NOT LISTED FOR SALE

7 Cape Cir Inlet Beach, FL 32413

Estimated Value: $2,553,356 - $2,668,000

5 Beds
5 Baths
3,570 Sq Ft
$732/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,495,000 $419 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $16,030/month

92 Days on Market

Highlights

  • Gulf View
  • Vaulted Ceiling
  • Bonus Room
  • Bay Elementary School Rated A-
  • Beach House
  • Corner Lot

About This Home

As of August 2020

Exemplary coastal design juxtaposed sweeping gulf views characterize this impressive recently constructed custom home masterfully designed and executed by Betterbuilt Homes of Northwest Florida. Primely located on the corner of Mathis Cove and Wall Street, this premier luxury retreat is steps to the beach as well as conveniently located adjacent to a community pool offering a spacious open floor plan as well as a soaring four story vertical footprint. Notable features include a private elevator, five spacious bedroom suites with ensuite bathrooms as well as custom furnishings with designer decor throughout yielding a sophisticated turn-key rental product with $100,000-$120,000+ in projected gross annual income. The open floor plan takes full advantage of this prime location with easy accessibility both from the custom oak staircase and a commercial grade elevator. The first level offers a secondary living/game room with a full sized king suite and ensuite bathroom as well as a private laundry area for optimal convenience. The second floor is a superb inverted design anchoring the primary living areas which include the gorgeous chef's kitchen complete with quartz countertops, custom cabinetry with ample storage and gas appliances. The sizable living room is both cozy and refined complete with beamed ceilings and coastalized oak hardwood flooring centered around a beautiful gas fireplace and directly adjacent to the kitchen & dining area. The second level also offers a full bedroom suite offering gulf views as well as an adjoining full bath. The third level is defined by the master suite which allows excellent gulf view corridors as well as a spa-like master bathroom complete with marble tile flooring, dual vanities, soaking tub and walk-inshower. The third floor also offers an additional guest suite with it's own private bathroom. The fourth story is the pinnacle living space taking full advantage of gulf and sunset vistas offering a flexible indoor/outdoor living area complete with an outdoor summer kitchen as well as a covered sitting area. Inlet Beach is located just adjacent to Rosemary Beach and offers a relaxed lifestyle with close proximity to the ECP International Airport as well as world class shopping, dining, golfing and local entertainment along the pristine white sand beaches of 30A.

Last Agent to Sell the Property

Spears Group

Scenic Sotheby's International Realty Listed on: 04/13/2020

Last Buyer's Agent

Cyndi Wilkinson

Rosemary Beach Realty LLC License #3281308

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,947

Year Built

  • Built in 2019

Lot Details

  • Lot Dimensions are 42.48x78.17
  • Property is Fully Fenced
  • Corner Lot

HOA Fees

  • $193 Monthly HOA Fees

Parking

  • Guest Parking

Home Design

  • Beach House
  • Frame Construction

Interior Spaces

  • 3,570 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Furnished
  • Shelving
  • Crown Molding
  • Beamed Ceilings
  • Vaulted Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Plantation Shutters
  • Great Room
  • Living Room
  • Dining Area
  • Bonus Room
  • Tile Flooring
  • Gulf Views
  • Fire and Smoke Detector
  • Exterior Washer Dryer Hookup

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Built-In Barbecue

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 36-3S-18-16310-000-0010

Community Details

Overview

  • Association fees include recreational faclty
  • Heron At Inlet Beach Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,947

Year Built

Built in 2019

Lot Details

0

HOA Fees

$193 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 42.48x78.17
  • Road Surface Type: Paved
  • Subdivision Name: Heron at Inlet Beach
  • Directions: From US Hwy 98 in Inlet Beach, turn South onto S. Wall St and Mathis Cove is on the left. The home is on the corner of S Wall St and Mathis Cove.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 4
  • Year Built: 2019
  • Utilities Electric: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Smoke Detector, Stove/Oven Gas
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Beamed, Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace, Fireplace Gas, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Plantation Shutters, Shelving, Washer/Dryer Hookup, Window Treatment All
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:StoveOven Gas: Yes

Exterior Features

  • Lot Features: Corner, Restrictions, Sidewalk, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Frame
  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Lot-All, Patio Covered, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Frame: Yes
  • Lot Features:Sidewalk: Yes
  • Lot Features:Corner: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Guest
  • Parking Features:Guest: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association #2 Fee: 577.81
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Recreational Faclty

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 36-3S-18-16310-000-0010
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1947.36
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2020
Closed on
Aug 31, 2020
Sold by
Better Built Of Nw Florida Inc
Bought by
Faught Jesse and Faught Heather
Seller's Agent
Spears Group
Scenic Sotheby's International Realty
Buyer's Agent
Cyndi Wilkinson
Rosemary Beach Realty LLC
List Price
$1,495,000
Sold Price
$1,495,000
Total Days on Market
92
Current Estimated Value
$2,614,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,119,839
Avg. Annual Appreciation
12.69%
Original Mortgage
$1,121,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2016
Sold by
Heron Property Management Llc
Bought by
Better Built Of Nw Florida Inc

Purchase Details

Closed on
Oct 8, 2015
Sold by
Chandler Steven F
Bought by
Heron Property Management Llc

Purchase Details

Closed on
Jun 30, 2015
Sold by
Holcomb H James
Bought by
Chandler Steven F

Purchase Details

Closed on
Dec 20, 2006
Sold by
Lbc Developers Llc
Bought by
Chandler Steven F and Chandler James Holcomb
Source: Public Records

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Range of Values:

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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
Faught Jesse $1,495,000 None Available
Better Built Of Nw Florida Inc $205,000 Attorney
Heron Property Management Llc $150,000 Attorney
Chandler Steven F $300,000 Attorney
Chandler Steven F $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faught Jesse $1,600,000
Closed Faught Jesse $1,121,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,495,000 0.0% $419 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $1,495,000 -- $419 / 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 $14,413 $2,059,000 $542,840 $1,516,160
2023 $14,413 $1,340,971 $0 $0
2022 $13,683 $1,763,021 $602,552 $1,160,469
2021 $10,727 $1,108,241 $220,765 $887,476
2020 $9,500 $951,651 $201,972 $749,679
2019 $1,947 $196,089 $196,089 $0
2018 $1,898 $190,378 $0 $0
2017 $1,834 $185,000 $185,000 $0
2016 $1,478 $147,660 $0 $0
2015 $1,064 $138,000 $0 $0
2014 $780 $88,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 844589

Emerald Coast Association of REALTORS®

APN: 36-3S-18-16310-000-0010