Lot 16 Cypress Drive
About This Property
With a minimum home size of just 900 square feet, there is flexibility to build a smaller-footprint cottage or create something larger and completely custom. Water and electric are available at the street.
Here's another advantage that's especially valuable when buying land: the owner is a licensed General Contractor and can offer a cost-plus construction contract with an acceptable offer. Buyers have the option to purchase the lot and work directly with the seller to turn their plans into a finished home.
The location is equally convenient, with Niceville High School, Ruckel Middle School, the Niceville Civic Center, library, and children's park all within walking distance.
Bring your plans and your imagination. If you've been looking for a homesite that gives you the opportunity to build something a little different from the typical Florida home, Lot 16 deserves a closer look.
Buyer to verify all dimensions, utilities, zoning, building requirements, minimum square footage, site conditions, and feasibility of intended improvements.
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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 27, 2026 | Price Decreased |
$49,000
↓ $10K
(17%) | |
| Price Decreased | |||
| Aug 19, 2026 | Listed by Coldwell Banker Realty | $59,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 7, 2026 | Listed by Scenic Sotheby's International Realty | $479,000 | |
| Listed by Scenic Sotheby's International Realty | |||
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LOCATED SOUTH OF 30A, POSSIBLE GULF VIEWS, IN A GATED NEIGHBORHOOD, WITH NO BUILD OUT TIME!!!
Cypress Dunes is a sanctuary of coastal elegance on the tranquil west end of Scenic Highway 30A in Santa Rosa Beach, Florida--where timeless architecture blends seamlessly with the untouched natural beauty of Topsail Hill Preserve State Park. This coveted gated community is defined by majestic cypress trees, serene walking paths, and breathtaking sunset views that create a peaceful retreat just minutes from sugar-white beaches, boutique shopping, and the vibrant dining that make 30A so beloved. Residents enjoy the rare opportunity to build a custom home that reflects their personal style while still honoring the community's refined coastal aesthetic, supported by thoughtful architectural guidelines and a selection of respected local builders. Cypress Dunes offers a premium location and exceptional craftsmanship, and lasting serenity in a setting protected from future overdevelopment. Its amenities are truly resort-caliber featuring two stunning pools including an infinity-edge pool overlooking the Gulf of America and rare Coastal Dune Lake, a jetted spa, a state-of-the-art fitness center, owners' clubhouse, outdoor fireplace, tennis & pickleball courts, a recreational lawn, and beautifully maintained boardwalks where local wildlife can often be spotted. Short term rentals are allowed with a six night minimum. A rustic elevated pathway connects Phase I to Phase II, leading to an additional pool with a cascading waterfall while offering sweeping views of the surrounding cypress landscape. Living in Cypress Dunes means embracing beauty, balance, and the easy rhythm of coastal living in one of Santa Rosa Beach's most desirable communities. Photos of the highest and best use floor plan is shown in the photos and under the document tab. The HOA fees are done in two different ways. It is all about the amenities. If you own a vacant lot, and do not want to use the amenities, then you can pay a reduced, tier 2 fee of $792.00 per quarter. If you have a vacant lot and want to use the amenities or have a home, then the fee is $1200.00 per quarter.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017