56 Camellia Lane
About This Property
Living in Hammock Bay means embracing a thoughtfully designed, resort-style community where everyday life feels both relaxed and connected. Set along the shores of the Choctawhatchee Bay in Freeport, this master-planned neighborhood is known for its natural beauty, walkability, and abundance of amenities that support an active, social, and well-balanced lifestyle.
Residents enjoy multiple resort-style swimming pools, including lap pools and family-friendly options, along with a state-of-the-art fitness center offering modern equipment and group classes. Outdoor enthusiasts appreciate the miles of scenic walking, jogging, and biking trails that wind through preserved green spaces, lakes, and tree-lined streets. Tennis courts, pickleball courts, basketball courts, and playgrounds provide something for every age and interest.
Hammock Bay is also designed for connection and community. A vibrant town center hosts regular events, farmers markets, food trucks, concerts, and seasonal gatherings that bring neighbors together. Parks, open lawns, and shaded seating areas encourage outdoor living and casual meetups, while dog-friendly spaces make it easy to enjoy the neighborhood with pets.
Families value access to highly regarded local schools, while everyone benefits from the community's convenient location just minutes from shopping, dining, and everyday essentials in Freeport, with an easy drive to 30A beaches, Destin, and Sandestin. With its blend of nature, amenities, and intentional design, Hammock Bay offers more than a place to live, it delivers a lifestyle centered on comfort, wellness, and connection.
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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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Price Decreased |
$411,900
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Jan 1, 2026 | Listed by Real Broker LLC | $414,900 | |
| Listed by Real Broker LLC | |||
| Nov 25, 2025 | Price Decreased |
$414,900
↓ $10K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017