13636 St Highway 20
About This Property
With two separate lots, you have the option to demolish and build two new homes, making this an ideal project for developers or investors. Enjoy serene water views and bay breezes from this prime location, just minutes from Choctaw Beach Park, boat launch, and all that Niceville has to offer.
Don't miss your chance to own a piece of property in one of the area's most desirable water-view corridors-live in one, sell or rent the other, or create two dream homes. Opportunities like this don't come often!
This property isn't just real estate; it's a canvas for vision. Whether you're a developer aiming for dual-new-build returns, an investor seeking value-add renovation gains, or a waterfront enthusiast dreaming of a beautiful Bayview residence, 13636 E State Hwy 20 delivers unmatched flexibility in a serene, high-demand location. Call today and make it yours!
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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 |
|---|---|---|---|
| Oct 1, 2025 | Price Decreased |
$425,898
↓ $2
(0%) | |
| Price Decreased | |||
| Jun 30, 2025 | Listed by HomeBiz Properties | $425,900 | |
| Listed by HomeBiz Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017