198 Waterside Lane
About This Property
Tucked along the bayou in Freeport, just north of the 331 bridge, this single-story residence offers a quiet, relaxed approach to waterfront living just minutes from 30A.
Positioned directly on the water, the property is anchored by a private dock with covered seating and approximately five-minute access to the bay and open water. Spend mornings heading out for a quick boat ride, afternoons on the water, or evenings unwinding at the dock as the sun sets. It's a setup that makes it easy to enjoy the water regularly, whether you're boating, fishing, or simply taking in the setting. Built in 2018 and meticulously maintained, the home features a light-filled, open-concept layout that connects the kitchen, dining, and living spaces. Large windows draw in natural light and frame views of the bayou, creating a comfortable, easy flow throughout. The kitchen is both functional and well-finished, offering quartz countertops, shaker-style cabinetry, stainless steel appliances, and an oversized island suited for everyday living and casual gatherings. The layout is clean and practical. The primary suite is positioned at the rear of the home to take advantage of the water views and includes a walk-in closet with direct access to the laundry room, along with a spacious bath featuring dual vanities and a walk-in shower. A true second bedroom sits at the front, while an additional enclosed space off the main living area offers flexibility as an office, sunroom, or potential third bedroom.
Outdoor living is equally considered. A screened porch overlooks the bayou, with additional space for grilling and gathering. Beneath the oversized carport, a private sauna adds a refined layer to the home's outdoor experience. Additional features include a two-car garage, covered RV parking with power and water hookups, and a dual-fuel whole-house generator capable of running on gasoline or LP.
Set along a quiet, single-street stretch with no HOA, the property offers a sense of calm and space while remaining close to Freeport, the 331 corridor, and the beaches of 30A.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Price Decreased |
$849,000
↓ $26K
(3%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$875,000
↓ $24K
(2.7%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Scenic Sotheby's International Realty | $899,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Aug 10, 2021 | Sold | ||
| Sold | |||
| Dec 6, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017