LOT 5 BLK Sunset Avenue
About This Property
Prospective buyers should note that the property is subject to an environmental requirement due to the presence of a protected gopher tortoise. Prior to construction, the tortoise must be professionally relocated in accordance with all applicable state regulations. The buyer will be responsible for coordinating the relocation and the associated cost, which is approximately $5,000.
Don't miss this opportunity to invest in a beautiful homesite and bring your vision to life in Santa Rosa Beach.
*No HOA
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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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$899,000
↓ $40K
(4.3%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$939,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Berkshire Hathaway HomeServices | $949,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
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Last Updated: 24 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1006787
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