Lot 6 & 7 Pisces Drive
About This Property
A significant value-add, wetland mitigation was completed in November 2022, saving future buyers both time and expense. Surveys are available, and house plans are also available for purchase, helping you move one step closer to bringing your vision to life.
Bay Pine Shores is a small, HOA-restricted community with low annual dues of just $125 per lot and no required build-out timeframe, allowing you to build on your schedule. Conveniently located just off Chat Holly Road, less than a mile from Highway 331, and only minutes from the beaches of South Walton and 30A, you'll enjoy easy access to renowned dining, shopping, entertainment, boating, and outdoor recreation.
The surrounding area continues to experience exciting growth and investment, including the planned amphitheater and future mixed-use developments featuring lakes, trails, and additional amenities. Large homesites of this size have become increasingly difficult to find in South Walton, making this an exceptional opportunity for a primary residence, second home, or investment property.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Keller Williams Realty SRB | $399,999 | |
| Listed by Keller Williams Realty SRB | |||
| May 14, 2024 | No longer available | - | |
| No longer available | |||
| Feb 23, 2023 | Listed by Compass Florida, LLC | $11,000,000 | |
| Listed by Compass Florida, LLC | |||
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Prominent gulf front positioning ideally situated in the boutique gated development of Seashore Village located in the heart of Seagrove Beach along scenic 30A. This compound property features two contiguous gulf front parcels spanning over 120' in linear width along the white sand beaches and emerald green waters of the Gulf of Mexico. Lot 6 and 7 Seashore Circle offer two residential lots spanning 120' in width along the Gulf as well as over 300' in depth down to the mean high water line. This property is an idealistic development opportunity or legacy home site with the opportunity to build two separate dwellings or a larger single dwelling. Located two miles east of Seaside town center, this charming neighborhood is one of just a handful of locations along 30A that offer gated
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017