For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Walton 32439
56 Formby Street
$76,500
● Land - Off Market

56 Formby Street

Freeport, FL 32439
bedrooms
Studio
bathrooms
0 Bath
$389
Est. Monthly

About This Property

@@@   Seller will Finance with $60,000 Down! CLEARED, SURVEYED, LEVEL + CITY WATER AND SEWER TAPPED. Juvenile oaks and palmettos remain ready for you to add your floor plan, Tiny House, or other structure.  Gorgeous lot on quiet street about 760 feet from the water's edge of the Choctawhatchee Bay and Pitts Bayshore Public Park (directly due south).  You'll enjoy fast access to the bay (with access to the Gulf of Mexico) plus proximity to necessary amenities including Publix and new commercial shopping plaza about 6 minutes away.  Live Oak Landing RV park is two blocks SE and includes both RV sites plus rental ready 1BR Tiny Homes for your overflow guests.   THE GULF OF MEXICO + WHITE SAND BEACHES ARE 17 MINUTES AWAY.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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: 2 years ago (ECAR MLS #932957)

Price History

Date / Event Date Event Price
Aug 1, 2024 Sold
Premium
Sold
Sep 22, 2023 Listed by Keller Williams Realty SRB $79,135
Listed by Keller Williams Realty SRB

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PITTS BAY SHORE
  • Land Acres: 0000000180
  • Standard Land Use Code: 8000
  • County Land Use Code: 0000
  • Legal Description 1: LOT 15 BLK F PITTS BAY SHORE S/D OR 3275-627

Neighborhood

  • Census Tract: 950501

Geography

  • Parcel: 02-2S-19-24080-00F-0150
  • Block: F
  • Lot: 15
  • Municipality: COUNTY
  • Latitude: 30.4325
  • Longitude: -86.1203

    Address

  • Full Address: 56 Formby St
  • Address - House Number: 56
  • Address - Street Name: Formby
  • Address - Suffix Type: St
  • State: FL
  • City Name: Freeport
  • Carrier Code: R004
  • 4-Digit Zip Code: 5095
  • Zip Code: 32439

Valuation

    Tax

  • Tax Amount: $0

    Market Valuation

  • Market Total Value: $53,250
  • Market Land Value: $53,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,250
  • Assessed Land Value: $53,250
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton

Stats & Trends

Median Asking:

$720,000

Sale Price/ft²

$421

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2299 ft²

Average Home Age

16.9 years

Currently For Sale

2305 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Evan H Dickson, Keller Williams Realty SRB
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 932957
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.

Frequently Asked Questions

When was property at 56 Formby Street built and last sold?
The property at 56 Formby Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 56 Formby Street is $79,926.
What are some comparable homes to 56 Formby Street?
There are currently no comparable homes to 56 Formby Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Freeport Homes for Sale
Freeport Houses for Sale
Freeport Townhouses for Sale
Freeport Land for Sale
Freeport Commercial for Sale
Freeport Homes with Basements
Freeport Homes with Pools
Freeport Homes with Parking
Nearby Cities
Panama City Beach Homes for Sale
Miramar Beach Homes for Sale
Destin Homes for Sale
Navarre Homes for Sale
Crestview Homes for Sale
Panama City Homes for Sale
Upper Grand Lagoon Homes for Sale
Wright Homes for Sale
Nearby Property Records
Walton County, FL Property Records
Washington County, FL Property Records
Bay County, FL Property Records
Holmes County, FL Property Records
Okaloosa County, FL Property Records
Geneva County, AL Property Records
Calhoun County, FL Property Records
Jackson County, FL Property Records
Neighborhoods
Santa Rosa Island Real Estate
Downtown Destin Real Estate
Crystal Beach Real Estate
Lynn Haven Real Estate
Bunkers Cove Real Estate
Wild Heron Real Estate
Port Dixie Real Estate
Destin Harbor Real Estate
Nearby Counties
Walton Beaches Homes for Sale
Fort Walton Beach Homes for Sale
Panama City Beaches Homes for Sale
Panama City Homes for Sale
Crestview Homes for Sale
Niceville-Valparaiso Homes for Sale
Lynn Haven Homes for Sale
Southport Homes for Sale
Top Real Estate Agents
Top Agents in Freeport
Top Agents in Walton Beaches
Top Agents in Fort Walton Beach
Top Agents in Panama City Beaches
Top Agents in 32459
Top Agents in 32413
Top Agents in Panama City
Top Agents in Panama City Beach