$445,000
●
Land -
Off Market
275 Morgan's Trail
Santa Rosa Beach, FL 32459
Studio
0 Bath
$2,544
Est. Monthly
About This Property
Nestled in the gated community of The Preserve at Grayton Beach,
perfectly situated along Scenic Highway 30A between Grayton Beach
and Blue Mountain Beach, this homesite presents the ideal
opportunity to construct a new beach retreat in a sought-after
location fronting community green space with potential for views of
the Gulf of Mexico from a future residence. This desirable location
offers a high elevation within Flood Zone X. Ideal as a second
home, rental investment or primary home, owners and guests within
The Preserve at Grayton Beach enjoy an amenity-filled beach
lifestyle that includes private beach access directly across Scenic
Highway 30A, two community swimming pools, lighted tennis courts
with pickleball lines and a fitness center.
Unit Size
-
Days on Market
26 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$192
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 months ago (ECAR #958183)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Jan 8, 2026 | Listed by Rosemary Beach Realty LLC | $459,000 | |
| Listed by Rosemary Beach Realty LLC | |||
| | |||
|
One of the last remaining buildable homesites in The Preserve at Grayton Beach! This 55x100 homesite conveys with full architectural plans by Chris Stoyles of the renowned Archiscapes Architects for a 2-story, 4-bedroom residence with a garage and inviting outdoor living spaces. Ideally situated with only one adjoining neighbor, the property backs to HOA-owned preserve land and has an additional HOA buffer to the east, offering extra privacy. The Preserve is a gated community on the west end of Scenic Hwy 30A featuring deeded beach access, two pools, tennis, fitness, and pickleball courts. A rare opportunity to build your dream home in one of 30A's most sought-after neighborhoods! Click here to view the proposed plans for this lot: https://houseplansbyarchiscapes.com/preserve-cottage/
| |||
| Dec 3, 2025 | Price Decreased |
$459,000
↓ $30K
(6.1%) | |
| Price Decreased | |||
| Oct 17, 2025 | Price Decreased |
$489,000
↓ $11K
(2.1%) | |
| Price Decreased | |||
| Sep 6, 2025 | Listed | $499,500 | |
| Listed | |||
| | |||
|
One of the last remaining buildable homesites in The Preserve at Grayton Beach! This 55x100 homesite conveys with full architectural plans by Chris Stoyles of the renowned Archiscapes Architects for a 2-story, 4-bedroom residence with a garage and inviting outdoor living spaces. Ideally situated with only one adjoining neighbor, the property backs to HOA-owned preserve land and has an additional HOA buffer to the east, offering extra privacy. The Preserve is a gated community on the west end of Scenic Hwy 30A featuring deeded beach access, two pools, tennis, fitness, and pickleball courts. A rare opportunity to build your dream home in one of 30A's most sought-after neighborhoods! Click here to view the proposed plans for this lot: https://houseplansbyarchiscapes.com/preserve-cottage/
| |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Walton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Joiner Group, Scenic Sotheby's International Realty
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 958183
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 958183
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017