41 Frog Hill Road
About This Property
Located just minutes from Freeport's growing shopping, dining, schools, and town center, you'll enjoy the tranquility of country living while remaining close to everyday conveniences and the Emerald Coast's renowned beaches, boating, and outdoor recreation.
The property is improved with city water, an existing septic system, and an older mobile home that is given little to no contributory value and is being conveyed as-is, allowing the focus to remain on the value of the land, existing utilities, and outstanding homesite. Existing improvements provide an excellent foundation for your future plans.
Situated in FEMA Flood Zone X (minimal flood risk), this property offers added peace of mind for many buyers. With ample space for a custom residence, detached garage or workshop, gardens, recreational vehicles, and outdoor living, the possibilities are endless. Buyers should verify all intended uses with Walton County.
Opportunities to own more than four acres with existing utilities, exceptional privacy, and a prime Freeport location are increasingly rare. Come experience the potential of the lifestyle that awaits!
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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 |
|---|---|---|---|
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Jul 25, 2026 | Listed by Compass | $535,000 | |
| Listed by Compass | |||
| Nov 23, 2021 | No longer available | - | |
| No longer available | |||
| Nov 4, 2021 | Relisted | $535,000 | |
| Relisted | |||
| Oct 9, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017