Lot 3 Turquoise Beach Drive
About This Property
The seller has a survey, elevation certificate, geotechnical studies, and stormwater engineering-saving you time on the planning process. Envision the endless possibilities this lot offers.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Listed by Emerald Coast Realty Pros Inc | $230,000 | |
| Listed by Emerald Coast Realty Pros Inc | |||
| Jul 15, 2019 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $89,500 | |
| Listed | |||
| | |||
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Beautiful Lot with gorgeous mature trees on a quiet street. Minutes to Grand Boulevard and Sacred Heart Hospital. Close to the Bay and the Beaches of South Walton. Adjoining Lot 4 is available as well. Build to suit. No HOA here.
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About Walton
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Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 970758
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017