Lot 41 Grantham Lane
About This Property
Zoned for Conservation Residential (2 units per acre) you can build a single family home with the potential for an Accessory Dwelling Unit (ADU) (subject to county approval), this property is ideal for a custom primary residence, a second home, or an investment property with added income potential. With no wetlands, in a Flood ''X'' Zone, you'll enjoy a more straightforward path toward designing and building your dream home. A recent Survey conveys with the purchase!
Spend your mornings at the beach, afternoons exploring the area's renowned restaurants and boutiques, and evenings enjoying the peaceful surroundings of your own private retreat. Located just 8 minutes from the sugar-white sands and emerald waters of the Gulf, and minutes from popular shopping, dining, entertainment, and outdoor recreation, you'll have the best of Santa Rosa Beach right at your fingertips.
Whether you're looking to build now or invest in one of Northwest Florida's fastest-growing coastal communities, this oversized homesite offers endless potential without the restrictions of an HOA. Opportunities like this are becoming increasingly difficult to find --don't miss your chance to own and create something truly special.
Payment Calculator
Your Estimated Monthly Payment
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017