NOT LISTED FOR SALE

186 Kara Lake Dr Santa Rosa Beach, FL 32459

Estimated Value: $458,083 - $505,000

3 Beds
2.5 Baths
1,652 Sq Ft
$288/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $437,000 $265 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,010/month

109 Days on Market

Highlights

  • Lake Front
  • Boat Dock
  • Pond
  • Dune Lakes Elementary School Rated A-
  • Home fronts a pond
  • Newly Painted Property

About This Home

As of March 2023

Back on market through no fault of seller.

Brand new home (2022)conveniently nestled in a highly desirable community with gorgeous waterfront views. This home exudes welcoming vibes with an openly flowing floorplan, beautiful faux wood LVP flooring, abundant natural light, high ceilings, bright white crown moulding, a modern color scheme, a covered balcony, and an expansive living room.

Perfect for entertaining, the open concept gourmet kitchen features stainless-steel appliances, a gas range, white shaker cabinetry, quartz countertops, a pantry, and an adjoining dining area. Blissfully relax in the oversized primary bedroom with ample closet space, patio access, and an attached en suite boasting dual sinks. Other features: attached garage, laundry area, community pool and dock, close to shopping, beaches, US HWY 98, and dining, and more!

First Floor (Two Bedrooms, Coat Closet, Laundry, and Full Bathroom with Tub)

Upon entrance you'll notice the Luxury vinyl plank flooring, high ceilings, and crown molding which give this home a luxury feel.

Both bedrooms have exterior doors which lead to a patio overlooking the lake.

Second Floor: (Living Room, Kitchen, Master Bedroom & bathroom, half bath, and screened balcony)

The kitchen includes custom cabinetry, soft close cabinets, stainless-steel appliances, gas stove, dishwasher and Quartz counter tops.

Step out onto the large balcony and soak up nature as you look over the lake and trees. Enjoy Florida without the bugs with this screened in Balcony!

Down the hall is the master bedroom with private balcony, walk-in closet, and master bath with glass shower and dual sinks.
Take a brief walk to the gated pool area with restrooms and spectacular views of the lake. Enjoy the fountain in the lake as you hang out on the dock.

Low HOA includes landscaping, internet, and more.

The new quality build, price, low HOA (which includes landscaping & internet), lower insurance, and location make this a good investment.

Buyer to verify all pertinent information including room size and sqf.

Last Agent to Sell the Property

Arlen Busenitz

Legacy Premier Agency LLC License #3467578 Listed on: 02/04/2023

Last Buyer's Agent

Beau Blankenship

Christies International Real Estate Emerald Coast

Christies International Real Estate Emerald Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,152

Year Built

  • Built in 2022

Lot Details

  • Home fronts a pond
  • Lake Front
  • Street terminates at a dead end
  • Sprinkler System

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Property Views

  • Lake
  • Pond

Home Design

  • Florida Architecture
  • Property Attached
  • Newly Painted Property
  • Shingle Roof
  • Cement Board or Planked

Interior Spaces

  • 1,652 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Screened Porch
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Exterior Washer Dryer Hookup

Kitchen

  • Walk-In Pantry
  • Gas Oven or Range
  • Induction Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Outdoor Features

  • Docks
  • Pond
  • Balcony
  • Covered Deck

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 26-2S-20-33220-000-0330

Community Details

Overview

  • Association fees include ground keeping, internet service, management, recreational faclty
  • Kara Lake Townhomes Subdivision

Recreation

  • Boat Dock
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,152

Year Built

Built in 2022

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Property Sub Type: Attached Single Unit
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: KARA LAKE TOWNHOMES
  • Directions: Head East on Hwy 98 from the Hwy 393 intersection. Turn left (North) on Veterans Rd. Kara Lake is on your left.
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2022
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Covered Porch: Yes
  • Waterfront:Unit Waterfront: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Natural: Yes
  • Waterfront:Lake: Yes
  • Waterfront:Pond: Yes
  • Waterview:Pond2: Yes
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Freezer, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Gas, Warranty Provided
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Crwn Molding, Ceiling Raised, Floor Vinyl, Kitchen Island, Newly Painted, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:Warranty Provided: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Floor Vinyl: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:Freezer: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes

Exterior Features

  • Lot Features: Dead End, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Pond, Lake
  • Waterfront Features: Unit Waterfront, Lake, Pond
  • Waterfront: Yes
  • Construction Type: Roof Shingle/Shake, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, Deck Enclosed, Dock, Patio Covered, Porch Screened, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • ConstructionSiding:Roof ShingleShake: Yes
  • Lot Features:Dead End: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:Deck Enclosed: Yes
  • Exterior:Dock: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Dock, Pets Allowed, Pool, Waterfront
  • Association #2 Fee: 250.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Internet Service, Management, Recreational Faclty

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 26-2S-20-33220-000-0330
  • Zoning: Resid Multi-Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2023
Closed on
Mar 10, 2023
Sold by
Panhandle Property Investments Llc
Bought by
Yilmaz Alper and Yilmaz Ayse Selen
Seller's Agent
Arlen Busenitz
Legacy Premier Agency LLC
Buyer's Agent
Beau Blankenship
Christies International Real Estate Emerald Coast
List Price
$439,000
Sold Price
$437,000
Premium/Discount to List
-$2,000
-0.46%
Views
37
Current Estimated Value
$476,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,021
Avg. Annual Appreciation
3.29%
Original Mortgage
$393,300
Outstanding Balance
$381,217
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$94,804

Purchase Details

Closed on
Oct 17, 2022
Sold by
Kara Lakes Llc
Bought by
Panhandle Property Investments Llc
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yilmaz Alper $437,000 South Oak Title
Panhandle Property Investments Llc $379,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yilmaz Alper $393,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2024 08/18/24 Off Market $437,000 -- --
03/10/2023 03/10/23 Sold $437,000 -0.5% $265 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
02/04/2023 02/04/23 For Sale $439,000 0.0% $266 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
12/12/2022 12/12/22 Price Changed $439,000 -0.2% $266 / Sq Ft
12/06/2022 12/06/22 Price Changed $440,000 -1.1% $266 / Sq Ft
12/02/2022 12/02/22 Price Changed $445,000 -0.9% $269 / Sq Ft
11/24/2022 11/24/22 Price Changed $449,000 -1.3% $272 / Sq Ft
11/10/2022 11/10/22 Price Changed $455,000 -1.1% $275 / Sq Ft
10/31/2022 10/31/22 Price Changed $460,000 -1.5% $278 / Sq Ft
10/26/2022 10/26/22 Price Changed $467,000 -0.4% $283 / Sq Ft
10/19/2022 10/19/22 For Sale $469,000 -- $284 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,152 $399,858 $50,000 $349,858
2023 $3,152 $346,920 $0 $346,920
2022 $54 $5,811 $0 $5,811
2021 $56 $5,811 $0 $5,811
2020 $58 $5,811 $0 $5,811
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 910353

Emerald Coast Association of REALTORS®

APN: 26-2S-20-33220-000-0330