OFF MARKET

Off Market Apr 2022 for $362K

$350,155

Est. refi paymentEst. refi $2,290/mo

•

1,593

sq ft

8424 Racing Ln, Navarre, FL 32566

About this home

**INVESTMENT OPPORTUNITY** Duplex located less than 2 miles from Navarre Beach. Both units are occupied and are income producing multi-family with existing leases. There are 2 separate units, 8424 and 8426. Each unit is approximately 800 square feet in size with 2 bedrooms and 1 full bath. Unit 8424 has been updated and comes mostly furnished. This property is less than 2 miles from the Beach offering an excellent opportunity for substantially higher income once the existing leases expire with short term rental or Airbnb. The roof was just replaced in October 2021. Don't miss your opportunity to own this income producing property with future potential for much higher revenues. This listing can also be found in Commercial for Sale under MLS# 887534.

TownhomeProperty Type

1982Year Built

0.27 acresLot Size

$220Est. Price/Sq.Ft.

4 spacesParking

Listed by Be Home On The Coast Be Home on the Coast • Corcoran Reverie Destin

Listed by Robert Roland • Corcoran Reverie Destin

Bought with Victoria Davis Real Estate Davis • EXP Realty LLC

Redfin checked: a minute ago

•Source:ECAR #886484

Redfin Estimate

$350,155

$12K since sold in April 2022$45K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.3% lower than the average sale price ($355K) of 6 comparable homes.

SOLD JUN 23, 2026
$395,000
A
3 beds2 baths1,644 sq ft
4 Forest Grove Pl, Fort Walton Beach, FL 32548
SOLD MAR 27, 2026
$330,000
B
4 beds2 baths1,485 sq ft
119 NW Carol Ave, Fort Walton Beach, FL 32548
SOLD OCT 30, 2025
$429,000
C
4 beds2 baths1,716 sq ft
38 NW Deal Ave, Fort Walton Beach, FL 32548
SOLD JUN 5, 2026
$365,000
D
3 beds2 baths1,592 sq ft
374 NW Makron Dr, Fort Walton Beach, FL 32548
SOLD AUG 5, 2026
$230,000
E
3 beds2 baths1,788 sq ft
323 Northampton Cir, Fort Walton Beach, FL 32547
SOLD FEB 12, 2026
$380,000
F
3 beds2 baths1,744 sq ft
137 Woodbine Cir, Fort Walton Beach, FL 32548

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Earn from this home

Sell

$62,971

Est. take-home

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Refinance

Est. cash available

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Market trends in 32566, FL

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.4%

0.2% MoM

Median sale price

$445K

$1K MoM

Avg. days on market

64d

0 days MoM

Recently sold homes

306

0 MoM

New listings for sale

NEW 7 HRS AGO
$269,000
3 beds2 baths1,132 sq ft
Navarre, FL 32566
NEW 12 HRS AGO
$539,900
4 beds2 baths1,979 sq ft
1957 Sunrise Dr, Navarre, FL 32566
NEW 13 HRS AGO
$479,950
4 beds3 baths2,547 sq ft
1979 Alfred Blvd, Navarre, FL 32566
FOR SALE BY OWNER
$518,000
4 beds3 baths2,411 sq ft
2636 Citrus Dr, Navarre, FL 32566
FOR SALE BY OWNER
$389,000
— beds— baths— sq ft
2073 Palmetto Lake Dr, Navarre, FL 32566
3D & VIDEO TOUR
$540,000
4 beds3.5 baths2,383 sq ft
2536 Bluewater Dr, Navarre, FL 32566
COMING SOON
$549,900
4 beds3 baths2,569 sq ft
9150 Ridge Dr, Navarre, FL 32566
3D WALKTHROUGH
$390,000
3 beds2 baths1,512 sq ft
1981 Andorra St, Navarre, FL 32566
$502,500
5 beds3 baths2,662 sq ft
7271 Bill N Iras Trl, Navarre, FL 32566
OPEN SAT, 11:30AM TO 1:30PM
$539,000
5 beds3 baths3,011 sq ft
8566 Holley Hills Cir, Navarre, FL 32566
See all

Provided by Redfin

Sale history for 8424 Racing Ln

Date

Event

Price

ECAR #886484

Apr 20, 2022

Sold

$362,000

$227/sq ft

Apr 20, 2022

Sold

$362,000

$227/sq ft

Apr 13, 2022

Pending

—

Apr 13, 2022

Pending

—

Nov 27, 2021

Listed

$379,990

$239/sq ft

Nov 26, 2021

Listed

$379,990

$239/sq ft

+24

Public Records

Jul 8, 2020

Sold

$188,300

$118/sq ft

Public Records

Mar 24, 1998

Sold

$72,000

$45/sq ft

Public Records

Jun 1, 1986

Sold

$55,393

$35/sq ft

Public Records

Jul 1, 1984

Sold

$62,000

$39/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,322 (+2.7%)

