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$300,000
● Condo - Off Market

Miramar Beach, FL
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,617 Ft²
$701,360
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

THIS NORTHWEST CORNER UNIT OFFERS FANTASTIC VIEWS FROM IT'S BALCONY OF THE GULF OF MEXICO, CHOCTAWHATCHEE BAY, SEASCAPE GOLF COURSE, AND SUNSETS ALMOST YEAR ROUND. NEW CARPET JUST INSTALLED MAKES THIS HOME MOVE IN READY! TASTEFULLY FURNISHED 3 BEDROOM RESIDENCE WITH A 2 BEDROOM/2 BATH UNIT AND A STUDIO WITH THE FLEXIBILITY OF A LOCKOUT OPTION. THIS SETUP OFFERS MANY WAYS TO PRODUCE RENTAL INCOME WITH ONE, TWO, AND THREE BEDROOMS. ENJOY ALL THE AMENITIES THAT SURFSIDE HAS TO OFFER INCLUDING AN ELEVATED WALKOVER TO THE BEACH, HEATED POOL WITH HOT TUB AND SPACIOUS SUNDECK, ON-SITE RESTAURANT, TENNIS, STEAM ROOM, AND SAUNA. CONVENIENTLY LOCATED CLOSE TO SILVER SANDS SHOPPING, A FULL RANGE OF RESTAURANTS, AND THE SANDESTIN RESORT.
Unit Size
1,617 Ft²
Days on Market
-
Land Size
-
Price per sqft
$201
Property Type
Condo
Property Taxes
-
HOA Dues
$2,669
Year Built
-

Payment Calculator

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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 #556007)

Price History

Date / Event Date Event Price
Oct 29, 2012 Sold
Premium
Sold
Apr 15, 2011 Listed by La Florida Coastal Properties $325,000
Listed by La Florida Coastal Properties

Property Highlights

With View
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Interior Features: Ceiling Crwn Molding, Floor WW Carpet, Furnished - All, Lighting Recessed, Walls Mirrored, Washer/Dryer Hookup, Window Treatment All
Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Stove/Oven Electric, Washer
Rooms: 6
Exterior Details
Property Condition: Construction Complete
Year Built: 1986
Utilities Details
Cooling Type: Gas
Utilities: Electric, Public Sewer, Public Water, TV Cable
Location Details
Association Fee Frequency: Quarterly
Association Fee2: $2,669

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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ECAR

Listed by: Gay Landreth, La Florida Coastal Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 556007
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.
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