$75,000
●
Condo -
Off Market
9300 Us Highway 98 #6485
Miramar Beach, FL 32550
Studio
1 Bath
386 Ft²
$143,982
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model
About This Property
LEAST EXPENSIVE WAY TO BECOME A SANDESTIN OWNER! 4th floor studio
condo. Located in ''Le Ciel''(formally the Bayside Inn) located
directly on Choctawhatchee Bay in the heart of Sandestin Golf and
Beach Resort! The entire property was recently renovated in a South
Beach style and rebadged. 6485 offers view of the Linkside Golf
Course and Driving Range. Le Ceil/ Bayside is a favorite place to
stay for the Linkside conference Center guests and is also adjacent
to Another Broken Egg restaurant, the Links golf course, the Salon
& Day Spa, and the Sandestin fitness center.
Unit Size
386 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
Condo
Property Taxes
-
HOA Dues
$1,073
Year Built
-
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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 #600389)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2013 | Sold | ||
| Sold | |||
| Jul 1, 2013 | Listed by Fletchersales Realty | $74,000 | |
| Listed by Fletchersales Realty | |||
Property Highlights
Elevator
Air Conditioning
Interior Details
Full Bathrooms: 1
Interior Features: Furnished - All, Window Treatment All
Appliances: Microwave, Refrigerator
Rooms: 2
Exterior Details
Property Condition: Construction Complete
Year Built: 1985
Construction Materials: Concrete
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Electric, TV Cable
Location Details
Association Fee Includes: Accounting, Electricity, Ground Keeping, Insurance, Internet Service, Management, Master Association, Recreational Faclty, Security, Sewer, Telephone, Water, Cable TV, Trash
Association Fee Frequency: Quarterly
Association Fee2: $1,073
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/16/2013
|
Studio
|
1 Bath
|
386 ft²
|
$79,000
Studio
1 Bath
386 ft²
|
$73,000
-7.59%
12/06/2013
|
Robin A Lee
Florida Sales Realty
| |
|
07/01/2013
|
Studio
|
1 Bath
|
386 ft²
|
$74,000
Studio
1 Bath
386 ft²
|
$75,000
+1.35%
08/16/2013
|
Marcus Fletcher
Keller Williams Realty SW
| |
|
06/04/2013
|
Studio
|
1 Bath
|
386 ft²
|
$68,000
Studio
1 Bath
386 ft²
|
$65,000
-4.41%
06/28/2013
|
Robin A Lee
Florida Sales Realty
| |
|
10/02/2012
|
Studio
|
1 Bath
|
386 ft²
|
$49,000
Studio
1 Bath
386 ft²
|
$46,000
-6.12%
10/18/2012
|
Robin A Lee
Florida Sales Realty
| |
|
07/07/2011
|
Studio
|
1 Bath
|
386 ft²
|
$30,000
Studio
1 Bath
386 ft²
|
$36,000
+20.00%
03/09/2012
|
Lisa Snuggs
Keller Williams Realty Destin
|
Building Info
About Miramar Beach
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Listed by: Marcus V Fletcher, Fletchersales Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 600389
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 600389
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