Lot 34 Caswell Branch Road
About This Property
Centrally positioned between Fort Walton Beach and Panama City Beach, this property offers the best of coastal living-close to endless outdoor recreation, local attractions, and Destin's world-famous Crab Island, all within approximately 30-45 minutes.
Situated in a peaceful, well-kept community that allows only single-family homes with minimal restrictions, this lot is ideal for creating a private retreat or or full-time residence. Mobile homes are not permitted. City water and sewer tap fees are due.
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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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Listed by Coldwell Banker Realty | $63,500 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017