2744 Bay Grove Road
About This Property
The groundwork is already done. Public water, public sewer and electric are available, so you skip the septic and well headaches and get straight to building. The land has been surveyed and platted, and there is no HOA and no recorded covenants or deed restrictions. Bring your own architect, your own vision and your own rules.
Freeport puts you in the middle of everything without the crowds. Highway 331 takes you to the beaches of 30A, and you're close to Santa Rosa Beach dining and shopping and the Emerald Coast lifestyle everyone is chasing. Quiet bay living with the Gulf just across the bridge.
Offered at $1,400,000. Opportunities like this on Bay Grove Road don't last. Call today.
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Cap Rate Calculator
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 16, 2026 | Listed by Compass | $1,400,000 | |
| Listed by Compass | |||
| Sep 2, 2026 | Sold | ||
| Sold | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Price Decreased |
$900,000
↓ $200K
(18.2%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$1,100,000
↓ $150K
(12%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017