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  • $870,500

    1025 Lake Way Dr, Niceville, FL 32578

    5beds
    3,033sqft
    SingleFamily
    Built in 1992
    0.34 Acres Lot
    $870,500 Zestimate®
    $287/sqft
    $4,049 Estimated rent

    Home value

    $870,500

    $810,000 - $940,000

    $4,049/mo

    Zestimate® history
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    $5,621/mo

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    What's special

    As you walk up to this gorgeous 5 bedroom 3-and-a-half bath, 3033 square foot home located on a third of an acre in the coveted Rocky Bayou Estates subdivision, you find a beautiful covered porch that includes a fountain surrounded by pavers overlooking your tiered, low-maintenance, Zoysia lawn. Come through the beveled-glass wood entry door complete with transom window and enter into a large foyer that looks straight through the formal living room with beautiful views of the 16th tee! You will find trav ertine flooring throughout most of this house! To the right of the foyer is a beautiful formal dining room with an oversized arched window overlooking the front yard, letting in the gorgeous morning sun. As we continue walking forward through the foyer we reach the formal living room with light wood floors and sliding glass doors that open to the large screened in Florida room, equipped with wet bar, ceiling fans, and plant ledge, leading out to your brick-paver patio complete with built-in fire pit and fountain and surrounded by mature trees; perfect for entertaining! To the left of the foyer, walk into an enormous master bedroom with room for sitting area. As you continue through to the bathroom, you pass an enormous walk-in closet complete with ample storage shelves and an additional closet across from it. There are no issues with storage in this house! The master en-suite bathroom is complete with a Jacuzzi tub, separate shower, recessed lighting, ceiling fan and double cultured marble vanity. Next t o the master bedroom we find a half bathroom before we reach the 5th bedroom which is currently being used as an office. Light wood floors and plenty of sunlight from another arched window makes this space perfect for an office, hobby room, or another bedroom, complete with walk-in closet! As we continue toward the right wing of the house, we come to the kitchen, separate dining area and family room. The kitchen has granite countertops, stainless steel appliances (less than 3 years old), vented range and a raised breakfast bar. The family room is complete with built-in entertainment center, wood-burning fireplace and sliding glass doors also leading to the enclosed Florida room. As we continue through the family room, we enter the mother-in-law/guest quarters which includes bedroom, separate linen closet, bathroom with shower and private exit door leading to the Florida room and back yard. To the left of the kitchen is the laundry room complete with utility sink with granite countertop, cabinets and a ful l size refrigerator. The laundry room leads to the attached two-car garage equipped with an alcove for a work bench, peg boards, shelving and pull-down stairs to attic. Following the hallway past the kitchen, you will come to the 2 remaining bedrooms along with the full bathroom and additional linen closet. Rocky Bayou has 5 lakes, where you can fish, kayak or paddle board and this lot is a stones-throw away from the Golf course's club house. If space and privacy is what you are looking for, you found it all here! This house is priced under the recently obtained appraisal and comes with a home warranty for peace of mind.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Heat pump, Other, Electric, Solar
    Cooling
    • Central, Solar
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Other, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,033 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 041S22141C00000100

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1992

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $11 monthly
    Location
    • Region: Niceville

    Financial & listing details

    • Price per square foot: $287/sqft
    • Tax assessed value: $720,801
    • Annual tax amount: $5,311

    Price history

    DateEventPrice
    3/16/2015Listing removed$449,900$148/sqft
    Source: ERA American Real Estate #714227 Report a problem
    9/17/2014Price change$449,900+2.3%$148/sqft
    Source: American Realty of Northwest Florida, Inc. #714227 Report a problem
    7/29/2014Price change$440,000-2.2%$145/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #612684 Report a problem
    5/13/2014Price change$450,000-2.2%$148/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #612684 Report a problem
    2/13/2014Listed for sale$460,000+25.3%$152/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #612684 Report a problem
    4/8/2013Sold$367,000+0.5%$121/sqft
    Source: Public Record Report a problem
    10/1/2011Listing removed$365,000$120/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem
    9/4/2011Price change$365,000-0.8%$120/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem
    8/3/2011Price change$368,000-1.9%$121/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem
    6/20/2011Price change$375,000-2.6%$124/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem
    6/3/2011Price change$384,900-2.6%$127/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem
    12/19/2010Price change$395,000-1.3%$130/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem
    11/10/2010Listed for sale$400,000$132/sqft
    Source: CENTURY 21 Wilson Minger Agency, Inc. #547005 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,311 +3%$451,226 +2.9%
    2024$5,158 +2.5%$438,509 +3%
    2023$5,033 +2.5%$425,737 +3%
    2022$4,912 +3.2%$413,337 +3%
    2021$4,758 +8.8%$401,298 +8.6%
    2020$4,372 +1.2%$369,485 +2.3%
    2019$4,321 +0.9%$361,178 +1.9%
    2018$4,282 $354,444 +1%
    2017$4,282 -0.7%$351,074 +2.1%
    2016$4,311 +2.7%$343,853 +0.7%
    2015$4,196 +0.2%$341,463 +0.8%
    2014$4,189 $338,753 +2.2%
    2013-- $331,504 +2.7%
    2012-- $322,740 +17.5%
    2011-- $274,707 +1.5%
    2010-- $270,647 +2.7%
    2009-- $263,532 +0.1%
    2008-- $263,269 +3%
    2007-- $255,601 +2.5%
    2006-- $249,367 +3%
    2005-- $242,104 +3%
    2004-- $235,052 +1.9%
    2003-- $230,669 +2.4%
    2002-- $225,263 +1.6%
    2001-- $221,716
    Find assessor info on the county website

    Neighborhood: 32578

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Bluewater
    • High: Niceville

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $870,500
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    $887,910