149 Palmetto Avenue
About This Property
Enjoy the best of Northwest Florida, where country living meets easy access to the sugar-white Gulf beaches, just 18 minutes away, and Alaqua Bayou Park Boat Ramp, only 13 minutes away for boating, fishing, and paddleboarding. Shopping, dining, and everyday conveniences are all a short drive away.
The nearby Walton County Horse Power Pavilion hosts popular concerts, rodeos, and community events, adding to the area's small-town charm and vibrant atmosphere.
With no HOA, you'll have the freedom to build the home that fits your lifestyle.
Whether you're looking for a primary residence, a weekend retreat, or an investment opportunity, this property offers endless possibilities. Contact us today to learn more and take the next step!
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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 15, 2026 | Price Decreased |
$95,000
↓ $5K
(4.9%) | |
| Price Decreased | |||
| Feb 11, 2026 | Price Decreased |
$99,900
↓ $15K
(13.1%) | |
| Price Decreased | |||
| Nov 5, 2025 | Listed by Coldwell Banker Realty | $115,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017