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Miramar Beach 32550
97 Bay Tree Drive
$245,000
● House - Off Market

97 Bay Tree Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,788 Ft²
$444,908
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Well maintained home in the Bayside subdivision in Miramar Beach. Three bedroom, 2 bath split master plan, with separate dining area, breakfast nook and breakfast bar. The master sports two large closets, trey ceiling, new carpet and large master bath area with double vanities separate tub and shower. Storm door on front door, the foyer, dining and living area have high ceilings, the two bedrooms have new carpet and a cathedral ceiling in one of the guest bedrooms. Large enclosed Florida room with tile accents and windows. Six foot privacy fence in back yard, sprinkler system and the home in on a termite bond. The garage is also vented with a/c. This home will not last long.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
-
Price per sqft
$140
Property Type
House
Property Taxes
$113
HOA Dues
$60
Year Built
1995

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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 #722206)

Price History

Date / Event Date Event Price
Feb 14, 2024 Sold
Premium
Sold
Jan 3, 2024 No longer available -
No longer available
Sep 26, 2023 Listed by Coldwell Banker Realty $549,000
Listed by Coldwell Banker Realty
Jun 3, 2015 Sold
Premium
Sold
Feb 2, 2015 Listed by Coldwell Banker Realty $249,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,600
  • Total Building Area: 2,198
  • Gross Building Area: 2,440
  • Building Area: 1,757
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,757
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYSIDE
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 9 BLK A TREETOPS AT BAYSIDE PB 10-23 OR 1328-218 OR 2122-307 OR 2271-380 OR 2486-1504 OR 2980-4287 OR 3084-4677

Neighborhood

  • Census Tract: 950609

Geography

  • Parcel: 28-2S-21-42401-00A-0090
  • Block: A
  • Lot: 9
  • Meridian: SEC 28 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3829
  • Longitude: -86.3512

    Address

  • Full Address: 97 Bay Tree Dr
  • Address - House Number: 97
  • Address - Street Name: Bay Tree
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 4882
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,199
  • Tax Year: 2022
  • Tax Amount: $187,734
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 92
  • Final Value: 530,264
  • High Value: 577,352
  • Low Value: 483,176

    Market Valuation

  • Market Total Value: $362,272
  • Market Land Value: $59,646
  • Market Improvement Value: $302,626

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $245,745

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 12, 2024
  • Current Sale Recording Date: Feb 14, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5054
  • Previous Sale Recording Date: Sep 13, 2018
  • Previous Sale Contract Date: Sep 10, 2018
  • Previous Sale Amount: $310,000
  • 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 Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1711 ft²

Average Home Age

26.6 years

Currently For Sale

983 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: Sandra L Sharpe, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 722206
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 97 Bay Tree Drive built and last sold?
The property at 97 Bay Tree Drive was built in 1995 and last sold on Feb 12, 2024 for $528,000.
How much is this home worth?
The estimated value of the home located at 97 Bay Tree Drive is $556,592.
What are some comparable homes to 97 Bay Tree Drive?
There are currently no comparable homes to 97 Bay Tree Drive.
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