Lot 2 Bridgeway Lane
About This Property
Plans have been developed for an approximately 3,500-sq.-ft., three-story home featuring more than 2,000 square feet of porch and outdoor living space, thoughtfully designed to take full advantage of the property's exceptional lake, dune and gulf views. The plans offer inspiration for what is possible on this special homesite while allowing the next owner the opportunity to create a home tailored to their own vision.
Located at the end of Bridgeway Lane with minimal traffic, the homesite feels wonderfully tucked away while remaining close to the Watersound Beach Club and the white sand beaches of the gulf. Set along Camp Creek Lake, one of South Walton's rare coastal dune lakes, the property enjoys a distinctive natural setting of water, coastal dunes and native vegetation that feels removed from the rush of Scenic Highway 30A. Watersound Beach is celebrated for its striking natural landscape, thoughtfully designed architecture and extensive network of paths and boardwalks that complement its coastal surroundings. Watersound Beach amenities further enhance the coastal lifestyle with gulf-front pools, community docks, parks, beach services and recreational opportunities. With coastal dune lake homesites in Watersound Beach exceptionally limited, Lot 2 presents a unique opportunity to design and build a legacy home in one of 30A's most desirable coastal communities.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Listed by Scenic Sotheby's International Realty | $2,750,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017