$55,000 + $148,859

$203,859

2024

$2,261 (−2.7%)

$55,000 + $143,784

$198,784

2023

$2,323 (+45.6%)

$50,000 + $138,735

$188,735

2022

$1,595 (+25.3%)

2021

$1,274 (+24.2%)

$30,000 + $65,413

$95,413

2020

$1,026 (+4.1%)

$18,000 + $55,900

$73,900

2019

$985 (−1.7%)

$18,000 + $52,311

$70,311

2018

$1,002 (+4.0%)

$18,000 + $52,311

$70,311

2017

$964 (+6.5%)

$18,000 + $47,943

$65,943

2016

$905 (−2.6%)

$18,000 + $47,943

$65,943

2015

$929 (−2.4%)

$18,000 + $46,960

$64,960

2014

$952

Tax history for 8424 Racing Ln

Year

Property tax

Land + Additions

Assessment*

2025

$2,322 (+2.7%)

$55,000 + $148,859

$203,859

2024

$2,261 (−2.7%)

$55,000 + $143,784

$198,784

2023

$2,323 (+45.6%)

$50,000 + $138,735

$188,735

2022

$1,595 (+25.3%)

2021

$1,274 (+24.2%)

$30,000 + $65,413

$95,413

2020

$1,026 (+4.1%)

$18,000 + $55,900

$73,900

2019

$985 (−1.7%)

$18,000 + $52,311

$70,311

2018

$1,002 (+4.0%)

$18,000 + $52,311

$70,311

2017

$964 (+6.5%)

$18,000 + $47,943

$65,943

2016

$905 (−2.6%)

$18,000 + $47,943

$65,943

2015

$929 (−2.4%)

$18,000 + $46,960

$64,960

2014

$952

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

1 ft.

Lot size

0.27 Acres

Year renovated

1992

Sq. Ft.

1,593

Year built

1982

Style

Multi-Family (2-4 Unit)

County

Santa Rosa County

APN

20-2S-26-5765-00000-0010

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 13, 2026.

HCD

Highway Commercial Development District

To provide for a wide range of commercial uses in appropriate and easily accessible locations adjacent to major transportation corridors and having access to a wide market area. This district is intended to be situated along selected segments of major thoroughfares in the vicinity of major intersections. Additionally, this district is generally located adjacent to districts characterized by medium to high density residential development and areas of more intensive commercial use. It is intended that the site plan criteria assist in evaluating economic implications with a view toward generating a stable economy and efficient, timely and economical delivery of needed public facilities and services.

Permitted uses

Include but are not limited to:

Automotive sales
Gas station
Bank
Day care facility
General retail
Restaurant
Housing-Senior
Hotel / motel
Office
Medical office

Property details

Parking

Parking Information
No
No
Driveway Spaces: 4.00

Interior

Bedroom Information
Bedrooms: 4
Bedroom: First

Bathroom Information
Full Baths: 2
Half Baths: 0
Total Baths: 2.00
Full Bathroom: First

Room Information
Rooms: Bedroom, Full Bathroom, Kitchen, Laundry, Living Room
Kitchen: First
Living Room: First

Room 1
Living Room
Area: 204.12
Dimensions: 14 x 14.58
Length: 14.00
Width: 14.58
Level: 1

Room 2
Kitchen
Area: 134.51
Dimensions: 10.83 x 12.42
Length: 10.83
Width: 12.42
Level: 1

Room 3
Laundry
Area: 70.21
Dimensions: 13.58 x 5.17
Length: 13.58
Width: 5.17
Level: 1

Room 4
Bedroom
Area: 118.53
Dimensions: 13.17 x 9
Length: 13.17
Width: 9.00
Level: 1

Room 5
Bedroom
Area: 127.49
Dimensions: 13.42 x 9.5
Length: 13.42
Width: 9.50
Level: 1

Room 6
Full Bathroom
Area: 41.11
Dimensions: 7.83 x 5.25
Length: 7.83
Width: 5.25
Level: 1

Room 7
Living Room
Area: 202.66
Dimensions: 13.9 x 14.58
Length: 13.90
Width: 14.58
Level: 1

Room 8
Kitchen
Area: 134.51
Dimensions: 10.83 x 12.42
Length: 10.83
Width: 12.42
Level: 1

Room 9
Laundry
Area: 70.67
Dimensions: 13.67 x 5.17
Length: 13.67
Width: 5.17
Level: 1

