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Navarre 32566 Navarre
9225 Ridge Drive
$505,000
● House - Off Market

9225 Ridge Drive

Navarre, FL 32566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$2,596
Est. Monthly
4.94%
Cap Rate
Unit Size
-
Days on Market
89 days
Land Size
0.61 acres
Price per sqft
-
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
1999

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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: 12 months ago (ECAR #981158)

Price History

Date / Event Date Event Price
Oct 14, 2025 Sold
Premium
Sold
Mar 12, 2025 Listed by Keller Williams Realty Navarre $500,000
Listed by Keller Williams Realty Navarre
Mar 7, 2006 Sold
Premium
Sold
Sep 2, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 124

    Dimensions

  • Lot Size Square Feet: 26,702
  • Lot Size Depth Feet: 2,970
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000613
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: W2 OF NE4 OF SW4 OF NE4 OF SE4 LESS N 33 FT FOR RD (LESS E 75 FT FOR #37.1 FOR 2006) AS DES IN OR 2573 PG 1283 & AGAIN IN OR 3697 PG 942 & AS DES IN OSA IN OR 4362 PG 1298

Neighborhood

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

Zoning

  • Zoning: R1M

Geography

  • Assessors Map Reference: MAP 245 PG 258A
  • Parcel: 15-2S-26-0000-03700-0000
  • Meridian: SEC 15 TWN 2S RNG 26W
  • Municipality: HOLLEY-NAVARRE
  • Latitude: 30.415
  • Longitude: -86.8366

    Address

  • Full Address: 9225 Ridge Dr
  • Address - House Number: 9225
  • Address - Street Name: Ridge
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Navarre
  • Carrier Code: R032
  • 4-Digit Zip Code: 1189
  • Zip Code: 32566

Valuation

    Tax

  • Total Area: 2,016
  • Tax Year: 2023
  • Tax Amount: $146,441
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 0012

    Appraisal Valuation

  • Standard Deviation: 0.2282
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 237,111
  • High Value: 291,240
  • Low Value: 182,983

    Market Valuation

  • Market Total Value: $122,818
  • Market Land Value: $42,930
  • Market Improvement Value: $79,888

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,818
  • Assessed Land Value: $42,930
  • Assessed Improvements Value: $79,888

    Sales

  • Current Sale Contract Date: Mar 03, 2006
  • Current Sale Recording Date: Mar 07, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 200612642
  • Previous Sale Recording Date: Sep 02, 2003
  • Previous Sale Contract Date: Aug 27, 2003
  • Previous Sale Amount: $89,900
  • 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:

$416,250

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2002 ft²

Average Home Age

16 years

Currently For Sale

137 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: Jessica N Drew, Keller Williams Realty Navarre
Last Updated: 12 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 981158
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 9225 Ridge Drive built and last sold?
The property at 9225 Ridge Drive was built in 1999 and last sold on Mar 3, 2006 for $142,500.
How much is this home worth?
The estimated value of the home located at 9225 Ridge Drive is $0.
What are some comparable homes to 9225 Ridge Drive?
There are currently no comparable homes to 9225 Ridge Drive.
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