563 Cove Dr
Fort Walton Beach, FL 32547
3 bd 3 ba 1,904 sqft Built 1978 multi_family
Most recent sale
$490,000
Jul 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 12, 2024 | Listed for rent | $4,422 | Rently |
| Jul 21, 2022 | Sold | $490,000 | Public Record |
| Jul 18, 2022 | Sold | $490,000 | EmeraldCoast |
| Apr 19, 2022 | Price changed | $494,000 | MLS #891530 |
| Mar 22, 2022 | Price changed | $529,000 | MLS #891530 |
| Feb 25, 2022 | Listed | $569,000 | MLS #891530 |
| Jun 5, 2000 | Sold | $179,000 | Public Record |
| Aug 1, 1992 | Sold | $78,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $257,468 | $150,000 | $407,468 | $4,998 |
| 2024 | $257,468 | $150,000 | $407,468 | $4,869 |
| 2023 | $257,473 | $130,900 | $388,373 | $4,808 |
| 2022 | $207,466 | $130,900 | $338,366 | $4,224 |
| 2021 | — | — | $192,498 | $1,980 |
| 2020 | — | — | $189,840 | $1,961 |
| 2019 | — | — | $185,572 | $1,933 |
| 2018 | — | — | $182,112 | $1,912 |
| 2017 | — | — | $178,366 | $1,876 |
| 2016 | — | — | $174,697 | $1,825 |
| 2015 | — | — | $173,483 | $1,842 |
| 2014 | — | — | $172,106 | $1,829 |
| 2013 | — | — | $169,563 | $1,797 |
| 2012 | — | — | $166,729 | $1,702 |
| 2011 | — | — | $161,873 | $1,679 |
| 2010 | — | — | $159,481 | $1,616 |
| 2009 | — | — | $155,288 | $1,556 |
| 2008 | — | — | $155,133 | $1,553 |
| 2007 | — | — | $150,615 | $1,615 |
Property facts
Year built
1978
Property type
multi_family
Stories
2
Beds
3
Baths
3
Living area
1,904 sqft
Lot size
—
ZIP code
32547
City
Fort Walton Beach
Street
Cove Dr
Coordinates
30.43087, -86.60768
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,522
Gross rental yield
8.63%
Implied cap rate
5.61%
Trend-extrapolated value
—
Frequently asked questions
When did 563 Cove Dr last sell?
563 Cove Dr most recently sold on Jul 21, 2022 for $490,000.
What is the current tax assessment for 563 Cove Dr?
The most recent total assessment for 563 Cove Dr (year 2025) is $407,468 with $4,998 in property tax.
How does 563 Cove Dr's assessment compare to its last sale price?
The current assessment is 16.8% below the last sale price of $490,000.
When was 563 Cove Dr built?
563 Cove Dr was built in 1978.
How does 563 Cove Dr compare to others on Cove Dr?
We track 8 other properties on Cove Dr. Browse the list under "Other properties on Cove Dr" to compare beds, baths, and sale history.
What are the property facts for 563 Cove Dr?
563 Cove Dr is a 3 bed, 3 bath, 1,904 sqft multi_family.
Is 563 Cove Dr a flip candidate?
No — 563 Cove Dr does not appear in our flips dataset.
Is 563 Cove Dr a tax-appeal candidate?
No — 563 Cove Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.7%
Implied 1-yr
+2.9%
2026 Q3
$377.2K
2026 Q4
$379.8K
ZIP 32547 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cove Dr