$140,000
●
Land -
For Sale
186 Stillwater Road
Freeport, FL 32439
Studio
0 Bath
$712
Est. Monthly
About This Property
Don't miss this rare canal-front opportunity featuring 70 feet of
waterfront with direct access to Choctawhatchee Bay! Situated high
and dry in Flood Zone X with no HOA, this property offers
exceptional flexibility to build your waterfront retreat or bring
your RV and start enjoying the coastal lifestyle.
The property features a paved driveway, underground city water and electric, and a large septic system, with public sewer. Boaters will love being approximately 1.5 miles from the public boat ramp, while the beautiful beaches of the Emerald Coast are only about 20 minutes away.
The existing mobile home is considered to have no value and will require removal, leaving you with a blank slate to create your vision.
Waterfront. No HOA. Bay access. Flood Zone X. Opportunities like this are increasingly hard to find. Affordable waterfront living with incredible potential--priced to sell!
The property features a paved driveway, underground city water and electric, and a large septic system, with public sewer. Boaters will love being approximately 1.5 miles from the public boat ramp, while the beautiful beaches of the Emerald Coast are only about 20 minutes away.
The existing mobile home is considered to have no value and will require removal, leaving you with a blank slate to create your vision.
Waterfront. No HOA. Bay access. Flood Zone X. Opportunities like this are increasingly hard to find. Affordable waterfront living with incredible potential--priced to sell!
Unit Size
-
Days on Market
74 days
Land Size
0.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$25
HOA Dues
-
Year Built
1997
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
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: 3 months ago (ECAR #1010743)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Listed by Crystal Ball Legacy Real Estate LLC | $140,000 | |
| Listed by Crystal Ball Legacy Real Estate LLC | |||
| Jul 8, 2025 | Price Decreased |
$240,000
↓ $35K
(12.7%) | |
| Price Decreased | |||
| May 1, 2025 | Price Increased |
$275,000
↑ $25K
(10%) | |
| Price Increased | |||
| Feb 19, 2025 | No longer available | - | |
| No longer available | |||
| Feb 17, 2025 | Listed | $250,000 | |
| Listed | |||
| | |||
|
Big Price Reduction - Waterfront Lot with Utilities - Freeport, FL
Don't miss this high and dry canal-front lot with 70' of water frontage and direct access to Choctawhatchee Bay! Located in Flood Zone X with no HOA, this unique property is packed with value: oversized screened porch, two large storage sheds, paved driveway, underground utilities (city water & electric), and a large septic system. Zoned Rural Village for flexibility. Mobile home on site is a tear-down—bring your RV or build your dream retreat. Just 1.5 miles to the boat ramp and 20 minutes to the beach. Priced to sell fast!
| |||
Property Highlights
Exterior Details
Waterfront Features: Canal
Lot Features: Cleared, Within 1/2 Mile to Water, RV Lot
Lot Size Area: 0.39
Lot Size Units: Acres
Lot Size Acres: 0.39
Lot Size Square Feet: 16988.4
Lot Size Dimensions: 86x156x77x179
Water Source: Public
Financial Details
Tax Annual Amount: $294
Utilities Details
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Walton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Crystal N Cheatham, Crystal Ball Legacy Real Estate LLC
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1010743
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1010743
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017