8 days on rocket

207 Compass Lake Dr, Alford, FL, 32420

$1,400,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,785 SqFt
$784/SqFt
House

Location

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207 Compass Lake Dr, Alford$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1952
WaterfrontLake Front
MLS #766857
Lot Size11.12 Acres
StatusActive

About 207 Compass Lake Dr

This HIGHLY desirable lake front (almost 310 feet waterfrontage) property is not just a 'lot', it is 11.12 acres of pure scenic beauty! If you are tired of the hustle in city life, Compass Lake (approx 700 acres) is the perfect location. Just a little over 30 miles (south) to Panama City and just a little over 40 miles (north) to Dothan Alabama. This property has a brand new 36x28 pavilion with concrete slab and a brand new Trex dock, which is resistant to rot, warping and splintering.Compass Lake is known for being a spring-fed lake that's popular for water sports, and for being surrounded by a 10,000-acre master-planned community. Compass Lake is a great place for water sports like water skiing, wakeboarding, fishing, swimming, kayaking, canoeing, and paddleboarding. The area around Compass Lake is known for its natural beauty, including cypress trees, wildlife, and underwater caves. The Compass Lake in the Hills community offers many amenities, including: A private outdoor pool A starlight terrace Tennis and handball courts A boat ramp and dock A disc golf course A driving range A clubhouse facility for rent at McCormick Lake Olle's restaurantRe-model the existing home or build your dream home!! If you area an investor please note that 4-5 acres is conservation. If property were to be divided you can put 2 homes per acre with the remaining 6+- acreage. If units share well only it can be 3 units per acre and if well and septic are shared it can be 4 units per acre. Please check with Jackson County Planning and Zoning for any updates.Must show pre-approval of proof of funds.All measurements are more or less.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1952
  • Living Area: 1,785 SqFt

Listing Office:

  • Office Name: Maphis Realty Group

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake Front

Lot Features

Lot Information:

  • Lot Size: 11.12 Acres

Other

Directions Information:

  • Directions: From Hwy 231 and Interstate 10 travel south on Hwy 231 for 13 miles. Turn left on Lakepoint Rd and travel .3 miles and turn right on Compass Lake Dr. Property is .2 miles on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
  • Price Per SqFt: $784/SqFt

Tax Information:

  • Annual Amount: $1,125
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Alford, FL.

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Alford, FL

City

Med. Sold Price

$175K

Med. Price/SqFt

$113

Avg. Days On Market

53

# of Sold Homes

2

207 Compass Lake Dr vs Alford

8 DAYS ON ROCKET

-45 Days

$1,400,000

+$1.2M More

$784/SqFt

+$670 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $670/SqFt more than other homes in Alford, FL.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #766857

Listing Office:

  • Office Name: Maphis Realty Group

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/15/2025, 10:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,125$125,272
2019$1,144$122,456
2018$1,113$120,173
2017$1,081$117,701

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2640121
5
/10

  • Cottondale Elementary School

  • 2766 Levy St

  • 14.44 miles

  • Public District Grades KG-5

school-card-donut-2640122
4
/10

  • Waller Elementary School

  • 11332 E Highway 388

  • 15.47 miles

  • Public District Grades PK-5

school-card-donut-2640123
4
/10

  • Kate M. Smith Elementary School

  • 1447 South Blvd

  • 16.25 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,729. Most Alford, FL residents have annual incomes between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 207 Compass Lake Dr

What is the listing price of this property?

The listing price of 207 Compass Lake Dr property is $1,400,000.

What type of property is this?

The property 207 Compass Lake Dr is a house located in Alford, Florida, 32420.

Is this property for sale now?

Active Listing: 207 Compass Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,125 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 207 Compass Lake Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 207 Compass Lake Dr is 1,785 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 207 Compass Lake Dr is 1952.

Rocket Homes›Florida›Jackson County›Alford›32420›207 Compass Lake Dr

This home is located at 207 Compass Lake Dr in Alford, FL and zip code 32420. This 1,785 square foot home, which was built in 1952, sits on a 11.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 07, 2025 and is currently priced at $1,400,000.

In December 2024 more than 0 listings in Alford, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The number of homes for sale in Alford, FL decreased by 8.3% between November 2024 and December 2024. The median list price of listings available in December 2024 was $175,000, while the average time on the real estate market was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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