Room 10
Bedroom
Area: 119.25
Dimensions: 13.25 x 9
Length: 13.25
Width: 9.00
Level: 1

Room 11
Bedroom
Area: 126.94
Dimensions: 13.25 x 9.58
Length: 13.25
Width: 9.58
Level: 1

Room 12
Full Bathroom
Area: 41.48
Dimensions: 7.9 x 5.25
Length: 7.90
Width: 5.25
Level: 1

Interior Features
Appliances: Dryer, Refrigerator, Stove/Oven Electric, Washer
Interior: Floor Laminate, Floor Tile, Floor WW Carpet, Furnished - Some, Renovated, Skylight(s), Washer/Dryer Hookup

Unit 1 Information
Rent/Mo: 2325.0000

Unit 2 Information
Lease Expiration Dt: 2022-12-31

Exterior

Exterior Features
Pool Type: None
Exterior: Patio Covered

Lot Information
Acreage: 0.27
Lot Dimensions: 101' X 111' X 102' X 126'
Lot Features: Dead End
Lot/Parcel Access: Private Road
Zoning: Commercial

Building Information
Construction Status: Construction Complete
Construction/Siding: Brick, Roof Dimensional Shg, Slab, Trim Wood

Financial

Tax Information
Last Tax Year: 2020
Last Taxes: 1025.65

Lease Information
Existing Leases: 1 - 3 Years

Financial Information
Mortgage Type: Conventional
Financing: Conventional, FHA, VA
Brokerage Interest: No Interest

Utilities

Utility Information
Utilities: Electric, Public Sewer, Public Water, TV Cable
Energy: AC - 2 or More, AC - Central Elect, Heat - Two or More, Heat Cntrl Electric, Ridge Vent, Water Heater - Elect

Location

School Information
Elementary School: Holley-Navarre
Middle School: Holley-Navarre
High School: Navarre

Location Information
Sub Area: 1102 - East Navarre
Area: 11 - Navarre/Gulf Breeze
Street #: 8424
Street Name: Racing
Street Suffix: Lane
City: Navarre
County: Santa Rosa
State: FL
Zip Code: 32566
Project Name/Subdivision: WILLIFORD MANOR
Absolute Longitude: 86.869779
Longitude: -86.869779
Latitude: 30.404858
Directions: From Hwy 98, turn north on Hwy 87 and go approximately 1/3 mile. Take a left on the first street which will be Racing Lane and follow to the end where it curves to the right. Duplex will be on the left.

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 1,593
Stories: 1.0
Lot Size: 0.27 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1982
Year Renovated: 1992
County: Santa Rosa County
APN: 20-2S-26-5765-00000-0010

Home facts updated by county records on Jul 13, 2026

Other

Listing Price Information
List Price: 379990.00
List Price/SqFt: 238.54

Property Information
Apx SqFt(Htd/Cooled): 1593.00
Design: Duplex
Is Subject Leased
Sub-Type: Attached Single Unit

Listing Information
As Is

Around this home

Schools

Holley-Navarre Primary School

Public PreK-2 • Assigned • 1.1mi

Holley-Navarre Middle School

Public 6-8 • Assigned • 1.2mi

7/10

Navarre High School

Public 9-12 • Assigned • 1.4mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 104° expected this year, 23 days in 30 years

9/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Navarre, FL • 32566

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 5.2 hours in December, which is comparable to the U.S. average for solar exposure.

9.1 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$333,000 – $403,000

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NEW 12 HRS AGO

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NEW 13 HRS AGO

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Home values near 8424 Racing Ln

Data from public records.

Address	Redfin Estimate
8433 Racing Lane, Navarre, FL 3 Beds \| 3 Baths \| 2592 Sq. Ft.	$387,304
8408 Racing Lane, Navarre, FL 4 Beds \| 2 Baths \| 1508 Sq. Ft.	$306,493

Address	Redfin Estimate
8440 Racing Lane, Navarre, FL 4 Beds \| 2 Baths \| 1840 Sq. Ft.	$270,099
8432 Racing Lane, Navarre, FL 4 Beds \| 2 Baths \| 1508 Sq. Ft.	$255,525

Address	Redfin Estimate
8416 Racing Lane, Navarre, FL 4 Beds \| 2 Baths \| 1508 Sq. Ft.	$274,412
1914 Esplanade Street, Navarre, FL 3 Beds \| 2 Baths \| 1476 Sq. Ft.	$332,143

Property information provided by ECAR when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 32566, FL

Sale history for 8424 Racing Ln

Tax history for 8424 Racing Ln

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 32566

Home values near 8424 Racing Ln

More real estate resources