70 Trae Lane
About This Property
The main home offers four bedrooms totalthree upstairs including a stunning primary suite with a king bed, and one ensuite guest room conveniently located on the first floor, also with a king bed. The upstairs includes a bunk room with a twin-over-full bunk setup, and a fourth bedroom with a queen Murphy bed. The detached carriage house adds a fifth bedroom in a separate 400 square foot living space with its own kitchen, bathroom, laundry, and entrance, furnished with a second queen Murphy bedideal for rental income, visiting guests, or extended family.
Located in the heart of Seagrove Beach, this home offers walkable access to both Walton Dunes and Sugar Dunes public beach access points. From there, you can walk down the shoreline to not one but two rare coastal dune lakesEastern Lake to the west and Deer Lake to the east. Public access in this stretch of 30A is plentiful, including parking at Walton Dunes, making beach days easy whether you walk, ride, or drive. Once you own in Walton County, you can apply for a beach permit to bring your dogs on the beach during approved morning and evening hoursa daily ritual many locals enjoy. Load up the paddleboards, go for a sunset walk, or cast a line straight from the sand.
Local favorites like Old Florida Fish House, Buddy's Seafood Market, and Cafe Thirty-A are minutes away by bike or golf cart. For morning coffee or a post-beach lunch, Greenway Station is five minutes away and offers Turbo Coffee, Local Cantina, Wild Olives, Pecan Jack's ice cream, and morecasual, walkable, and thoughtfully designed.
You're also less than 10 minutes from the private WaterSound Beach Club, one of the most coveted coastal amenities on 30A. With Gulf-front pools, beachfront dining, cocktail service, and private boardwalk access to an uncrowded stretch of sand, membership offers a luxury resort lifestyle just a short drive or cart ride from home.
This home's location gives you the unique balance Seagrove is known forclose enough to Seaside and WaterColor for their energy and events, but just far enough removed to feel relaxed and residential. You'll hear the birds, not the crowds. Whether you're on foot, bike, or cart, getting around is easy, and the local walking paths and nature access are part of daily life.
The home is tucked into a quiet, neighborly enclave that feels residential and peaceful, yet remains highly rental-friendly. With five total bedrooms including a detached carriage house, this property offers projected gross rental income of approximately $120,000 per year when professionally managed and optimized.
Whether you're looking for a full-time retreat, a second home with income upside, or a turn-key investment in a high-demand coastal location, 70 Trae Lane stands aparton price, flexibility, lifestyle, and long-term value.
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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 |
|---|---|---|---|
| Jul 9, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Price Decreased |
$1,299,000
↓ $91K
(6.6%) | |
| Price Decreased | |||
| May 7, 2025 | Listed by Keller Williams Realty SRB | $1,390,000 | |
| Listed by Keller Williams Realty SRB | |||
| Apr 9, 2025 | Price Decreased |
$1,399,000
↓ $61K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017