NOT LISTED FOR SALE

244 Sandtrap Rd Miramar Beach, FL 32550

Estimated Value: $2,682,631 - $3,397,000

0.17 Acre
$18,540,635 Price per Acre
7,405 Sq Ft Lot

Last Sold August 18, 2017

Last sale price $850,000 $1,057 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $18,291/month

About This Lot

As of August 2017

A rare opportunity to purchase the last sizable lot in Miramar Beach that's only 30 feet from it's beach access, this property has substantial potential including unobstructed beach views and gross rental income of up to $300K. As an added bonus, a 720 square foot cottage that is currently undergoing extensive renovations will convey with the sale. Exterior improvements on the existing home include a new metal roof, a new screened in front porch, Hardie board siding, new doors, and new vinyl windows. Interior renovations consist of new plumbing, insulated foam in the attic and under the house, new flooring, new kitchen cabinets and granite counter tops, new vanities, new marble shower with rainfall shower head/diverter, new sheet-rock, new solid wood doors with crystal Emtek hardware, and a custom built bunk bed in the guest bedroom. Best off all, the cottage is off-grade, so re-positioning it on the lot to make way for a large main home is easy. Located within walking distance to Silver Sands and only a couple of minutes from the Sandestin Golf & Beach Resort, this 2nd tier property is sited in one of the most desirable areas of Miramar Beach. In addition, Sand Trap Road is an intimate and quiet street that's tucked away with no public parking, insuring there's always ample room at the beach for you and your family to enjoy. The adjacent lot just recently closed for $1.1 million, making this property priced for a quick sale a€“ it will not last long!

Last Agent to Sell the Property

Hal Crane

Ocean Reef Realty Inc License #3041694 Listed on: 08/18/2017

Last Buyer's Agent

Hal Crane

Ocean Reef Realty Inc License #3041694 Listed on: 08/18/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,735

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Property fronts a county road
  • Street terminates at a dead end

Property Views

  • Gulf Views

Schools

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

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 34-2S-21-42000-010-0000

Property Details

Property Type

Land

Est. Annual Taxes

$1,735

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.17
  • Lot Size: 50x150
  • Road Frontage Type: County Road
  • Road Surface Type: Paved Road
  • Directions: Turn South from Hwy 98 onto Sandtrap beside Palm Plaza across from Outlet Mall. Follow to end of street. Lot is directly opposite the beach access on right. Small frame home currently on lot.
  • Remarks Misc:Remarks: A rare opportunity to purchase the last sizable lot in Miramar Beach that's only 30 feet from it's beach access, this property has substantial potential including unobstructed beach views and gross rental income of up to $300K. As an added bonus, a 720 square foot cottage that is currently undergoing extensive renovations will convey with the sale. Exterior improvements on the existing home include a new metal roof, a new screened in front porch, Hardie board siding, new doors, and new vinyl windows. Interior renovations consist of new plumbing, insulated foam in the attic and under the house, new flooring, new kitchen cabinets and granite counter tops, new vanities, new marble shower with rainfall shower head/diverter, new sheet-rock, new solid wood doors with crystal Emtek hardware,
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Waterview:Gulf2: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Dead End, Survey Available, Within 1/2 Mile to Water
  • View: Gulf
  • Lot Features:Within 12 Mile to Water: Yes
  • Lot Features:Survey Available: Yes
  • Lot Features:Dead End: Yes

Utilities

  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 34-2S-21-42000-010-0000
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1734.8
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2017
Closed on
Aug 18, 2017
Sold by
Taylor Michael P
Bought by
Sovereign Properties Llc
Seller's Agent
Hal Crane
Ocean Reef Realty Inc
Buyer's Agent
Hal Crane
Ocean Reef Realty Inc
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$3,151,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,301,908
Avg. Annual Appreciation
16.80%

Purchase Details

Closed on
Jul 15, 2010
Sold by
Watson Sandra H and Bickford Sandra
Bought by
Taylor Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
4.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 28, 2005
Sold by
Taylor Michael P
Bought by
Michael P Taylor Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Sovereign Properties Llc $850,000 Aqua Title Services
Taylor Michael P $400,000 Aqua Title
Taylor Michael P -- Aqua Title
Michael P Taylor Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Michael P $535,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $850,000 0.0% $1,057 / Sq Ft
08/18/2017 08/18/17 For Sale $850,000 -- $1,057 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
Source: Emerald Coast Association of REALTORS®

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
2025 $22,686 $2,716,280 $650,000 $2,066,280
2024 $18,994 $2,537,653 $450,785 $2,086,868
2023 $18,994 $1,923,376 $0 $0
2022 $17,777 $2,107,258 $500,372 $1,606,886
2021 $13,438 $1,457,590 $437,655 $1,019,935
2020 $3,807 $440,282 $400,400 $39,882
2019 $3,569 $425,949 $385,000 $40,949
2018 $2,808 $281,570 $0 $0
2017 $1,770 $178,538 $122,408 $56,130
2016 $1,735 $173,366 $0 $0
2015 $1,673 $164,544 $0 $0
2014 $1,601 $155,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2017

    Hal Crane

    Ocean Reef Realty Inc

    (850) 585-1637

    14 in this area

    30 Total Sales

    Hal Crane
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 771437

Emerald Coast Association of REALTORS®

APN: 34-2S-21-42000-010-0000

Florida Walton County Miramar Beach 32550

244 Sandtrap Rd, Miramar Beach, FL

Not Listed for Sale

Lots

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