897
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C013
  • 4-Digit Zip Code: 5280
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,965
  • Tax Year: 2022
  • Tax Amount: $478,484
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.4642
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 7
  • Final Value: 293,348
  • High Value: 429,523
  • Low Value: 157,172

    Market Valuation

  • Market Total Value: $516,307
  • Market Land Value: $183,982
  • Market Improvement Value: $332,325

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $516,307
  • Assessed Land Value: $183,982
  • Assessed Improvements Value: $332,325

    Sales

  • Current Sale Contract Date: Dec 14, 2021
  • Current Sale Recording Date: Dec 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210061606
  • Previous Sale Recording Date: Sep 29, 2021
  • Previous Sale Contract Date: Sep 27, 2021
  • Previous Sale Amount: $400,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$500

Below Asking

0.02%

Average Days on Market

82

Average Home Size

1712 ft²

Average Home Age

26.6 years

Currently For Sale

982 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: Wendy Rulnick Hinzman, Rulnick Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 579770
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 897 Shore Drive built and last sold?
The property at 897 Shore Drive was built in 1977 and last sold on Dec 14, 2021 for $599,000.
How much is this home worth?
The estimated value of the home located at 897 Shore Drive is $320,575.
What are some comparable homes to 897 Shore Drive?
There are currently no comparable homes to 897 Shore Drive.
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