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Destin 32541 Holiday Isle
9 Norriego Road
$745,000
● House - Off Market

9 Norriego Road

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,370 Ft²
$1,264,611
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

A boater's paradise and the best canal view on Holiday Isle!! Deep protected water suitable for large boat, small boat and water toys! Just minutes to the Destin Harbor and East Pass! Just one block to the beach and Gulf access! This beach house makes a perfect rental property, second home or permanent residence and has separate guest quarters downstairs. Enjoy the open pool deck and waterfront pool as well as beautiful sunsets and fireworks displays! Please verify all dimensions.
Unit Size
2,370 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$314
Property Type
House
Property Taxes
-
HOA Dues
$190
Year Built
1977

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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 #754285)

Price History

Date / Event Date Event Price
Jun 29, 2016 Sold
Premium
Sold
May 11, 2016 Listed by RE/MAX Coastal Properties $745,000
Listed by RE/MAX Coastal Properties

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 7
  • Garage Square Area: 286
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,075
  • Lot Size Frontage Feet: 520
  • Total Building Area: 2,370
  • Gross Building Area: 2,370
  • Building Area: 2,370
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY ISLE
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • Legal Description 1: HOLIDAY ISLE LOT 60 BLK F

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: MAP 5
  • Parcel: 00-2S-24-2186-000F-0600
  • Block: F
  • Lot: 60
  • Municipality: DESTIN
  • Latitude: 30.3863
  • Longitude: -86.4946

    Address

  • Full Address: 9 Norriego Rd
  • Address - House Number: 9
  • Address - Street Name: Norriego
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Destin
  • Carrier Code: C004
  • 4-Digit Zip Code: 3019
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,880
  • Tax Year: 2022
  • Tax Amount: $812,995
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Nov 09, 2022
  • Confidence Score: 78
  • Final Value: 1,377,911
  • High Value: 1,613,817
  • Low Value: 1,142,005

    Market Valuation

  • Market Total Value: $784,608
  • Market Land Value: $455,950
  • Market Improvement Value: $328,658

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $692,292

    Exemptions

  • Homeowner Exemption: Yes
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 Holiday Isle

Stats & Trends

Median Asking:

$1,225,000

Sale Price/ft²

$542

Below Asking

0.02%

Average Days on Market

81

Average Home Size

2958 ft²

Average Home Age

39.2 years

Currently For Sale

21 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: Ed & Terri Smith, RE/MAX Coastal Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 754285
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 9 Norriego Road built and last sold?
The property at 9 Norriego Road was built in 1977 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 9 Norriego Road is $0.
What are some comparable homes to 9 Norriego Road?
There are currently no comparable homes to 9 Norriego Road.
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