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408 Heritage Way

Fort Walton Beach, FL 32547

2 bd 1 ba 728 sqft Built 1988 Lot 3,485 sqft single_family
Most recent sale
$229,900
Feb 29, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 29, 2024 Sold $229,900 NWFlorida
Jan 24, 2024 Listed $229,900 NWFlorida
Sep 24, 2021 Sold $174,000 Public Record
Jul 10, 2009 Listing removed $825 NWFlorida
Jun 3, 2008 Listed for rent $825 NWFlorida
Jan 5, 2005 Sold $125,000 Public Record
Mar 20, 2001 Sold $70,000 Public Record
Jun 1, 1988 Sold $49,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $83,285 $71,884 $155,169 $1,419
2024 $83,285 $71,884 $155,169 $1,832
2023 $89,646 $57,830 $147,476 $1,825
2022 $82,974 $54,047 $137,021 $1,710
2021 $64,896 $40,213 $105,109 $1,350
2020 $56,384 $39,421 $95,805 $1,240
2019 $52,684 $37,544 $90,228 $1,183
2018 $48,558 $36,450 $85,008 $1,128
2017 $46,121 $36,450 $82,571 $1,100
2016 $44,271 $35,048 $79,319 $1,051
2015 $41,692 $33,379 $75,071 $1,009
2014 $72,253 $972
2013 $69,850 $939
2012 $69,971 $908
2011 $72,634 $964
2010 $75,604 $986
2009 $83,826 $1,087
2008 $75,557 $521
2007 $73,356 $622

Property facts

Year built
1988
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
728 sqft
Lot size
3,485 sqft
ZIP code
32547
City
Fort Walton Beach
Street
Heritage Way
Coordinates
30.46028, -86.64949

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
$1,347
Gross rental yield
7.03%
Implied cap rate
4.57%
Trend-extrapolated value

Frequently asked questions

When did 408 Heritage Way last sell?
408 Heritage Way most recently sold on Feb 29, 2024 for $229,900.
What is the current tax assessment for 408 Heritage Way?
The most recent total assessment for 408 Heritage Way (year 2025) is $155,169 with $1,419 in property tax.
How does 408 Heritage Way's assessment compare to its last sale price?
The current assessment is 32.5% below the last sale price of $229,900.
When was 408 Heritage Way built?
408 Heritage Way was built in 1988.
How does 408 Heritage Way compare to others on Heritage Way?
We track 8 other properties on Heritage Way. Browse the list under "Other properties on Heritage Way" to compare beds, baths, and sale history.
What are the property facts for 408 Heritage Way?
408 Heritage Way is a 2 bed, 1 bath, 728 sqft, 3,485 sqft lot single_family.
Is 408 Heritage Way a flip candidate?
No — 408 Heritage Way does not appear in our flips dataset.
Is 408 Heritage Way a tax-appeal candidate?
No — 408 Heritage Way 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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