522 Black Creek Boulevard
About This Property
Currently zoned Estate Residential, the land provides plenty of room to create your ideal homestead, private retreat, or build the dream home you've always wanted. With over two acres, there's space for gardens, workshops, recreational toys, or simply enjoying the peaceful surroundings. Located just a short drive from the beautiful beaches of South Walton, you'll enjoy the perfect balance of privacy and convenience--close to world-class beaches, dining, and shopping while still having room to spread out.
Whether you're looking for a coastal escape, investment opportunity, or a homesite near the Gulf, this property offers endless possibilities in the growing Freeport area.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by HomeBiz Properties | $300,000 | |
| Listed by HomeBiz Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017