1088 Forest Lake Terrace Niceville, FL 32578
3
Beds
2
Baths
1,744
Sq Ft
10,454
Sq Ft Lot
Highlights
- Deck
- Vaulted Ceiling
- Great Room
- Lula J. Edge Elementary School Rated A-
- Traditional Architecture
- Covered Patio or Porch
About This Home
As of August 2025Quiet serenity awaits you in this custom home located on a wooded lot backing up to a delightful creek so you feel like you are living in a treehouse! When you enter this home, you will notice the custom arches leading to a light and bright greatroom with a vaulted ceiling and sliding glass doors leading to a covered porch and a huge wrap around deck along the back of the house making this the perfect place for outdoor living. The kitchen features a unique 'pass through' to the greatroom as well as plenty of cabinet and counter space. The master suite has an updated bath with a large shower and the additional 2 bedrooms share another full bath. This home is move in ready with fresh paint as well as new LVP and carpet. Practical notes: Water Heater (2025), Roof (2015), HVAC (2007)
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $996
Year Built
- Built in 1996
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 65x140x67x157
- Cul-De-Sac
- Interior Lot
Parking
- 2 Car Attached Garage
- Automatic Garage Door Opener
Home Design
- Traditional Architecture
- Frame Construction
- Dimensional Roof
- Ridge Vents on the Roof
- Vinyl Siding
- Three Sided Brick Exterior Elevation
Interior Spaces
- 1,744 Sq Ft Home
- 1-Story Property
- Woodwork
- Vaulted Ceiling
- Ceiling Fan
- Fireplace
- Double Pane Windows
- Great Room
- Breakfast Room
- Pull Down Stairs to Attic
- Fire and Smoke Detector
Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Range Hood
- Dishwasher
- Disposal
Flooring
- Painted or Stained Flooring
- Wall to Wall Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Primary Bathroom includes a Walk-In Shower
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Edge Elementary School
- Ruckel Middle School
- Niceville High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Phone Available
- Cable TV Available
Community Details
- Forest Lake S/D Subdivision
Listing and Financial Details
- Assessor Parcel Number 05-1S-22-0950-0000-0140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2025
Closed on
Aug 11, 2025
Sold by
Madeline Busovne Irrevocable Trust and Busovne Bernard J
Bought by
Steinhorst Luke and Steinhorst Marichu
Seller's Agent
Janice Busovne
Keller Williams Realty Nville
Buyer's Agent
Tammy Moore
Keller Williams Realty FWB
List Price
$389,900
Sold Price
$375,000
Premium/Discount to List
-$14,900
-3.82%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
158.98%
Original Mortgage
$300,000
Outstanding Balance
$300,000
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$100,830
Purchase Details
Closed on
Oct 29, 2024
Sold by
Busovne Family Trust and Busovne Madeline S
Bought by
Busovne Madeline S and Madeline Busovne Irrevocable Trust
Purchase Details
Closed on
Nov 17, 2017
Sold by
Busovne Bernard J and Busovne Madeline S
Bought by
Busovne Bernard Joseph and Busovne Madeline Setzer
Similar Homes in Niceville, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $375,000 | Bradley Title | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $88,450 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Sold | $375,000 | -3.8% | $215 / Sq Ft |
| 07/13/2025 07/13/25 | Pending | -- | -- | -- |
| 07/02/2025 07/02/25 | For Sale | $389,900 | -- | $224 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $996 | $148,152 | -- | -- |
| 2023 | $996 | $143,837 | $0 | $0 |
| 2022 | $941 | $139,648 | $0 | $0 |
| 2021 | $928 | $135,581 | $0 | $0 |
| 2020 | $913 | $133,709 | $0 | $0 |
| 2019 | $890 | $130,703 | $0 | $0 |
| 2018 | $872 | $128,266 | $0 | $0 |
| 2017 | $859 | $125,628 | $0 | $0 |
| 2016 | $844 | $123,044 | $0 | $0 |
| 2015 | $868 | $122,189 | $0 | $0 |
| 2014 | $870 | $121,219 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Janice Busovne
J
Seller's Agent in 2025
Janice Busovne
Keller Williams Realty Nville
(850) 279-4332
36 in this area
147 Total Sales
-
Tammy Moore
T
Buyer's Agent in 2025
Tammy Moore
Keller Williams Realty FWB
(850) 218-1085
2 in this area
121 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 980110
APN: 05-1S-22-0950-0000-0140
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