Investor Special in Bluewater Bay! Located in Royal Oak Village, this patio home needs some TLC, making it an excellent fix-and-flip opportunity or renovation project for someone ready to add value. Built in 1986, this patio home features 2 bedrooms, 2 full baths, a formal living room with a cozy fireplace, a dining room, a breakfast area, and a spacious family room—perfect for flexible living. Enjoy the Florida lifestyle with a screened porch and a private patio off the master suite, ideal for morning coffee or relaxing evenings outdoors. Front courtyard filled with lush greenery. Attached 2-Car Garage and additional guest parking. The HOA maintains the common grounds in front of the units, the fence, the Roof (replaced in 2017), and more. HVAC replaced in 2017. Located in the desirable Bluewater Bay community, residents can enjoy optional memberships for access to swimming pools, tennis and pickleball courts, a marina, playgrounds, and more.
Sold for $250,000
$250,000
700 Bay Dr APT 1003, Niceville, FL 32578
2beds
1,614sqft
Townhouse
Built in 1986
3,484 Square Feet Lot
$341,300 Zestimate®
$155/sqft
$2,251 Estimated rent
Home value
$341,300
$311,000 - $372,000
$2,251/mo
Zestimate® history
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List your homeWhat's special
Cozy fireplaceFlexible livingSpacious family roomScreened porch
Zillow last checked:
Listing updated:
Listed by:
Janice A Schaefer 850-716-0939,
Berkshire Hathaway Home Services PenFed Realty
Bought with:
Lorie Phillips, BK3466422
Source: ECAOR,MLS#: 986850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 180 Square Feet
- Dimensions: 12 x 15
Bedroom
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Breakfast room
- Level: First
- Area: 99 Square Feet
- Dimensions: 9 x 11
Dining room
- Level: First
- Area: 110 Square Feet
- Dimensions: 10 x 11
Family room
- Level: First
- Area: 196 Square Feet
- Dimensions: 14 x 14
Kitchen
- Level: First
- Area: 96 Square Feet
- Dimensions: 12 x 8
Living room
- Level: First
- Area: 225 Square Feet
- Dimensions: 15 x 15
Screened porch
- Level: First
- Area: 100 Square Feet
- Dimensions: 10 x 10
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bookcases, Vaulted Ceiling(s), Wet Bar
- Flooring: Hardwood, Tile, Carpet
- Has fireplace: Yes
Interior area
- Total structure area: 1,614
- Total interior livable area: 1,614 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Guest, Garage
- Attached garage spaces: 2
Features
- Stories: 1
- Patio & porch: Enclosed, Patio
- Fencing: Partial
Lot
- Size: 3,484 Square Feet
- Features: Restrictions
Details
- Parcel number: 221S22483000001003
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Stucco, Trim Wood
- Roof: Composition
Condition
- Construction Complete,Needs Work
- New construction: No
- Year built: 1986
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Golf, Marina, Short Term Rental - Not Allowed, Playground, Pool, Tennis Court(s), Pickleball
- Subdivision: ROYAL OAK VILLAGE 3A
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Legal, Management
Location
- Region: Niceville
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $323,432
- Annual tax amount: $1,440
- Date on market: 11/10/2025
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Sold | $250,000-12.3%$155/sqft |
Source:  ECAOR #986850 Report a problem | ||
| 11/15/2025 | Pending sale | $285,000$177/sqft |
Source: ECAOR #986850 Report a problem | ||
| 11/10/2025 | Listed for sale | $285,000$177/sqft |
Source: ECAOR #986850 Report a problem | ||
| 10/31/2025 | Pending sale | $285,000$177/sqft |
Source: ECAOR #986850 Report a problem | ||
| 10/4/2025 | Listed for sale | $285,000$177/sqft |
Source: ECAOR #986850 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,488 +3.3% | $162,905 +2.9% |
| 2024 | $1,440 +3% | $158,314 +3% |
| 2023 | $1,398 -0.6% | $153,703 +3% |
| 2022 | $1,407 +0.6% | $149,226 +3% |
| 2021 | $1,399 +0.7% | $144,880 +1.4% |
| 2020 | $1,389 +1.8% | $142,880 +2.3% |
| 2019 | $1,364 +1.4% | $139,668 +1.9% |
| 2018 | $1,346 | $137,064 +2.1% |
| 2017 | $1,346 +1.1% | $134,245 +2.1% |
| 2016 | $1,331 +2.9% | $131,484 +0.7% |
| 2015 | $1,293 -1.8% | $130,570 +2% |
| 2014 | $1,318 | $128,046 +1.5% |
| 2013 | -- | $126,154 +1.7% |
| 2012 | -- | $124,045 +3% |
| 2011 | -- | $120,432 +1.5% |
| 2010 | -- | $118,652 +2.7% |
| 2009 | -- | $115,533 +0.1% |
| 2008 | -- | $115,418 +3% |
| 2007 | -- | $112,056 +2.5% |
| 2006 | -- | $109,323 +3% |
| 2005 | -- | $106,139 +3% |
| 2004 | -- | $103,048 +1.9% |
| 2003 | -- | $101,127 +2% |
| 2002 | -- | $99,166 +0.9% |
| 2001 | -- | $98,249 |
Find assessor info on the county website
Neighborhood: 32578
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Nearby schools
GreatSchools rating
- 8/10Bluewater Elementary SchoolGrades: PK-5Distance: 1 mi
- 9/10C. W. Ruckel Middle SchoolGrades: 6-8Distance: 3.3 mi
- 7/10Niceville Senior High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Bluewater
- Middle: Ruckel
- High: Niceville
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Niceville
- 32578
- 700 Bay Dr Apartment 1003
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