$2,995,000
↓ $130K (4.2%)
●
Land -
For Sale
Lot 5 Lake Breeze Way
Santa Rosa Beach, FL 32459
Studio
0 Bath
$14,706
Est. Monthly
About This Property
Welcome to Bannerman Beach Estates; one of the most sought after
communities along the Gulf Coast. This lot is one of the last
remaining vacant parcels in this low density community. Bannerman
offers a unique opportunity to reside in a gated rental restricted
community with private beach and lake access. The lots here are the
largest sized single family residential zoned lots found south of
30A. There is an extremely low turnover rate in Bannerman with only
a handful of homes changing hands over the last 10 years. The size
of this lot will accommodate a true estate sized home. Bannerman is
the destination when you want to stay on 30A, but you want space
and privacy.
Unit Size
-
Days on Market
209 days
Land Size
0.61 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #998656)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2026 | Price Decreased |
$2,995,000
↓ $130K
(4.2%) | |
| Price Decreased | |||
| Mar 23, 2026 | Listed by Coastal Abode | $3,125,000 | |
| Listed by Coastal Abode | |||
| Oct 16, 2020 | Listed by Christies International Real Estate Emerald Coast | $1,400,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| | |||
|
Bannerman Beach Estates is small gated gulf front neighborhood offering .5+ acre homesites with exclusive deeded beach and lake access. This rental-restricted community is located on the Gulf of Mexico and nestled alongside Little Redfish Lake on Scenic Hwy 30A. With its perfect location and tranquil backdrop, Bannerman Beach provides homeowners the opportunity to build their ideal home in this intimate beachside community with unparalleled privacy nestled amongst Florida's native vegetation. Close proximity to boutique Shopping, Eateries, State Parks of Grayton Beach, WaterColor and Seaside plus more. Experience Old Florida Living the way it should be...
| |||
Property Highlights
Exterior Details
Lot Features: Level, Addl Land Available, Interior, Within 1/2 Mile to Water
Lot Size Area: 0.61
Lot Size Units: Acres
Lot Size Acres: 0.61
Lot Size Square Feet: 26571.6
Lot Size Dimensions: 136 X 128 X 143 X 227
Financial Details
Tax Assessed Value: $6,000
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Walton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: James C Watts Jr, Coastal Abode
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 998656
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 998656
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017