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Shalimar 32579 Shalimar
902 SARA Drive
$885,000
● House - Off Market

902 SARA Drive

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,100 Ft²
$1,659,581
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

This beautiful, solidly constructed residence on Garnier Bayou in Shalimar offers you a fabulous waterfront lifestyle! The 0.55 acre lot enjoys a gorgeous setting surrounded by mature landscaping in a quiet neighborhood, along with 95 waterfront feet, a large dock, 12,000 lb. boat lift, great views, and even your own small sandy beach! Inside, the home's desirable floorplan and quality finishes provide both comfort and elegance.

The vaulted foyer leads to the office, which could also be a front parlor/formal living area, and the adjoining dining room, both with cherry wood floors. The huge kitchen is open to the large sunken family room, which enjoys easy access to the covered patio and backyard oasis - perfect for entertaining inside or out...
Unit Size
4,100 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$228
Property Type
House
Property Taxes
-
HOA Dues
$500
Year Built
1991

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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 #739400)

Price History

Date / Event Date Event Price
Nov 18, 2021 Sold
Premium
Sold
Oct 11, 2021 No longer available -
No longer available
Sep 17, 2021 Listed by Somers & Company $1,590,000
Listed by Somers & Company
Dec 29, 2015 Sold
Premium
Sold
Oct 2, 2015 Listed by Somers & Company $935,000
Listed by Somers & Company
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 830
  • Parking Space Count: 0
  • Patio Type: 34
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,865
  • Lot Size Frontage Feet: 950
  • Total Building Area: 5,371
  • Gross Building Area: 5,371
  • Building Area: 4,109
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,109
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR PLANTATION
  • Land Acres: 0000000548
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR PLANTATION LOT 11 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021502

Geography

  • Assessors Map Reference: 44
  • Parcel: 06-2S-23-2238-000A-0110
  • Block: A
  • Lot: 11
  • Meridian: SEC 06 TWN 02S RNG 23W
  • Municipality: SHALIMAR
  • Latitude: 30.4468
  • Longitude: -86.5856

    Address

  • Full Address: 902 Sara Dr
  • Address - House Number: 902
  • Address - Street Name: Sara
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C006
  • 4-Digit Zip Code: 1264
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 4,696
  • Tax Year: 2023
  • Tax Amount: $1,672,839
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 1,436,420
  • High Value: 1,716,276
  • Low Value: 1,156,564

    Market Valuation

  • Market Total Value: $1,294,049
  • Market Land Value: $482,847
  • Market Improvement Value: $811,202

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,228,270

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2021
  • Current Sale Recording Date: Nov 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3506796
  • Previous Sale Recording Date: Dec 29, 2015
  • Previous Sale Contract Date: Dec 21, 2015
  • Previous Sale Amount: $885,000
  • 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 Shalimar

Stats & Trends

Median Asking:

$569,000

Sale Price/ft²

$254

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1998 ft²

Average Home Age

43.8 years

Currently For Sale

11 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 Paul Somers, Somers & Company
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 739400
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 902 Sara Drive built and last sold?
The property at 902 Sara Drive was built in 1991 and last sold on Nov 18, 2021 for $1,450,000.
How much is this home worth?
The estimated value of the home located at 902 Sara Drive is $1,523,169.
What are some comparable homes to 902 Sara Drive?
There are currently no comparable homes to 902 Sara Drive.
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