$120,000
●
Land -
For Sale
Lot #2 Dolphin Cove
Freeport, FL 32439
Studio
0 Bath
$590
Est. Monthly
About This Property
Build your dream home on this .44-acre lot steps from
Choctawhatchee Bay. This treed lot offers a tranquil setting with
bay access. Located in the highly desirable Dolphin Bay Estates.
Enjoy a short drive to the beaches, boat ramps & local dining. This
lot is perfect for building your dream home or vacation retreat.
Whether you are ready now or plan to hold for your future, this lot
provides a rare opportunity to own a slice of paradise.
Dolphin Bay Estates is a non-HOA neighborhood consisting of less than a dozen homes on the north shore of the Choctawhatchee Bay. The lot backs up to the Elgin Reservation offering 42,000 acres of nature, hiking & biking trails providing a tranquil and peaceful buffer on the back side of the lot.
Make your dreams come true in Dolphin Bay Estates.
Dolphin Bay Estates is a non-HOA neighborhood consisting of less than a dozen homes on the north shore of the Choctawhatchee Bay. The lot backs up to the Elgin Reservation offering 42,000 acres of nature, hiking & biking trails providing a tranquil and peaceful buffer on the back side of the lot.
Make your dreams come true in Dolphin Bay Estates.
Unit Size
-
Days on Market
80 days
Land Size
0.44 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Listed By
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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: 3 months ago (ECAR #1007445)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2026 | Listed by Savvy Avenue LLC | $120,000 | |
| Listed by Savvy Avenue LLC | |||
| Oct 6, 2025 | Price Decreased |
$85,000
↓ $5K
(5.6%) | |
| Price Decreased | |||
| Aug 12, 2025 | Price Decreased |
$90,000
↓ $5K
(5.3%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed | $95,000 | |
| Listed | |||
| | |||
|
Build Your Dream Home in Dolphin Cove Estates!
Don't miss this rare opportunity to own one of the last remaining lots in the sought-after Dolphin Cove Estates. This spacious 0.44-acre homesite offers a partial water view and serene setting surrounded by mature trees and lush greenery—perfect for creating the private oasis you've been dreaming of. Centrally located for access to Destin or Santa Rosa Beach.
Enjoy the natural beauty and tranquility of the area with Choctawhatchee Bay just moments away, where sunsets and local wildlife offer a peaceful retreat. Outdoor enthusiasts will appreciate the two public boat ramps only 4.5 miles away, as well as nearby parks and playground.
You're also just 0.7 miles from Nick's Restaurant and beach a local favorite for swimming, paddle boarding, fresh seafood and relaxing!
| |||
| Jun 3, 2025 | Price Decreased |
$95,000
↓ $3K
(3.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Exterior Details
Lot Size Area: 0.44
Lot Size Units: Acres
Lot Size Acres: 0.44
Lot Size Square Feet: 19166.4
Lot Size Dimensions: 107x180x106x181
Utilities Details
Sewer : Septic Tank
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Baths
ft²
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About Walton
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Currently no similar homes aroundNearby Rentals
Listed by: Moe Mossa, Savvy Avenue LLC
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1007445
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1007445
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