223 Altman Road
About This Property
The property features a two-story block home with 5 bedrooms and 2 baths, along with an additional mobile home, providing multiple possibilities for living, guests, extended family or other uses. The generous acreage offers plenty of room to spread out, with space for a workshop, garden, boats, RVs, outdoor recreation and more.
Enjoy the privacy and relaxed lifestyle of acreage living while remaining convenient to Freeport, Black Creek, Choctawhatchee Bay and the beaches of South Walton.
Properties offering this much usable land, flexible and proximity to both Freeport and the Emerald Coast are increasingly difficult to find. Bring your vision and discover the possibilities.
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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 24, 2026 | Price Decreased |
$979,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Apr 4, 2026 | Listed by Compass | $980,000 | |
| Listed by Compass | |||
| Dec 5, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017