$102,500
●
House -
Off Market
15284 Highway 331 Business #UNIT2E
Freeport, FL 32439
2 Beds
3 Baths,
1
Half Bath
1,109 Ft²
$172,109
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model
About This Property
The Palms of Freeport represents a sanctuary for anyone wishing to
escape the congestion of South Walton, yet reside just fifteen
miles from the white sand beaches of Grayton Beach. The Palms of
Freeport is a low density community of townhomes nestled between
trees and lush foliage with great amenities including a park, pool,
pool house, and more. The units feature granite counter tops, solid
wood custom cabinets, stainless appliances, 18 inch tile,
travertine counters in bathrooms, New Orleans style paver entry
ways, upgraded lighting package, wooden decks on the back of each
unit, wooden blinds, plenty of storage, large bedrooms, and a
spacious floor plan. This is the MODEL UNIT ONLY, multiple units to
choose from.
Unit Size
1,109 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$63
HOA Dues
$201
Year Built
-
Payment Calculator
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (ECAR MLS #762617)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 13, 2017 | Sold | ||
| Sold | |||
| Oct 15, 2016 | Listed by ResortQuest Real Estate | $102,500 | |
| Listed by ResortQuest Real Estate | |||
Property Highlights
Air Conditioning
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Half Bathrooms: 1
Interior Features: Ceiling Raised, Floor Tile, Floor WW Carpet, Floor WW Carpet New, Furnished - None, Lighting Recessed, Pantry, Washer/Dryer Hookup, Window Treatment All
Appliances: Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric
Rooms: 4
Exterior Details
Road Frontage Type: City Street
Property Condition: Construction Complete
Year Built: 2007
Construction Materials: Frame, Roof Composite Shngl, Siding CmntFbrHrdBrd
Pool Features: Pool Type
Financial Details
Tax Year: 2015
Tax Annual Amount: $760
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Utilities: Electric, Public Sewer, Public Water
Location Details
Association Fee Includes: Accounting, Ground Keeping, Insurance, Management, Recreational Faclty
Association Fee Frequency: Quarterly
Association Fee2: $201
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/27/2025
|
2 Bed
|
2 Bath
|
-
|
$210,000
2 Bed
2 Bath
|
$199,500
-5.00%
04/09/2026
|
Hope Johnson
Keller Williams Realty Destin
| |
|
07/18/2019
|
2 Bed
|
3 Bath
|
1109 ft²
|
$141,000
2 Bed
3 Bath
1109 ft²
|
$141,000
08/30/2019
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
01/27/2019
|
2 Bed
|
3 Bath
|
1109 ft²
|
$138,000
2 Bed
3 Bath
1109 ft²
|
-
-
|
-
| |
|
08/23/2018
|
2 Bed
|
3 Bath
|
1109 ft²
|
-
2 Bed
3 Bath
1109 ft²
|
-
-
|
-
| |
|
08/23/2018
|
2 Bed
|
3 Bath
|
1109 ft²
|
-
2 Bed
3 Bath
1109 ft²
|
-
-
|
-
| |
|
10/15/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$102,500
2 Bed
3 Bath
1109 ft²
|
$102,500
12/14/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
10/15/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$102,500
2 Bed
3 Bath
1109 ft²
|
$102,500
01/13/2017
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
08/22/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$99,500
2 Bed
3 Bath
1109 ft²
|
$99,500
09/23/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
08/22/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$105,500
2 Bed
3 Bath
1109 ft²
|
$105,500
02/16/2017
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
07/01/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$99,500
2 Bed
3 Bath
1109 ft²
|
$97,500
-2.01%
08/31/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
07/01/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$97,500
2 Bed
3 Bath
1109 ft²
|
$97,500
08/15/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
07/01/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$99,500
2 Bed
3 Bath
1109 ft²
|
$97,500
-2.01%
08/15/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
06/27/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$97,500
2 Bed
3 Bath
1109 ft²
|
$97,500
08/24/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
06/20/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$102,500
2 Bed
3 Bath
1109 ft²
|
$102,500
09/27/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
06/20/2016
|
2 Bed
|
3 Bath
|
1109 ft²
|
$99,500
2 Bed
3 Bath
1109 ft²
|
$99,500
09/02/2016
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
11/30/-0001
|
2 Bed
|
3 Bath
|
1109 ft²
|
$137,500
2 Bed
3 Bath
1109 ft²
|
-
-
|
-
|
Building Info
About Freeport
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Nathan Abbott Team, ResortQuest Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 762617
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 762617
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