See Home Value
32439
281 Grove Lane
$2,500,000
● House - Off Market

281 Grove Lane

Freeport, FL 32439
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
7,690 Ft²
$14,829
Est. Monthly
0.68%
Cap Rate

About This Property

Discover the perfect blend of Craftsman architecture and natural beauty in this exceptional one-of-a-kind home featuring 300' of breathtaking bay frontage, a private dock, and a separate boat house. This thoughtfully designed custom home was lovingly created as a retreat by the owner, a physicist and engineer by trade. Perched on a scenic promontory, the home's western orientation provides mesmerizing sunset views over Choctawhatchee Bay and tranquil canals. Inside, a commercial-grade mahogany-lined elevator effortlessly connects the first floor to the upper levels, including direct pantry access for ultimate convenience.The climate-controlled lower level features a spacious two-plus-car tandem garage, a versatile multi-purpose room, a workshop, and a generous guest suite, perfect for entertaining or accommodating visitors. Don't miss the opportunity to own this remarkable bayfront retreatschedule a showing today!
Unit Size
7,690 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$371
Property Type
House
Property Taxes
$834
HOA Dues
-
Year Built
2002

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Cap Rate Calculator

Last updated: 2 years ago (ECAR MLS #961339)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Sold
Oct 18, 2024 Listed by Scenic Sotheby's International Realty $2,850,000
Listed by Scenic Sotheby's International Realty

Property Highlights

Elevator
Garage
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 950
  • Parking Space Count: 0
  • Patio Type: 70
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,028
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 8,640
  • Gross Building Area: 8,640
  • Building Area: 7,690
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 7,690
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MALLET BAYOU
  • Land Acres: 0000000345
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: COM NE/C OF GOVT LOT 3, N 89 DEG 27'W 1595.53 FT, N 388.15 FT, N 11 DEG 02'45W 338.58 FT N 23 DEG 43'15E 236.31 FT, N 07 DEG 46'55W 100.07 FT TO POB, S 79 DEG 56'20W 131 FT TO WATERS EDGE OF CHOCTAWHAT- CHEE BAY, NLY AND ELY ALONG WATERS EDGE 248 FT,

Neighborhood

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

Zoning

  • Zoning: BAYN

Geography

  • Assessors Map Reference: S1-33-19
  • Parcel: 33-1S-19-23000-023-0083
  • Block: 2300
  • Lot: 3
  • Meridian: SEC 33 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.4538
  • Longitude: -86.1605

    Address

  • Full Address: 281 Grove Ln
  • Address - House Number: 281
  • Address - Street Name: Grove
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Freeport
  • Carrier Code: R002
  • 4-Digit Zip Code: 4805
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 8,798
  • Tax Year: 2022
  • Tax Amount: $997,164
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.0898
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 92
  • Final Value: 3,983,755
  • High Value: 4,341,642
  • Low Value: 3,625,867

    Market Valuation

  • Market Total Value: $2,068,304
  • Market Land Value: $626,602
  • Market Improvement Value: $1,441,702

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,196,207

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Freeport


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Frequently Asked Questions

When was property at 281 Grove Lane built and last sold?
The property at 281 Grove Lane was built in 2002 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 281 Grove Lane is $2,878,500.
What are some comparable homes to 281 Grove Lane?
There are currently no comparable homes to 281 Grove Lane.