Lot 10 Blk B Marsh Drive
About This Property
Create your dream retreat on this rare .424-acre homesite, just 800 feet from the sparkling Choctawhatchee Bay, minutes from Basin Bayou, and only 6.6 miles to Choctaw Beach/ramp.
Nestled between Niceville and Freeport, this property offers the ideal blend of privacy and conveniences of shopping and coastal dining.
Wake up to the sound of rustling hardwoods, spend your days boating, fishing, or kayaking, and wind down with breathtaking sunsets over the bay.
This level, build-ready lot already has a PAID water tap in place, Electric available at the road and Flood Zone X designation giving you the freedom to design the home you've always envisioned.
Mobile homes allowed!! No HOA, No Restrictions.
Zoned Rural Village. Whether you picture a cozy cottage tucked beneath the trees or a spacious family retreat for entertainment.
Note: Bay View waterfront Pics are taken approximately 800 feet from Lot to the end of the Marsh Drive. These show it is a short stroll to take in the breathtaking views of the Choctawhatchee bay!!
***All dimensions shown in listings, platt and/or photos are approximate only. Buyer will be responsible to complete due diligence to ensure accuracy of all information.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 20, 2026 | Sold | ||
| Sold | |||
| Dec 12, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed by Coldwell Banker Realty | $129,900 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017