NOT LISTED FOR SALE

500 Kelly Mill Rd Valparaiso, FL 32580

Estimated Value: $344,000

92 Beds
48 Baths
71,250 Sq Ft
$5/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $12,390,000 $174 Per Sq Ft

Current estimated payment $2,243/month

68 Days on Market

Highlights

  • 8.62 Acre Lot
  • No HOA
  • Laundry Facilities
  • Eglin Elementary School Rated A-
  • Landscaped
  • 1-Story Property

About This Home

As of March 2024

Experience comfort and convenience at Emerald Cove by ARIUM, offering spacious 1 & 2-bedroom townhomes less than 2 miles from Eglin Air Force Base. Enjoy quick access to abundant shopping and dining options, while embracing all that Valparaiso has to offer.


Explore local shops and restaurant options along John Sims Parkway and Palm Plaza all less than 3 miles from our community.
Escape to the beach or enjoy the exciting attractions offered along Destin Beach or Okaloosa Island.
Designed with your comfort in mind, our expansive floor plans feature gourmet kitchens, spacious closets, and vinyl-plank flooring.
Quick access to Florida State Road 20 and only 15 minutes away from the Eglin Air Force Base, Navy EOD, and Destin Fort-Walton Airport.

Last Agent to Sell the Property

Shane Quinlan

Riviera Realty Group LLC License #SL3404653 Listed on: 05/03/2023

Co-Listed By

Gordon MacLean

Riviera Realty Group LLC License #3189015

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,516

Year Built

  • Built in 1986

Lot Details

  • 8.62 Acre Lot
  • Landscaped

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1-Story Property

Community Details

Overview

  • No Home Owners Association
  • 84 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,516

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1986
  • Property Sub Type: Multi Family
  • Lot Size Acres: 8.62
  • Co List Office Mls Id: RRG
  • Co List Office Phone: (888) 240-0499
  • Subdivision Name: No Named Subdivision
  • Unit Levels: One
  • Building Stories: 1
  • ResoPropertyType: CommercialSale
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Stories: 1

Exterior Features

  • Waterfront: No
  • Construction Type: Brick Veneer, Vinyl Siding

Utilities

  • Green Building Features: Office

Condo/Co-op/Association

  • Community Features: Laundry Facilities
  • Association: No

Lot Info

  • Lot Features: Landscaped

Multi Family

  • Number Of Units Total: 84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2015
Sold by
Nicewood Garden Apartments Llc
Bought by
Southern Gardens Apts Llc
Current Estimated Value
$344,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2010
Sold by
Oakview Garden Apartments
Bought by
Oakview Garden Apartments I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.93%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Southern Gardens Apts Llc $4,290,000 Mcneese Title Llc
Oakview Garden Apartments I Llc $1,655,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Southern Gardens Apts Llc $3,420,000
Closed Southern Gardens Apts Llc $2,640,000
Previous Owner Oakview Garden Apartments I Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Off Market $1,575 -- --
02/01/2025 02/01/25 Price Changed $1,575 +18.9% $2 / Sq Ft
01/09/2025 01/09/25 Price Changed $1,325 -13.1% $2 / Sq Ft
12/14/2024 12/14/24 Price Changed $1,525 +15.1% $2 / Sq Ft
06/11/2024 06/11/24 Price Changed $1,325 -7.0% $2 / Sq Ft
06/09/2024 06/09/24 Price Changed $1,425 +7.5% $2 / Sq Ft
05/24/2024 05/24/24 Price Changed $1,325 +10.9% $2 / Sq Ft
04/28/2024 04/28/24 Price Changed $1,195 -7.7% $2 / Sq Ft
04/13/2024 04/13/24 Price Changed $1,295 +8.4% $2 / Sq Ft
04/07/2024 04/07/24 Price Changed $1,195 -7.7% $2 / Sq Ft
03/31/2024 03/31/24 Price Changed $1,295 +8.4% $2 / Sq Ft
03/29/2024 03/29/24 Price Changed $1,195 0.0% $2 / Sq Ft
03/08/2024 03/08/24 Sold $12,390,000 0.0% $174 / Sq Ft
02/07/2024 02/07/24 Price Changed $1,195 -7.7% $2 / Sq Ft
08/07/2023 08/07/23 For Rent $1,295 0.0% --
06/26/2023 06/26/23 Price Changed $1,295 0.0% $2 / Sq Ft
06/26/2023 06/26/23 For Rent $1,295 +8.4% --
06/14/2023 06/14/23 For Rent $1,195 0.0% --
05/31/2023 05/31/23 Price Changed $12,950,000 -7.2% $182 / Sq Ft
05/03/2023 05/03/23 For Sale $13,950,000 0.0% $196 / Sq Ft
11/01/2022 11/01/22 For Rent $1,195 -- --
Source: Central Panhandle 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 $46,516 $4,650,663 $553,097 $4,097,566
2023 $46,516 $4,353,006 $542,251 $3,810,755
2022 $43,010 $4,013,464 $516,430 $3,497,034
2021 $34,826 $2,704,743 $449,069 $2,255,674
2020 $28,630 $1,918,795 $444,623 $1,474,172
2019 $27,956 $1,852,157 $419,456 $1,432,701
2018 $27,532 $1,805,410 $0 $0
2017 $25,859 $1,670,688 $0 $0
2016 $23,842 $1,548,367 $0 $0
2015 $24,008 $1,522,259 $0 $0
2014 $22,211 $1,439,027 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Shane Quinlan

    Riviera Realty Group LLC

    Section Image
  • Gordon MacLean

    Seller Co-Listing Agent in 2024

    Gordon MacLean

    Riviera Realty Group LLC

    (850) 240-3122

    1 in this area

    6 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    NON-MEMBER OFFICE

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 740966

Central Panhandle Association of REALTORS®

APN: 01-1S-23-0000-0031-0000

Florida Okaloosa County Valparaiso 32580

500 Kelly Mill Rd, Valparaiso, FL

This home is located at 500 Kelly Mill Rd, Valparaiso, FL 32580 since 03 May 2023 and is currently priced at $344,000, approximately $4 per square foot. This property was built in 1986. 500 Kelly Mill Rd is a home located in Okaloosa County with nearby schools including Lewis School, Eglin Elementary School, and Niceville Senior High School.

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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