$547,742
●
House -
In Contract
505-B Suwannee Drive #44B
Watersound, FL 32461
2 Beds
2 Baths
1,418 Ft²
$2,690
Est. Monthly
About This Property
Entered for comp purposes. This beautifully designed 2-bedroom,
2-bath paired patio villa with a 1.5-car garage offers
low-maintenance, single-level living with modern finishes and an
open layout. The Lucas floor plan flows from the foyer into the
kitchen, dining, and family room, leading to the covered rear patio
with a serene water view.
The upgraded kitchen enhances everyday living with a conveniently located pantry complete the space. Additional highlights include 10' ceilings, 8' doors, luxury vinyl plank flooring, a SmartCode touchscreen entry. Energy-efficient features include impact-rated windows, LED lighting, and a tankless gas water heater. A family foyer/drop zone and welcoming front porch add everyday convenience.
The upgraded kitchen enhances everyday living with a conveniently located pantry complete the space. Additional highlights include 10' ceilings, 8' doors, luxury vinyl plank flooring, a SmartCode touchscreen entry. Energy-efficient features include impact-rated windows, LED lighting, and a tankless gas water heater. A family foyer/drop zone and welcoming front porch add everyday convenience.
Unit Size
1,418 Ft²
Days on Market
-
Land Size
-
Price per sqft
$386
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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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 #1002406)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2026 | Listed by Watersound Real Estate | $547,742 | |
| Listed by Watersound Real Estate | |||
Property Highlights
Garage
With View
Parking Details
Has Garage
Attached Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Kitchen Island, Pantry
Appliances: Dishwasher, Microwave, Refrigerator, Auto Garage Door Opn, Stove/Oven Gas, Warranty Provided, Water Heater - Tnkls
Flooring Type: Floor Tile, Floor Vinyl
Rooms: 5
Exterior Details
Square Footage: 1418
Property Condition: Under Construction
Architectural Style: Duplex
Year Built: 2026
Building Area Total: 1418
Window Features: Storm Window(s)
Construction Materials: Frame, Siding CmntFbrHrdBrd
Pool Features: Pool Type
Pool is Private
Lot Features: Interior
Lot Size Units: Acres
Lot Size Dimensions: 35x90
Financial Details
Tax Assessed Value: $924
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Ground Keeping, Management, Master Association, Repairs/Maintenance
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
About Walton
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Currently no similar homes aroundNearby Rentals
Listed by: Builder Services, Watersound Real Estate
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1002406
Last Updated: 6 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1002406
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