104 George Ellis Point
About This Property
Perched on the point, this property is oriented to soak in panoramic water views across the bayou and into Choctawhatchee Bay, with front-row seats to some of the most spectacular sunsets in the area. Wildlife is part of everyday life here -- herons wading the shallows, dolphins gliding past the docks, and eagles, osprey, and deer moving through the property's wooded acreage. It's the kind of natural beauty and privacy that simply isn't replicated on parcels of this scale so close to the water. The Main residence offers a single-level, split-plan layout with 3 bedrooms, cathedral ceilings, and a wall of windows framing the water and sunset views. Finishes throughout reflect no expense spared: custom walnut cabinetry, quartzite countertops, hardwood flooring, and hurricane-rated doors and windows. The covered cumaru deck on the south side is the perfect perch for dining or relaxing, with sweeping bayou and bay views and steady breezes off the water year round. A true multi-family or income-generating asset, the second home features 2 bedrooms and 2 bathrooms, a large galley kitchen with hickory cabinets and natural stone countertops, and a two-story layout that feels like its own private retreat. Upstairs offers a bedroom suite with en-suite bath and a library; downstairs opens to panoramic water views and a fireplace for cooler months. Covered parking is also located here. A third structure currently used as a workshop, creates a bonus or flexible space including a sleeping loft and full bathroom -- ready to become an additional guest suite, private office, or personal getaway. Beyond the seawall, three private docks with open boathouses, boat lifts, and catwalks are already in place. Just bring your boat or jet skis. With this much wooded acreage, waterfront, and privacy rarely -- if ever -- available together in Freeport, the next owner has the rare chance to preserve this sanctuary as-is, add personal structures, or explore development potential on one of the most significant homesites the area has ever seen.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2026 | Listed by Scenic Sotheby's International Realty | $5,500,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Jun 18, 2024 | Listed | $5,500,000 | |
| Listed | |||
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Welcome to your new waterfront retreat on Lagrange Bayou where it's all about the views and coastal lifestyle. This unique 6.8 acre offering, encompasses two single family homes, an additional cottage that could serve as a guest home, workshop, or home office, and three docks with 725 ft of waterfront. The beautifully updated main home offers a split plan, 3 bedroom layout on a single level with cathedral ceilings and a wall of windows to capture the perfect sunsets. No expense was spared on updates to include custom walnut cabinets, quartzite countertops, hardwood flooring, and hurricane rated doors and windows. The covered cumaru deck on the south side of the main home is the ideal spot for dining or relaxing with stunning views of the bayou and bay. Enjoy refreshing breezes from the Choctawhatchee Bay, even on the warmest days. The second home on the property offers the flexibility of multi-family living on the estate, a guest home, or opportunity for rental income. This home comprises 2 bedrooms and 2 bathrooms with a large galley kitchen complete with hickory cabinets and natural stone countertops. This unique 2 story layout feels like a retreat with the upstairs offering a private bedroom with on suite bath, and library, while the downstairs space features panoramic water views and fireplace for the cooler seasons. This home is also where you'll find the covered parking. The third structure, currently serving as a workshop space, boasts a sleeping loft and bathroom which allows the property to convert to another guest space, private office, or man cave. Just beyond the seawall you'll find 3 docks with open boat houses, boat lifts, and catwalks already in place and ready to enjoy- just bring your boat or jet skis! Not only is this a private sanctuary for families to enjoy, but it serves as home to eagles, osprey, and deer not to mention the dolphins who swim through on a regular basis. The additional wooded land offers a unique position for the next owner to simply secure their privacy, build additional personal structures, or consider development opportunities.
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| Sep 25, 2017 | Sold | ||
| Sold | |||
| Jul 6, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017