$449,000
↓ $21K (4.4%)
●
House -
For Sale
158 Johns Lane
Freeport, FL 32439
2 Beds
2 Baths
1,200 Ft²
$2,330
Est. Monthly
3.19%
Cap Rate
About This Property
HUGE PRICE IMPROVEMENT-SAME WATER VIEWS!
Owner Builder, Custom Built - Waterfront Florida Cottage on Alaqua Creek.
Qualifies for 100% USDA Financing!
This MUST SEE one-of-a-kind, custom waterfront home, designed by Designs by Vision, showcases exceptional craftsmanship and innovation. It features the patented Ty-Rite System, a revolutionary piling installation method where no wood touches the ground, ensuring superior durability and longevity. This system makes this home stronger than any other wood-pile waterfront home in the area! The home is elevated on wood pilings with a solid concrete foundation, enhancing flood protection, promoting air circulation beneath the structure, and significantly reducing long-term maintenance costs. The elevation also provides ample space to store a 20' boat and park up to four vehicles Enjoy stunning views of Alaqua Creek from the spacious 10' x 20' covered porch, complete with custom steel-capped handrails. Inside, the open-concept living and kitchen area with an island offers incredible waterfront views. and is outfitted with custom solid wood cabinetry built from ¾ inch poplar wood, finished with crown molding. The kitchen features 1.5" thick granite countertops, a large island, 9' ceilings with crown molding, waterproof vinyl wood flooring throughout, LED lighting, and Whirlpool appliances. The home is equipped with a 2 Ton Carrier HVAC system with heat pump (14 SEER) for year-round comfort.
Bathrooms include custom solid wood vanities, granite countertops, and ceramic tile flooring. Exterior features include Hardy board front siding, 29-gauge steel metal roofing and siding, a mound septic system, and a 4" well with two advanced filtration systems to ensure clean, safe water. The home is also pre-plumbed for an outdoor shower, perfect for rinsing off after fishing or watersports days or gardening. Recently pressure washed, the home is designed for low maintenance and watertight performance.
Affordable home on deep water that goes out to the Bay! Located near the Alaqua Creek Park Public Boat Launch, this property offers direct and quick access to Choctawhatchee Bay. No comparable homes in the area for this price. Homeowners and Flood insurance is very affordable, and utility bills remain low!
Best of all, there are no HOA fees or restrictions
Owner Builder, Custom Built - Waterfront Florida Cottage on Alaqua Creek.
Qualifies for 100% USDA Financing!
This MUST SEE one-of-a-kind, custom waterfront home, designed by Designs by Vision, showcases exceptional craftsmanship and innovation. It features the patented Ty-Rite System, a revolutionary piling installation method where no wood touches the ground, ensuring superior durability and longevity. This system makes this home stronger than any other wood-pile waterfront home in the area! The home is elevated on wood pilings with a solid concrete foundation, enhancing flood protection, promoting air circulation beneath the structure, and significantly reducing long-term maintenance costs. The elevation also provides ample space to store a 20' boat and park up to four vehicles Enjoy stunning views of Alaqua Creek from the spacious 10' x 20' covered porch, complete with custom steel-capped handrails. Inside, the open-concept living and kitchen area with an island offers incredible waterfront views. and is outfitted with custom solid wood cabinetry built from ¾ inch poplar wood, finished with crown molding. The kitchen features 1.5" thick granite countertops, a large island, 9' ceilings with crown molding, waterproof vinyl wood flooring throughout, LED lighting, and Whirlpool appliances. The home is equipped with a 2 Ton Carrier HVAC system with heat pump (14 SEER) for year-round comfort.
Bathrooms include custom solid wood vanities, granite countertops, and ceramic tile flooring. Exterior features include Hardy board front siding, 29-gauge steel metal roofing and siding, a mound septic system, and a 4" well with two advanced filtration systems to ensure clean, safe water. The home is also pre-plumbed for an outdoor shower, perfect for rinsing off after fishing or watersports days or gardening. Recently pressure washed, the home is designed for low maintenance and watertight performance.
Affordable home on deep water that goes out to the Bay! Located near the Alaqua Creek Park Public Boat Launch, this property offers direct and quick access to Choctawhatchee Bay. No comparable homes in the area for this price. Homeowners and Flood insurance is very affordable, and utility bills remain low!
Best of all, there are no HOA fees or restrictions
Unit Size
1,200 Ft²
Days on Market
467 days
Land Size
0.30 acres
Price per sqft
$374
Property Type
House
Property Taxes
$125
HOA Dues
-
Year Built
2019
Listed By
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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: 4 months ago (ECAR #979508)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2026 | Price Decreased |
$449,000
↓ $21K
(4.5%) | |
| Price Decreased | |||
| Dec 14, 2025 | Price Decreased |
$469,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jun 24, 2025 | Listed by Coldwell Banker Realty | $479,900 | |
| Listed by Coldwell Banker Realty | |||
| Jul 31, 2017 | Listed | $310,000 | |
| Listed | |||
| | |||
|
Check out new photos! To see a model of home, see one on Cabbage Rose Lane off E. Point Washington in Santa Rosa Beach. This cottage will be up 8 ft off ground. Affordable new construction on deep water that goes out to the Bay! No comparable homes in the area for this price. Using newly patented technique for building, this home makes it a long lasting and low maintenance structure. In early stages of construction, so changes can be made at buyer's expense if wanted. Including another bathroom area instead of laundry room, or an extra story with another bedroom to make it 1600 sq. ft.The manager has listed the unit size as 1200 square feet.
| |||
| Jan 20, 2017 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Carport
Parking Features: Carport, Covered, See Remarks
Interior Details
Full Bathrooms: 2
Interior Features: Kitchen Island, Pantry, Ceiling Crwn Molding, Lighting Recessed, Shelving, Washer/Dryer Hookup
Appliances: Dishwasher, Disposal, Microwave, Range Hood, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Warranty Provided, Water Heater - Elect
Flooring Type: Floor Tile, Floor Vinyl
Rooms: 9
Exterior Details
Square Footage: 1200
Property Condition: Construction Complete
Architectural Style: Florida Cottage
Year Built: 2019
Waterfront Features: Creek
Building Area Total: 1200
Window Features: Double Pane Windows, Window Treatmnt Some
Construction Materials: Steel Siding, Foundation Stilts, Roof Pitched, Trim Wood
Patio and Porch Features: Porch, Deck Covered, Deck Open, Porch Open
Lot Features: Cleared, Level, See Remarks, Flood Insurance Req, Interior, Survey Available, Within 1/2 Mile to Water
Lot Size Area: 0.3
Lot Size Units: Acres
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Lot Size Dimensions: 121 x 118 x 115 x 125 approx
Water Source: Well
Financial Details
Tax Annual Amount: $1,503
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Walton
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Listed by: Beverly J Buck, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 979508
Last Updated: 4 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 979508
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