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605 Colonial Dr

Fort Walton Beach, FL 32547

2 bd 2 ba 980 sqft Built 1975 condos
Most recent sale
$145,000
May 31, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 31, 2022 Sold $145,000 Public Record
Apr 9, 2022 Listed $148,500 MLS #895347
Aug 13, 2021 Sold $84,600 Public Record
Jun 30, 2021 Listed $110,000 MLS #875741
Apr 14, 2020 Listed for rent $1,025 EmeraldCoast
Apr 22, 2019 Listing removed $995 EmeraldCoast
Jul 18, 2018 Listing removed $975 EmeraldCoast
Jun 28, 2018 Listed for rent $975 EmeraldCoast
Dec 21, 2017 Listing removed $950 EmeraldCoast
Mar 13, 2017 Listing removed $900 EmeraldCoast
Feb 23, 2017 Sold $53,000 Public Record
Jul 17, 2016 Listed for rent $900 EmeraldCoast
Jan 27, 2016 Listing removed $875 EmeraldCoast
Dec 7, 2015 Listing removed $875 EmeraldCoast
Apr 30, 2015 Listing removed $850 EmeraldCoast
Dec 15, 2014 Sold $33,000 Public Record
Dec 10, 2014 Sold $33,000 EmeraldCoast
Oct 28, 2014 Price changed $37,500 MLS #712049
Aug 14, 2014 Listed $38,900 MLS #712049
Jul 10, 2014 Sold $20,400 Public Record
May 6, 2014 Listing removed $39,900 EmeraldCoast
Apr 28, 2014 Relisted $39,900 MLS #701811
Apr 8, 2014 Listing removed $44,000 EmeraldCoast
Mar 25, 2014 Listed $44,000 MLS #701811
Nov 15, 2005 Sold $123,000 Public Record
Apr 20, 2000 Sold $34,500 Public Record
May 19, 1994 Sold $27,500 Public Record
May 1, 1983 Sold $39,700 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $106,000 $106,000 $816
2024 $106,000 $106,000 $822
2023 $106,000 $106,000 $830
2022 $85,000 $85,000 $1,061
2021 $46,200 $663
2020 $42,000 $42,000 $543
2019 $39,375 $39,375 $516
2018 $37,275 $37,275 $494
2017 $35,500 $35,500 $473
2016 $33,000 $33,000 $437
2015 $33,000 $33,000 $443
2014 $35,500 $477
2013 $34,000 $457
2012 $34,000 $116
2011 $39,000 $185
2010 $49,000 $313
2009 $63,000 $423
2008 $77,000 $540
2007 $77,000 $668

Property facts

Year built
1975
Property type
condos
Stories
Beds
2
Baths
2
Living area
980 sqft
Lot size
ZIP code
32547
City
Fort Walton Beach
Street
Colonial Dr
Coordinates
30.43924, -86.62211

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$870
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 605 Colonial Dr last sell?
605 Colonial Dr most recently sold on May 31, 2022 for $145,000.
What is the current tax assessment for 605 Colonial Dr?
The most recent total assessment for 605 Colonial Dr (year 2025) is $106,000 with $816 in property tax.
How does 605 Colonial Dr's assessment compare to its last sale price?
The current assessment is 26.9% below the last sale price of $145,000.
When was 605 Colonial Dr built?
605 Colonial Dr was built in 1975.
How does 605 Colonial Dr compare to others on Colonial Dr?
We track 8 other properties on Colonial Dr. Browse the list under "Other properties on Colonial Dr" to compare beds, baths, and sale history.
What are the property facts for 605 Colonial Dr?
605 Colonial Dr is a 2 bed, 2 bath, 980 sqft condos.
Is 605 Colonial Dr a flip candidate?
Yes — 605 Colonial Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 605 Colonial Dr a tax-appeal candidate?
No — 605 Colonial Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.7%
Implied 1-yr
+2.9%
2026 Q3
$377.2K
2026 Q4
$379.8K
ZIP 32547 — Median Price History + Forecast

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