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Walton 32439
252 Waterview Cove Drive
$465,000
● House - Off Market

252 Waterview Cove Drive

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths
$2,284
Est. Monthly

About This Property

Under Contract. Coastal living, no HOA, and private bay access - this Freeport gem has it all! Nestled among the trees off Highway 83, this home features a newly landscaped yard with brand-new sod, premium irrigation, and a fully fenced backyard for relaxing or entertaining. The kitchen and baths are ready for your personal style, while big-ticket updates are done: new roof, HVAC, hot water heater, and whole-home propane generator - all within the last 2 years. Enjoy boating, fishing, or kayaking just minutes from your door in a peaceful, convenient location perfect for a retreat or year-round living.
Unit Size
-
Days on Market
183 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006

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Cap Rate Calculator

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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: 2 years ago (ECAR #971630)

Price History

Date / Event Date Event Price
Sep 19, 2025 Sold
Premium
Sold
Aug 20, 2025 In contract -
In contract
Jul 10, 2025 Price Decreased $465,000
↓ $14K (2.9%)
Price Decreased
Jun 15, 2025 Price Decreased $479,000
↓ $6K (1.2%)
Price Decreased
Apr 28, 2025 Price Decreased $485,000
↓ $10K (2%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,620
  • Total Building Area: 2,344
  • Gross Building Area: 2,344
  • Building Area: 1,924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HICKORY PLACE WATERVIEW COVE
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1 HICKORY PLACE WATERVIEW COVE PB 7-22 OR 2251-401 OR 2639-2212 OR 2730-3148

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950502

Geography

  • Assessors Map Reference: S1-18-19
  • Parcel: 18-1S-19-23010-006-0010
  • Block: 600
  • Lot: 1
  • Meridian: SEC 18 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.4917
  • Longitude: -86.1923

    Address

  • Full Address: 252 Waterview Cove Dr
  • Address - House Number: 252
  • Address - Street Name: Waterview Cove
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Freeport
  • Carrier Code: R003
  • 4-Digit Zip Code: 2806
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 2,218
  • Tax Year: 2022
  • Tax Amount: $112,495
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 92
  • Final Value: 480,272
  • High Value: 522,921
  • Low Value: 437,624

    Market Valuation

  • Market Total Value: $277,797
  • Market Land Value: $32,932
  • Market Improvement Value: $244,865

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $160,128

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2686
  • Previous Sale Recording Date: Jun 30, 2023
  • Previous Sale Contract Date: Jun 29, 2023
  • Previous Sale Amount: $274,600
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2268 ft²

Average Home Age

17.7 years

Currently For Sale

3396 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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ECAR

Listed by: The Jennings Team, By the Water Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 971630
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 252 Waterview Cove Drive built and last sold?
The property at 252 Waterview Cove Drive was built in 2006 and last sold on Jan 25, 2024 for $460,000.
How much is this home worth?
The estimated value of the home located at 252 Waterview Cove Drive is $0.
What are some comparable homes to 252 Waterview Cove Drive?
There are currently no comparable homes to 252 Waterview Cove Drive.
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