$99,000
●
Land -
For Sale
Lot 4 Enchanted Way
Santa Rosa Beach, FL 32459
Studio
0 Bath
$519
Est. Monthly
About This Property
Build your dream home in Enchanted Estates, a thoughtfully planned
community known for its peaceful setting and convenient location.
Surrounded by natural beauty and established homes, the community
features inviting green spaces, walking paths, and a private pool
with clubhouse for residents to enjoy.
This centrally located homesite places you within easy reach of our white sand beaches and coastal lifestyle , while also offering quick access to Grand Boulevard's shopping, dining, and entertainment, Sacred Heart Hospital, and the many attractions of Sandestin, Destin and Scenic Highway 30A. With low HOA dues and flexible building timelines, this homesite presents an exceptional opportunity to create a full-time residence or second home in one of Santa Rosa Beach's most desirable areas.
This centrally located homesite places you within easy reach of our white sand beaches and coastal lifestyle , while also offering quick access to Grand Boulevard's shopping, dining, and entertainment, Sacred Heart Hospital, and the many attractions of Sandestin, Destin and Scenic Highway 30A. With low HOA dues and flexible building timelines, this homesite presents an exceptional opportunity to create a full-time residence or second home in one of Santa Rosa Beach's most desirable areas.
Unit Size
-
Days on Market
220 days
Land Size
0.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
$32
HOA Dues
-
Year Built
-
Listed By
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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: 6 months ago (ECAR #995866)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2026 | Listed by Compass | $99,000 | |
| Listed by Compass | |||
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 2, 2025 | In contract | - | |
| In contract | |||
| Dec 19, 2024 | Listed by Lokation | $70,000 | |
| Listed by Lokation | |||
| | |||
|
Low HOA! No Short Term Rentals!
Discover the perfect opportunity to build your dream home in the highly sought-after community of Enchanted Estates, located in beautiful Santa Rosa Beach, FL. This vacant lot is perfectly positioned near everything you could need: Grand Boulevard for shopping and dining, Sacred Heart Hospital for peace of mind, and the stunning 30A beaches just minutes away. Outdoor enthusiasts will love the proximity to Topsail Hill State Park, known for its pristine trails and natural beauty. Enchanted Estates offers scenic walking trails, a sparkling community pool w/ clubhouse, and access to Driftwood Estates Park—a county-owned facility featuring basketball, tennis, pickleball courts, playgrounds, and soccer fields. Call today to learn more!
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Property Highlights
Exterior Details
Lot Features: Cleared, Covenants, Interior, Irregular, Restrictions
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3049.2
Lot Size Dimensions: 48 x 78 x 45 x 65
Financial Details
Tax Assessed Value: $150
Tax Annual Amount: $385
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Accounting, Ground Keeping, Management, Recreational Faclty
Comparables
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Type
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HOA + Taxes
About Walton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Spears Group, Compass
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 995866
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 995866
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