65 Happy Hollow Road
About This Property
Step inside to discover a bright, open floor plan featuring vaulted ceilings with exposed beams, abundant natural light, rich hardwood flooring, and a stunning galley-style kitchen with quartz countertops, white cabinetry, stainless steel appliances, a farmhouse sink, and designer brass accents. The beautifully updated bathrooms add warmth and character, while every detail has been thoughtfully selected to create a home that feels both stylish and welcoming.
Outside is where this property truly shines. Whether you own a boat, RV, camper, golf cart, or simply appreciate having room to spread out, this property gives you the freedom that many buyers are searching for but rarely find. The spacious lot offers endless possibilities for outdoor living, entertaining, gardening, hobbies, or simply enjoying the privacy and peaceful surroundings. A detached accessory building provides additional space for storage or other future uses, subject to buyer verification with Walton County.
As an added bonus, owners enjoy access to a private community boat launch on Black Creek with direct access to Choctawhatchee Bay, making it easy to spend your days boating, fishing, kayaking, or paddleboarding. Conveniently located just minutes from Highway 331, downtown Freeport, shopping, dining, schools, and less than 10 miles from Highway 98 and the Emerald Coast beaches, this home combines everyday convenience with the relaxed lifestyle that makes Freeport so desirable.
If you've been looking for more than just another house--if you've been looking for privacy, flexibility, room for your toys, and a place where you can truly enjoy the Florida lifestyle--65 Happy Hollow deserves your attention.
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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 10, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Price Decreased |
$424,900
↓ $35K
(7.6%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$459,900
↓ $40K
(8%) | |
| Price Decreased | |||
| May 1, 2026 | Relisted | $499,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017