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    12870 Us Hwy 98th W Miramar Beach, FL 32550-2104
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    Property profile & analytics

    12870 Us Hwy 98th W, Miramar Beach, FL 32550-2104

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    • Office buildings
    • 28,497 SF
    • 1.25 lot acres
    Off-Market
    Last Sale Feb 2, 2026
    $5,200,000
    Property ID
    US18-3925061
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,870,000
    Show details
    Cap Rate Potential
    8.2%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 12870 Us Hwy 98th W

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    1.25 lot acres
    Zone code
    HWY 98
    Property type
    Office buildings
    APN
    30-2S-21-42000-001-0012
    APU
    302S21420000010012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2026 — Hathcock Realty Group LLC — Deed · related $3.5M · Hancock Whitney Bank
    Feb 2, 2026 $5,200,000 Hathcock Realty Group LLC Carrot Top Designs LLC Warranty Deed —
    Aug 11, 2025 — Carrottop Designs LLC — Deed · related $4.7M · Velocity Commercial Capital LLC
    Feb 18, 2025 — Donald Adkins — Deed · related $750k · Walton Funding LLC
    Apr 16, 2024 — Carrot Top Designs LLC — Deed · related $1.3M · Centennial Bank
    Apr 15, 2024 — Carrot Top Designs LLC — Deed · related $1.3M · Centennial Bank
    Aug 2, 2022 $4,800,000 Carrot Top Designs LLC Susan F Lovelace Warranty Deed $2.4M · Centennial Bank
    — — Lovelace Trust — Deed Of Trust · related $150k · Whitney National Bank
    — — Lovelace Trust — Deed Of Trust · related $150k · Hancock Bank
    — — Lovelace Trust — Deed Of Trust · related $1.6M · Whitney National Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $4,650,000
      ML approach
      $4,650,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $6,385,000
      6.5%
      $5,890,000
      7%
      $5,470,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,649,000
      Market price range: $4.65M - $7.05M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,710,000
      Current use
      COMMERCIAL (GENERAL)
      $8,080,000
      Change: +41% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3854
    Latitude
    30.386
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,745
    $500,480
    $3,433,390
    $3,933,870
    -
    $500,480
    $3,433,390
    $3,933,870
    More about this property
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