See Home Value
Walton 32439
696 Phillips Drive
$445,000
● House - Off Market

696 Phillips Drive

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths
$2,325
Est. Monthly
4.63%
Cap Rate

About This Property

Waterfront Paradise - Welcome Home to 696 Phillips Drive! Tucked away in the peaceful Landings community, this beautifully updated FL cottage offers the perfect blend of tranquility, charm, & modern comfort. Set on over an acre of land w/100+ ft of private waterfront, this 3-bedrm, 2-bath retreat features 1,768 sqft of single-level living w/an open, split floor plan, cathedral ceilings, abundant natural light, great closet storage, & updated roof '16, AC '18, & water heater '23. Inside you'll find fresh paint, updated finishes, & an entertainer's dream kitchen w/white cabinetry, granite countertops, stainless steel appliances including a gas range, elegant subway tile backsplash, gold accents, & plenty of storage space. The expansive master suite is a true retreat, complete w/a custom walk-in closet, private bath, & a bonus space ideal for a dressing area, reading nook, or home office. The additional bedrooms are spacious & private, perfect for guests or a growing family.

Enjoy your morning coffee or evening cocktail in the screened-in Florida room, surrounded by the sights & sounds of nature. From the front & back porches, you'll love the peaceful wooded views & frequent visits from local wildlife, a true bird-watcher's paradise.

Love the water? Launch your kayak or take out your boat from your private dock & explore the scenic river channel w/direct access to the bay. There's also a large, detached workshop for hobbies, extra storage, or potential guest accommodations already set up with electricity. Located on a quiet dead-end street w/ample parking, this home is perfect as a full-time residence, weekend escape, or vacation rental. Move-in ready & priced under $500K, this is your rare chance to enjoy Florida waterfront living without compromise.

Schedule your private tour today, this one won't last!
Unit Size
-
Days on Market
219 days
Land Size
1.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$66
HOA Dues
-
Year Built
1995

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Cap Rate Calculator

Last updated: 8 months ago (ECAR #981043)

Price History

Date / Event Date Event Price
Feb 20, 2026 Sold
Sold
Jan 23, 2026 In contract -
In contract
Dec 12, 2025 Price Decreased $460,000
↓ $10K (2.1%)
Price Decreased
Oct 11, 2025 Price Decreased $470,000
↓ $5K (1.1%)
Price Decreased
Jul 16, 2025 Listed by Dream Team Realty of NW Florida LLC $475,000
Listed by Dream Team Realty of NW Florida LLC
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,742
  • Lot Size Depth Feet: 2,930
  • Lot Size Frontage Feet: 1,630
  • Total Building Area: 1,768
  • Gross Building Area: 1,768
  • Building Area: 1,768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MHWL OF CREEK
  • Land Acres: 0000001096
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 15 BLK A THE LANDING UNREC S/D AS: COM AT NE/C OF NE1/4 OF SW1/4, S 01 DEG 1529W 373 FT MOL TO MHWL OF CREEK & POB, S 01 DEG 1529W 246FT, N 89 DEG 2015W 344.38FT TO CURVE, N 00 DEG 1237E CHORD DIST OF 81.47FT ALG CURVE WITH RADIUS 208.93FT

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950501

Geography

  • Assessors Map Reference: S1-29-18
  • Parcel: 29-1S-18-14010-00A-0150
  • Block: A
  • Lot: 15
  • Meridian: SEC 29 TWN 01S RNG 018
  • Municipality: COUNTY
  • Latitude: 30.463
  • Longitude: -86.0666

    Address

  • Full Address: 696 Phillips Dr
  • Address - House Number: 696
  • Address - Street Name: Phillips
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Freeport
  • Carrier Code: R004
  • 4-Digit Zip Code: 6155
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 2,001
  • Tax Year: 2022
  • Tax Amount: $193,744
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.2313
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 403,413
  • High Value: 496,745
  • Low Value: 310,081

    Market Valuation

  • Market Total Value: $218,121
  • Market Land Value: $48,429
  • Market Improvement Value: $169,692

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $218,121
  • Assessed Land Value: $48,429
  • Assessed Improvements Value: $169,692

    Sales

  • Current Sale Contract Date: Feb 27, 2023
  • Current Sale Recording Date: Mar 01, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6989
  • Previous Sale Recording Date: Jun 11, 2021
  • Previous Sale Contract Date: Jun 03, 2021
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton


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Nearby Rentals

Currently no nearby rentals


Frequently Asked Questions

When was property at 696 Phillips Drive built and last sold?
The property at 696 Phillips Drive was built in 1995 and last sold on Feb 27, 2023 for $435,000.
How much is this home worth?
The estimated value of the home located at 696 Phillips Drive is $464,600.
What are some comparable homes to 696 Phillips Drive?
There are currently no comparable homes to 696 Phillips Drive.