66 Sawmill Road
About This Property
Located in Bruce, the property offers convenient access to County Park, State Highway 20, and is just a 30-minute drive to Northwest Florida Beaches International Airport. The white-sand beaches of Destin and 30A are also within reach, offering a seamless balance of riverfront tranquility and coastal access.
Whether you're envisioning a large-scale development or a private waterfront escape, this property delivers both scale and opportunity in one remarkable setting.
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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 |
|---|---|---|---|
| Mar 18, 2026 | Listed by Scenic Sotheby's International Realty | $2,300,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Jan 7, 2025 | Price Increased |
$3,500,000
↑ $1M
(40%) | |
| Price Increased | |||
| Mar 8, 2024 | Listed | $2,500,000 | |
| Listed | |||
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Welcome to your own slice of paradise on the Choctawhatchee River! With 49+/- acres of stunning natural beauty, this property offers endless possibilities for both relaxation and development. Picture yourself casting a line into the river, surrounded by the soothing sounds of flowing water and the shade of majestic Cypress and Oak trees that have stood tall for over a century.
While this property is the perfect place to call home, it also presents an exciting investment opportunity. With a Planned and platted 44 lot subdivision already in place, along with almost 8 acres of commercial property, you have the chance to create something truly special.
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| Sep 17, 2021 | Listed | $2,500,000 | |
| Listed | |||
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|
Welcome to your own slice of paradise on the Choctawhatchee River! With 49+/- acres of stunning natural beauty, this property offers endless possibilities for both relaxation and development. Picture yourself casting a line into the river, surrounded by the soothing sounds of flowing water and the shade of majestic Cypress and Oak trees that have stood tall for over a century.
While this property is the perfect place to call home, it also presents an exciting investment opportunity. With a Planned and platted 44 lot subdivision already in place, along with almost 8 acres of commercial property, you have the chance to create something truly special. Imagine building the ultimate Tom Sawyer Campground, where families can gather, make memories, and immerse themselves in the wonders of nature.
The estate home itself is a haven of comfort and luxury, boasting nearly 5,000 sq. ft of open living space. Whether you're hosting a dinner party or simply enjoying a quiet meal with your loved ones, the expansive balconies offer the perfect setting with breathtaking views of the river. And if you have guests staying over, the convenient first-floor apartment provides privacy and convenience.
Located in Bruce, you'll find yourself in a prime location with easy access to County Park, State Hwy 20, and just a short 30-minute drive to the Northwest Florida Beaches International Airport. And let's not forget about the world-renowned beaches of Destin and 30A, where you can sink your toes into soft white sand and soak up the sunshine.
Don't miss the chance to own this incredible property that offers both tranquility and potential. Whether you're seeking an idyllic riverfront retreat or a profitable venture, this is a rare opportunity that should not be missed. Come and experience the magic for yourself! Contact us now to schedule your private tour and let your dreams become a reality.
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| Jan 19, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017