2554 Bay Grove Road
About This Property
Enjoy the best of waterfront living in Freeport with no HOA restrictions, a new dock, and direct bay access in one of the area's most desirable locations.
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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 |
|---|---|---|---|
| Oct 4, 2026 | Listed by La Florida Coastal Properties | $749,999 | |
| Listed by La Florida Coastal Properties | |||
| Apr 28, 2026 | Listed by La Florida Coastal Properties | $799,000 | |
| Listed by La Florida Coastal Properties | |||
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Discover waterfront living in Freeport, where peaceful bayfront views, a new dock, and no HOA create the ideal coastal retreat.
Build new or move right into the existing charming 2-bedroom, 2-bathroom home with 60 feet of bay frontage while you design your dream home.
Enjoy direct access to the water and the relaxed lifestyle buyers are searching for along the Emerald Coast.
A new roof installed in 2024 adds peace of mind, while the prime location places you just minutes from 30A beaches, shopping, dining, and everyday conveniences.
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| Apr 29, 2021 | Sold | ||
| Sold | |||
| Nov 28, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017