193 Perimeter Place
About This Property
And the upgrades? Already done for you.
While many buyers purchase a builder-grade home and immediately start planning projects and extra expenses, this home already features approximately $25,400 in thoughtful improvements, giving you the benefit of enhanced style, comfort, and function from day one.
If you're comparing homes in Freeport and want a property that delivers on space, upgrades, location, and lifestyle, schedule your private showing Step inside and you'll feel the difference right away. Custom woodwork frames the entry, while Craftsman-style trim and upgraded baseboards add character and depth throughout the living spaces. In the living room, a custom built-in entertainment center creates a stunning focal point beneath a dramatic double tray ceiling with crown molding -- a feature that adds both elegance and architectural impact rarely found in standard inventory homes.
Warm designer touches continue throughout, including shiplap accents in the dining area and garage drop zone, an upgraded kitchen backsplash, and fresh interior paint that gives the entire home a crisp, polished, move-in-ready feel.
The open-concept layout flows beautifully between the kitchen, dining, and living areas, making everyday living easy and entertaining even better. A split-bedroom floor plan offers privacy for the primary suite while still providing flexible space for guests, a home office, hobbies, or growing needs.
Outside, the spacious premium corner lot offers even more to love. Professionally landscaped side and backyard areas, partial privacy fencing, and already-installed gutters add both beauty and practicality -- and there is still room to create your dream outdoor retreat, including space for a future pool.
Even better, this home is located less than half a mile from the future Ronnie Brannon Sr. Memorial Park Complex, a state-of-the-art recreational destination planned to include pickleball courts, a dog park, playground, amphitheater, and multipurpose field -- adding exciting lifestyle value just moments from your doorstep.
Living in Freeport means enjoying a central Northwest Florida location with convenient access to the best of the region. Beaches along South Walton, including Santa Rosa Beach and 30A, are within easy reach, and major employment hubs such as Eglin Air Force Base, Hurlburt Field, the Army 7th Special Forces Group, Naval School Explosive Ordnance Disposal, and Tyndall Air Force Base are all within a practical commute. Northwest Florida Beaches International Airport, Pier Park, Grand Boulevard, Baytowne Wharf, Silver Sands Premium Outlets, Destin Commons, schools, Publix, and everyday conveniences are also easily accessible.
With HOA dues of just $60 per month, estimated homeowner's insurance of approximately $1,600 annually, and the low-maintenance benefits of 2022 construction, this home offers modern efficiency along with upgraded appeal.
At $415,000, this is far more than a base-level home. It is an opportunity to own a property where approximately $25,400 has already been invested in upgrades that elevate daily living and add long-term value -- without the time, hassle, or additional expense of doing it yourself after closing.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Price Decreased |
$415,000
↓ $15K
(3.5%) | |
| Price Decreased | |||
| Feb 21, 2026 | Listed by Coldwell Banker Realty | $429,900 | |
| Listed by Coldwell Banker Realty | |||
| Apr 6, 2025 | Price Decreased |
$449,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017