0 Harley Road
About This Property
An exceptional opportunity to acquire a premier waterfront homesite in Walton County. This offering comprises approximately **0.4 acres**, consisting of four contiguous lots (Lots 1-4), and features over **250 feet** of frontage along Hogtown Bayou. The property provides direct water access to Choctawhatchee Bay and the Gulf of Mexico via the Choctawhatchee River, offering outstanding potential for boating, fishing, and a wide range of recreational activities.
Positioned within a protected cove, the site showcases scenic views and a rich natural setting with abundant marine life. The sheltered location also offers ideal conditions for watercraft protection, including the potential for a boathouse within a naturally suited lagoon area. Deep water access, combined with the absence of vertical obstructions, allows for convenient navigation of larger vessels.
The location offers both privacy and accessibility, situated approximately **35 miles** from Eglin Air Force Base and within close proximity to the region's renowned beaches, as well as the amenities, dining, and lifestyle offerings along the scenic 30A corridor.
Recent infrastructure improvements include enhancements to 13th Street by Walton County, along with water and sewer installation by Regional Utilities, providing full utility access via Harley Road, which is county-maintained.
This property presents a rare opportunity to secure a substantial waterfront parcel in a highly desirable area. Prospective buyers are encouraged to contact their real estate professional to arrange a private showing.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | Listed by Performance Realty | $650,000 | |
| Listed by Performance Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017