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Destin 32541
938 BAMBI Drive
$703,000
● House - Off Market

938 BAMBI Drive

Destin, FL 32541
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,303 Ft²
$1,331,139
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Bayfront opportunity, in Cobbs Point, one of the most exclusive streets in Destin ,with many multi million dollar homes. Includes dock and boatlift The home is exquisite, the bayfront is beautiful, and you wont find a better deal on the bay in all of Destin. Home does NOT require flood insurance . Features include hardwood floors, granite, stainless appliances, new paint, new carpet, new lights. You will fall in love intantly. This quiet private cul de sac is drenched in southern charm with mossy oaks, magnolia trees, and just pure beauty and charm. For many of the locals, this is the most beautiful spot

in all of Destin. This opportunity is rare. Don't miss your chance. Agent has ownership interest. All measurements and square footage are estimates and should be verified by b
Unit Size
2,303 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$326
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
2010

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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 #720730)

Price History

Date / Event Date Event Price
Apr 27, 2021 Sold
Premium
Sold
Aug 7, 2015 Sold
Premium
Sold
Jan 12, 2015 Listed by Silver Real Estate $750,000
Listed by Silver Real Estate

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,355
  • Lot Size Frontage Feet: 460
  • Total Building Area: 3,244
  • Gross Building Area: 3,244
  • Building Area: 2,726
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,726
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JAMES COTTAGES
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: JAMES COTTAGES LOT 2

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: MAP 5
  • Parcel: 00-2S-22-1006-0000-0020
  • Block: 5
  • Lot: 2
  • Municipality: DESTIN
  • Latitude: 30.4164
  • Longitude: -86.4873

    Address

  • Full Address: 938 Bambi Dr
  • Address - House Number: 938
  • Address - Street Name: Bambi
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 1833
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,781
  • Tax Year: 2023
  • Tax Amount: $540,222
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,038,414
  • High Value: 1,242,178
  • Low Value: 834,650

    Market Valuation

  • Market Total Value: $800,811
  • Market Land Value: $466,623
  • Market Improvement Value: $334,188

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $490,751

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: Apr 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3450246
  • Previous Sale Recording Date: Aug 07, 2015
  • Previous Sale Contract Date: Jul 31, 2015
  • Previous Sale Amount: $703,000
  • 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 Destin

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$410

Below Asking

0.03%

Average Days on Market

99

Average Home Size

1694 ft²

Average Home Age

31.6 years

Currently For Sale

538 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

Rentals Near You

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ECAR

Listed by: Ann Marie James, Silver Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 720730
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 938 Bambi Drive built and last sold?
The property at 938 Bambi Drive was built in 2010 and last sold on Apr 15, 2021 for $575,000.
How much is this home worth?
The estimated value of the home located at 938 Bambi Drive is $0.
What are some comparable homes to 938 Bambi Drive?
There are currently no comparable homes to 938 Bambi Drive.
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