Single-Family Home with Fenced
For Sale
$345,000
615 31st Street, Niceville, FL 32578
MULTI_FAMILY - Other - Niceville, FL
Property Size1,664 SF
Lot Size0.67 Acres
Price / SF$207.33
Days on Market155
Property Features for 615 31st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid Single Family
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Parking
3
Parking features
Garage
Window features
Storm Window(s)
Patio and Porch features
Porch
Interior features
Lighting Recessed, Pantry, Washer/Dryer Hookup
Exterior features
Fenced Back Yard, Sprinkler System
Fencing
Back Yard, Privacy
Appliances
Auto Garage Door Opn, Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
Subdivision
341004.00
Elementary school
Plew
Middle school
Ruckel
High school
Niceville
Directions
From Hwy 20 go South on Partin Drive, turn left on Reynolds and then left on 31St Street, home is on the right.
Standard status
Active
APN
071S2211300011001A
Size
1,664 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Helms & Allen S/D Com Ne Cor Lot 1 Blk 11 W 116.43Ft To Pob S 12 Deg W 127.25Ft N 78 Deg W 27.68Ft To E Line Lot 14 Blk 4 Arkie & J.E. Allen S/D Thc N 9 Deg E Alg E Line Lot 14 19.68Ft To S Line Lot 15 Blk 4 Arkie & J.E. Allen S/D Thc E 3.77Ft To Se Cor Lot 15 N 12 Deg E Alg E Line Lot 15 101.5Ft To S R/W 31st St Thc E Alg R/W 25.61Ft To Pob
Tax Annual Amount
3865
Legal Description
Helms & Allen S/D Com Ne Cor Lot 1 Blk 11 W 116.43Ft To Pob S 12 Deg W 127.25Ft N 78 Deg W 27.68Ft To E Line Lot 14 Blk 4 Arkie & J.E. Allen S/D Thc N 9 Deg E Alg E Line Lot 14 19.68Ft To S Line Lot 15 Blk 4 Arkie & J.E. Allen S/D Thc E 3.77Ft To Se Cor Lot 15 N 12 Deg E Alg E Line Lot 15 101.5Ft To S R/W 31st St Thc E Alg R/W 25.61Ft To Pob
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2022
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Frame, Siding Vinyl, Trim Vinyl
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services PenFed Realty · Berkshire Hathaway HomeServices
(850) 729-0176
Listed By:
Joe M Fagundes · License #3397835
(850) 699-7047
Added: Mar 2
Changed: Aug 2
Last Checked: Aug 4 at 8:06AM
MLS# 996632
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newer construction 3-bedroom, 2.5-bath home offers an open-concept main level designed for daily living and entertaining. The living and dining areas flow into a kitchen featuring quartz countertops, a breakfast bar, a walk-in pantry, and Samsung stainless steel appliances with abundant cabinetry. Flooring is luxury vinyl plank on the main level. Upstairs, the oversized primary suite includes a generous walk-in closet and a spa-inspired en suite bath with a soaking tub, separate shower, and private water closet. Two additional bedrooms share a full bath, and an upstairs laundry room adds convenience. Impact windows and doors are included, along with a fully fenced backyard.
Located in Niceville, the home is described as minutes from Eglin AFB and close to Twin Cities Hospital and the Boggy Bayou waterfront. It also highlights access to top-rated Okaloosa County schools.
For buyers seeking a modern, low-maintenance home with practical features like impact protection, an upstairs laundry layout, and a fenced outdoor space, this property provides a complete move-in-ready package. The size and configuration support a range of household needs, from everyday routines to hosting in the open main living area.
Located in Niceville, the home is described as minutes from Eglin AFB and close to Twin Cities Hospital and the Boggy Bayou waterfront. It also highlights access to top-rated Okaloosa County schools.
For buyers seeking a modern, low-maintenance home with practical features like impact protection, an upstairs laundry layout, and a fenced outdoor space, this property provides a complete move-in-ready package. The size and configuration support a range of household needs, from everyday routines to hosting in the open main living area.
Key Highlights
- Newer 3‑bedroom, 2.5‑bath home built in 2022 in Niceville, FL
- Energy‑efficient construction with impact windows and doors
- Open‑concept kitchen with Samsung stainless appliances, quartz countertops, breakfast bar, and walk‑in pantry
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $19.80 |
| − Vacancy | −$1.6k | −$0.99 |
| EGI | $31.3k | $18.81 |
| − OpEx | −$14.1k | −$8.46 |
| NOI | $17.2k | $10.35 |
1,664 SF · lease $19.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,215 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$641.3K
$561.1K – $748.1K
NOI $44,888 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 32578, FL
35,075
Population
14,578
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
23.2 sq mi
ZIP Area
1,512
Density / Sq Mi
$105,858
Median Household Income
$52,028
Median Earnings
$1,744
Median Rent
$414,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready newer construction with impact windows and an enclosed, private backyard for everyday outdoor use.
Where is this single family property located?
The property is located at 615 31st Street Niceville, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Newer 3‑bedroom, 2.5‑bath home built in 2022 in Niceville, FL; Energy‑efficient construction with impact windows and doors; Open‑concept kitchen with Samsung stainless appliances, quartz countertops, breakfast bar, and walk‑in pantry
