NOT LISTED FOR SALE

487 Meadow Lake Dr Freeport, FL 32439

Freeport Area

Estimated Value: $525,000 - $551,235

3 Beds
2.5 Baths
2,222 Sq Ft
$242/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2025

Last sale price $550,000 $248 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,461 / mo

198 Days on Market

Highlights

  • Community Boat Dock
  • Craftsman Architecture
  • Home Office
  • Freeport Middle School Rated A-
  • Tennis Courts
  • Enclosed Patio or Porch

About This Home

As of April 2025

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
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 Listed on: 09/09/2024

Keller Williams Success Realty

Co-Listed By

Mark Parish

Keller Williams Success Realty License #SL3349882

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,272

Year Built

  • Built in 2019

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 120 x 70
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Double Pane Windows
  • Family Room
  • Dining Room
  • Home Office
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet

Community Details

Overview

  • Property has a Home Owners Association
  • Hammock Bay Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Boat Dock
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,272

Year Built

Built in 2019

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2019
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.19
  • Lot Size: 120 x 70
  • Co List Office Mls Id: BKWS
  • Co List Office Phone: 850-249-0313
  • Subdivision Name: Hammock Bay
  • Architectural Style: Craftsman
  • New Construction: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Gas Oven
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Dining Room Type: Bedroom, Dining Room, Family Room, Garage, Kitchen, Primary Bedroom, Office, Porch
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Fenced
  • Waterfront: No
  • Construction Type: Brick, Frame, Concrete
  • Exterior Features: Patio
  • Patio And Porch Features: Enclosed, Patio
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Garage: Yes
  • Attached Garage: No

Utilities

  • Utilities: Electricity Available, High Speed Internet Available
  • Security Features: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Barbecue, Dock, Fitness Center, Tennis Court(s)
  • Amenities: Gazebo
  • Association: Yes

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 8276.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Furnished: None

Tax Info

  • Tax Annual Amount: 6272.0
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Apr 18, 2025
Sold by
Kramer Justin and Kramer Hillary
Bought by
Seller's Agent
Jordan Jarrett
Keller Williams Success Realty
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$615,000
Sold Price
$550,000
Premium/Discount to List
-$65,000
-10.57%
Views
43
Current Estimated Value
$538,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,441
Avg. Annual Appreciation
-1.55%
Original Mortgage
$445,500
Outstanding Balance
$439,844
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$98,715

Purchase Details

Closed on
Feb 28, 2020
Sold by
Buckhead Holdings Inc
Bought by
Randy Wise Homes Inc

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Freeport, FL

  • MW

    Mary Bess Wilson

    Real Estate Empowered LLC

    (850) 601-8691

    23 Total Sales

    1 in Freeport

    $1,000,000 Price

    Mary Bess Wilson
     Section Image
  • Blaine Atkinson Real Estate Agent - Live 30A Real Estate LLC

    Blaine Atkinson

    Live 30A Real Estate LLC

    (850) 805-8023

    12 Total Sales

    2 in Freeport

    $235K - $275K Price Range

    Blaine Atkinson
     Section Image
  • Dahler & Co. Real Estate Agent - Scenic Sotheby's International Realty

    Dahler & Co.

    Scenic Sotheby's International Realty

    (850) 749-3419

    230 Total Sales

    5 in Freeport

    $355K - $1.5M Price Range

    Dahler & Co.
     Section Image
  • Karen Phillips Real Estate Agent - The Agency Northwest Florida Beaches

    Karen Phillips

    The Agency Northwest Florida Beaches

    (850) 812-5849

    102 Total Sales

    1 in Freeport

    $425,000 Price

    Karen Phillips
     Section Image
  • Shantel Peterson Real Estate Agent - Real Broker LLC

    Shantel Peterson

    Real Broker LLC

    (850) 533-8778

    17 Total Sales

    1 in Freeport

    $380,936 Price

    Shantel Peterson
     Section Image
  • JJ Botelho Real Estate Agent - Coastal Realty Services

    JJ Botelho

    Coastal Realty Services

    (850) 467-9765

    31 Total Sales

    2 in Freeport

    $290K - $685K Price Range

    JJ Botelho
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 None Listed On Document
Randy Wise Homes Inc -- Setco
Kramer Justin $408,799 Setco Services Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $445,500
Previous Owner Kramer Justin $366,175
Previous Owner Kramer Justin $363,822
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- -- --
02/11/2025 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
09/20/2024 09/20/24 Price Changed $600,000 -2.4% $270 / Sq Ft
09/09/2024 09/09/24 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: Central Panhandle Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • JJ

    Seller's Agent in 2025

    Jordan Jarrett

    Keller Williams Success Realty

    (850) 890-4220

    130 Total Sales

    Jordan Jarrett
    Section Image

  • MP

    Seller Co-Listing Agent in 2025

    Mark Parish

    Keller Williams Success Realty

  • NM

    Buyer's Agent in 2025

    Non Member

    NON-MEMBER OFFICE

  • MR

    Seller's Agent in 2022

    Melissa Raulerson

    ONE Family Property Services LLC

    (850) 974-1394

    Melissa Raulerson
    Section Image
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 762439

Central Panhandle Association of REALTORS®

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

Florida Walton County Freeport 32439

487 Meadow Lake Dr, Freeport, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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