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Map
6339 GREY HERON DRIVE
About This Property
Build your dream home while enjoying the added privacy of a second adjoining lot in the sought-after Sea Pines community. These two adjacent lots, totaling approximately 0.9 acres, are being sold together and offer a rare combination of space and flexibility. Per the seller, only one lot is buildable due to a creek that flows through the second lot to the bay, making the additional parcel ideal as a natural buffer or private green space. Sea Pines features underground utilities, public water and sewer, paved streets with lighting, a scenic walking trail around a 7-acre lake, a 200-foot private beach with a gazebo, and convenient access to the nearby Dickerson City public boat launch. Located along the Garcon Point Corridor, you'll enjoy a peaceful setting with easy access to Pensacola, Gulf Breeze, and the Gulf Coast. Listing is for land only and comes As Is.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$59,999
↓ $2K
(3.2%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$61,999
↓ $2K
(3.1%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$63,999
↓ $2K
(3%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$65,999
↓ $3K
(4.4%) | |
| Price Decreased | |||
| Aug 19, 2026 | Price Decreased |
$68,999
↓ $1K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017