$550,000
SOLD APR 30, 2025

487 Meadow Lake Dr Freeport, FL 32439

3 Beds
2.5 Baths
2,222 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$248 Per Sq Ft

11% Below List Price

201 Days on Market

Highlights

  • Boat Dock
  • Fishing
  • Community Pool
  • Freeport Middle School Rated A-
  • Craftsman Architecture
  • Tennis Courts

About This Home

As of April 2025

Welcome Home! Offering luxury at an inviting price. This meticulously maintained residence boasts high-end finishes and impressive curb appeal, all within 2,222 square feet of elegant living space. With 3 spacious bedrooms, a versatile large office, and 2.5 stylish bathrooms, this home is designed for comfort and sophistication.

The heart of the home features a gourmet kitchen that seamlessly flows into the living area, perfect for both daily life and entertaining. Highlights include pristine white granite countertops, a built-in convection oven, a 5-burner gas cooktop, and a commercial-size refrigerator. Additional modern conveniences such as an insulated garage door and a tankless gas hot water heater enhance the home's efficiency and appeal Located in The Meadows of Hammock Bay, a coveted neighborhood built by Randy Wise, this home is situated in one of the Emerald Coast's most sought-after areas. Residents enjoy a wealth of amenities, including a massive fitness center, multiple swimming pools, tennis and pickle-ball courts, basketball facilities, scenic walking and biking trails, a dog park, an amphitheater, a restaurant, a convenience store, Bay access, and more.

Don't miss the opportunity to make this luxurious home yours. Contact us today for more information or to schedule your private showing!

Last Agent to Sell the Property

Jordan Jarrett

Keller Williams Success Realty License #3376524 Listed on: 03/26/2025

Keller Williams Success Realty

Last Buyer's Agent

ecn.rets.e6258

ecn.rets.RETS_OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,021

Year Built

  • Built in 2019

Lot Details

  • 8,276 Sq Ft Lot
  • Back Yard Fenced
  • Interior Lot

HOA Fees

  • $181 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Ridge Vents on the Roof
  • Composition Shingle Roof
  • Roof Vent Fans
  • Concrete Siding

Interior Spaces

  • 2,222 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Family Room
  • Dining Area
  • Home Office
  • Exterior Washer Dryer Hookup

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed Patio or Porch
  • Rain Gutters

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Utilities

  • Central Air
  • Air Source Heat Pump
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 17-1S-19-23121-000-0550

Community Details

Overview

  • Association fees include accounting, recreational faclty
  • Hammock Bay Ph 2 Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Community Pavilion
  • Recreation Room

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,021

Year Built

Built in 2019

Lot Details

0

HOA Fees

$181 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Lot Size: approx 70' x 120'
  • Road Frontage Type: City Street
  • Subdivision Name: HAMMOCK BAY PH 2
  • Directions: From Hwy 331 take Hwy 20 west to Great Hammock Bend and turn left. Follow Great Hammock Bend to Hammock Trail West and turn right. Stay on Hammock Trail West to Meadow Lake Drive and turn right.
  • Architectural Style: Craftsman Style
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2019
  • Remarks Misc:Remarks: Welcome Home! Offering luxury at an inviting price. This meticulously maintained residence boasts high-end finishes and impressive curb appeal, all within 2,222 square feet of elegant living space. With 3 spacious bedrooms, a versatile large office, and 2.5 stylish bathrooms, this home is designed for comfort and sophistication. The heart of the home features a gourmet kitchen that seamlessly flows into the living area, perfect for both daily life and entertaining. Highlights include pristine white granite countertops, a built-in convection oven, a 5-burner gas cooktop, and a commercial-size refrigerator. Additional modern conveniences such as an insulated garage door and a tankless gas hot water heater enhance the home's efficiency and appeal
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Covered Porch: Yes
  • Rooms:Dining Area: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Energy:Roof Vent: Yes
  • Energy:Water Heater - Gas: Yes
  • Rooms:Family Room: Yes
  • Energy:Ridge Vent: Yes
  • Rooms:Office2: Yes
  • Energy:Heat Pump AA Two: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished - None
  • Appliances: Dishwasher, Disposal, Freezer, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Gas, Water Heater - Gas, Water Heater - Tnkls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Floor Laminate, Floor Tile
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Kitchen Island, Lighting Recessed, Pantry, Split Bedroom, Washer/Dryer Hookup
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:Freezer: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Security System: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Lot Features: Interior, Sidewalk, Survey Available
  • Pool Features: Pool Type
  • Construction Type: Concrete, Brick, Frame
  • Exterior Features: Rain Gutter, Fenced Back Yard
  • Foundation Details: Slab
  • Patio And Porch Features: Patio Enclosed
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Lot Features:Interior: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Survey Available: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Fenced Back Yard: Yes
  • ConstructionSiding:Brick: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes
  • Lot Features:Sidewalk: Yes
  • Exterior:Rain Gutter: Yes
  • Exterior:Patio Enclosed: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Rooms:Garage5: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump A/A Two +
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Gas - Natural, Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Pickle Ball, BBQ Pit/Grill, Community Room, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis
  • Association #2 Fee: 542.59
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Recreational Faclty

Schools

  • Elementary School: Freeport
  • High School: Freeport
  • Middle Or Junior School: Freeport

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 17-1S-19-23121-000-0550
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6021.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2025
Closed on
Apr 18, 2025
Sold by
Kramer Justin and Kramer Hillary
Bought by
Meador Preston and Meador Ann
Seller's Agent
Jordan Jarrett
Keller Williams Success Realty
Buyer's Agent
ecn.rets.e6258
ecn.rets.RETS_OFFICE
List Price
$615,000
Sold Price
$550,000
Premium/Discount to List
-$65,000
-10.57%
Views
43
Current Estimated Value
$551,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,838
Avg. Annual Appreciation
0.49%
Original Mortgage
$445,500
Outstanding Balance
$442,727
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$109,111

Purchase Details

Closed on
Feb 28, 2020
Sold by
Randy Wise Homes Inc
Bought by
Kramer Justin and Kramer Hillary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,822
Interest Rate
3.6%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $550,000 None Listed On Document
Warranty Deed $408,799 Setco Services Llc
Warranty Deed -- Setco
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $445,500 New Conventional
Previous Owner $363,822 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $550,000 -1.8% $248 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
02/19/2025 02/19/25 Off Market $560,000 -- --
02/11/2025 02/11/25 Price Changed $560,000 -2.6% $252 / Sq Ft
01/14/2025 01/14/25 Price Changed $575,000 -2.5% $259 / Sq Ft
12/04/2024 12/04/24 Price Changed $590,000 -1.7% $266 / Sq Ft
09/25/2024 09/25/24 Price Changed $600,000 -2.4% $270 / Sq Ft
09/06/2024 09/06/24 For Sale $615,000 0.0% $277 / Sq Ft
08/26/2022 08/26/22 Rented $3,300 -9.6% --
08/16/2022 08/16/22 For Rent $3,650 -- --
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
2025 $6,043 $476,255 $55,000 $421,255
2024 $6,272 $470,740 $49,485 $421,255
2023 $6,272 $474,977 $49,485 $425,492
2022 $3,791 $332,267 $0 $0
2021 $3,787 $322,589 $0 $0
2020 $4,267 $316,715 $38,728 $277,987
2019 $505 $37,600 $37,600 $0
2018 $467 $34,658 $0 $0
2017 $454 $33,649 $33,649 $0
2016 $0 $33,649 $33,649 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 958628

Emerald Coast Association of REALTORS®

APN: 17-1S-19-23121-000-0550