LOT 23 B Bayside Drive
About This Property
Extraordinary Bayou Views | Rare Opportunity
Opportunities like this do not come along often!!!Welcome to Lot 23 B on Bayside Drive, a rare homesite offering peaceful, scenic views of LaGrange Bayou, which gently winds its way into the Choctawhatchee Bay. This setting provides the perfect balance of natural beauty, privacy, and coastal charm.
Imagine designing and building your custom home to capture breathtaking bayou views, where mornings begin with tranquil water reflections and evenings end with unforgettable sunsets. A short stroll brings you closer to the water's edge, where kayaking, paddleboarding, fishing, and quiet moments of reflection become part of everyday life.
This property consist of (2) parcels altogether. The one parcel is nearly all uplands and ready to build. Call today to get all details.
No HOA - Minimal restrictions
You just do not find Waterfront at this price anymore!!! Do not miss out on this incredible value. There is so much to understand about this property. One lot ready to build and one provide great nature preserve and waterfront access. Build your dream here! All within 30 minutes of the sandy white beaches of Florida's Gulf Coast!!; Property Highlights:
-Beautifule Bayou Views Overlooking LaGrange Bayou
-Bayou access leading directly to Choctawhatchee Bay
-Ideal homesite for a custom coastal or bayou retreat
-Peaceful setting in an established area of Freeport
-Utilities available nearby - City Water & Sewer
-Convenient access to shopping, dining, beaches, and Hwy 331
Lifestyle & Location:
Located in the growing city of Freeport, this homesite places you perfectly between Destin, Scenic Highway 30A, and Panama City Beach-offering easy access to world-class beaches, dining, boating, and entertainment while still enjoying the serenity of bayou-front living.
Build your vision. Capture the views. Live the lifestyle.
This is a rare chance to own a truly special piece of Florida's coastal beauty.
Notes: This acre includes 2 parcels, 29-1S-19-23010-00B-0230 and 29-1S-19-23000-005-0052.
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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 |
|---|---|---|---|
| May 15, 2026 | Price Increased |
$239,500
↑ $15K
(6.4%) | |
| Price Increased | |||
| Aug 15, 2025 | Price Decreased |
$225,000
↓ $40K
(15.1%) | |
| Price Decreased | |||
| May 3, 2025 | Relisted | $265,000 | |
| Relisted | |||
| Apr 21, 2025 | No longer available | - | |
| No longer available | |||
| Apr 15, 2025 | Listed by Coldwell Banker Realty | $265,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017