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Walton 32413
165 Pennekamp Lane
$1,170,000
● House - Off Market

165 Pennekamp Lane

Inlet Beach, FL 32461
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$6,417
Est. Monthly

About This Property

Enjoy the MOST AMAZING SUNSETS from your picturesque backyard or, inside from your beautiful loft!! This stunning home offers an ABUNDANCE OF NATURAL LIGHT AND SOARING CEILINGS allowing you to capture the COTTON CANDY SUNSETS that the area is famous for!!This Orchid floorplan is known for being one of the most popular, in the gated community of Naturewalk in Watersound Origins, offering 4BR/ 3.5BA, OFFICE AND LOFT! This meticulously kept home will fulfill your beach home dreams! Naturewalk has an exclusive, amenities center, offering a lakeside pool, sundeck, fitness center, tennis, pickleball, and playground. Next door, you have access to the event lawn, resort-style pool, fitness center, Lake Powell and UNLIMITED GOLF!!
Unit Size
-
Days on Market
69 days
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
2021

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Cap Rate Calculator

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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: 6 months ago (ECAR #994644)

Price History

Date / Event Date Event Price
Apr 16, 2026 Sold
Premium
Sold
Mar 7, 2026 In contract -
In contract
Feb 5, 2026 Listed by 1 Percent Lists Florida Coast $1,200,000
Listed by 1 Percent Lists Florida Coast
Sep 14, 2021 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,496
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 770
  • Total Building Area: 3,836
  • Gross Building Area: 3,836
  • Building Area: 3,396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERSOUND ORIGINS NATUREWALK PHASE 1
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 17 WATERSOUND ORIGINS- NATUREWALK PHASE 1 PB 22-50 OR 3174-559 OR 3216-728

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950610

Geography

  • Subdivision Phase Number: 1
  • Parcel: 24-3S-18-16120-000-0170
  • Block: 1
  • Lot: 17
  • Meridian: SEC 24 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3062
  • Longitude: -86.0096

    Address

  • Full Address: 165 Pennekamp Ln
  • Address - House Number: 165
  • Address - Street Name: Pennekamp
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Inlet Beach
  • Carrier Code: R038
  • 4-Digit Zip Code: 8638
  • Zip Code: 32461

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $618,975
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 1,598,153
  • High Value: 2,010,195
  • Low Value: 1,186,112

    Market Valuation

  • Market Total Value: $706,077
  • Market Land Value: $137,465
  • Market Improvement Value: $568,612

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $706,077
  • Assessed Land Value: $137,465
  • Assessed Improvements Value: $568,612

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 20210046047
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2268 ft²

Average Home Age

17.7 years

Currently For Sale

3423 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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ECAR

Listed by: Cherissa Cabahug, 1 Percent Lists Florida Coast
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 994644
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 165 Pennekamp Lane built and last sold?
The property at 165 Pennekamp Lane was built in 2021 and last sold on Aug 12, 2021 for $738,900.
How much is this home worth?
The estimated value of the home located at 165 Pennekamp Lane is $1,212,000.
What are some comparable homes to 165 Pennekamp Lane?
There are currently no comparable homes to 165 Pennekamp Lane.
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