$329,000
●
House -
In Contract
573 Tropical Way
Freeport, FL 32439
3 Beds
2 Baths
1,636 Ft²
$1,814
Est. Monthly
About This Property
Beautifully updated 3BR/2BA home in the highly desirable Brandon
Oaks community of Freeport! This move-in ready home features
recently upgrade interior paint, retextured ceilings--no more
popcorn--and updated kitchen countertops with a stylish backsplash.
The functional layout offers comfortable living spaces, abundant
natural light, and thoughtful touches like a barn door leading to
the laundry room and shiplap accents in the master bathroom. Step
outside to enjoy a spacious backyard with a fire pit perfect for
entertaining, relaxing, or storing outdoor gear. Located minutes
from Mallet Bayou, Lagrange Bayou, and Choctawhatchee Bay with easy
access to public boat launches. No HOA--bring your boat and beach
toys!
Unit Size
1,636 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$201
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
2007
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: 4 months ago (ECAR #1001106)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Aug 9, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Berkshire Hathaway Home Services PenFed Realty | $329,000 | |
| Listed by Berkshire Hathaway Home Services PenFed Realty | |||
   | |||
|
Beautifully updated 3BR/2BA home in the highly desirable Brandon Oaks community of Freeport! This move-in ready home features recently upgrade interior paint, retextured ceilings--no more popcorn--and updated kitchen countertops with a stylish backsplash. The functional layout offers comfortable living spaces, abundant natural light, and thoughtful touches like a barn door leading to the laundry room and shiplap accents in the master bathroom. Step outside to enjoy a spacious backyard with a fire pit perfect for entertaining, relaxing, or storing outdoor gear. Located minutes from Mallet Bayou, Lagrange Bayou, and Choctawhatchee Bay with easy access to public boat launches. No HOA--bring your boat and beach toys!
| |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Price Decreased |
$329,000
↓ $6K
(1.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Pantry, Ceiling Raised, Newly Painted, Washer/Dryer Hookup
Appliances: Dishwasher, Refrigerator, Auto Garage Door Opn, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Flooring Type: Floor Tile, Floor WW Carpet
Rooms: 6
Exterior Details
Square Footage: 1636
Property Condition: Construction Complete
Architectural Style: Ranch
Year Built: 2007
Building Area Total: 1636
Window Features: Double Pane Windows
Construction Materials: Brick, Trim Vinyl
Patio and Porch Features: Patio Open
Lot Features: Cleared, Level, Interior
Lot Size Area: 0.33
Lot Size Units: Acres
Lot Size Acres: 0.33
Lot Size Square Feet: 14374.8
Lot Size Dimensions: 76 x 190
Financial Details
Tax Annual Amount: $2,377
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Walton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Royce W Mitchell, Berkshire Hathaway Home Services PenFed Realty
Last Updated: 4 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1001106
Last Updated: 4 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1001106
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