49 Harmony Way
About This Property
Located within Harmony, an intimate 19-home cul-de-sac inside Hammock Bay, this residence sits on .36 acres with the rare advantage of a protected natural backdrop. An oversized courtyard driveway and side-load garage create an impressive arrival, while the setting delivers something equally valuable: privacy, space, and a sense of separation from the ordinary.
Inside, generous proportions and thoughtful design create a home that lives beautifully. The open-concept main living area is complemented by a dedicated office, formal dining room, bonus craft/flex room, abundant storage, and an extraordinary 26' x 13' fifth bedroom--giving you the freedom to create a media lounge, game room, fitness studio, guest retreat, or second living space. Luxury vinyl plank flooring, granite countertops, crown molding accents, and spacious rooms provide a polished foundation for both everyday living and entertaining.
Then step outside, because this is where the Florida lifestyle takes center stage. A new in-ground saltwater pool anchors a private backyard surrounded by fencing, lush lawn, preserve views, a covered lanai, and additional storage. Morning coffee overlooking the water. Long afternoons by the pool. Dinner under the lanai. Weekends spent entertaining without ever leaving home. This outdoor space wasn't simply added--it transforms the way the property lives.
And beyond your backyard is the lifestyle that has made Hammock Bay one of Freeport's signature communities. Resort-style zero-entry pools, three clubhouses, a fitness center, tennis, pickleball and basketball courts, miles of trails, playgrounds, dog parks, community green spaces, a General Store, and bay access create an environment where recreation and convenience are woven into everyday life.
The value here is in the complete package: approximately 3,750 square feet, five bedrooms, multiple flex spaces, .36 acres, a private pool, preserve-backed privacy, and access to an amenity-rich community--all within reach of Choctawhatchee Bay, Scenic Highway 30A, the beaches of the Emerald Coast, dining, shopping, and everything Northwest Florida has to offer.
If you have been waiting for a home that gives you more space, more privacy, more amenities, and more ways to enjoy the Florida lifestyle, 49 Harmony Way deserves to be seen in person.
The sellers are ready to make a move--and they are ready to negotiate. Bring your offer and discover just how much lifestyle your next address can deliver.
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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 9, 2026 | Price Decreased |
$679,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$699,000
↓ $31K
(4.2%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$729,900
↓ $20K
(2.7%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by Coldwell Banker Realty | $749,900 | |
| Listed by Coldwell Banker Realty | |||
| Aug 14, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017