7765 S US Highway 331
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 14, 2026 | Listed by Keller Williams Realty SRB | $639,000 | |
| Listed by Keller Williams Realty SRB | |||
| Aug 30, 2026 | Relisted | $675,000 | |
| Relisted | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Apr 13, 2026 | Listed by Keller Williams Realty SRB | $675,000 | |
| Listed by Keller Williams Realty SRB | |||
| |||
|
***A savy investor may potentially re-zone to Light Industrial, already done just three parcels north of the site*** Homes are each on septic and well; City Water & gas are AVAILABLE; tap fees due. High and Dry with 576 feet fronting the popular commercial corridor of S. Hwy 331, a major artery feeding South Walton, Santa Rosa Beach, and the beaches of Hwy 30A. Totaling 9.4 acres of opportunity with Estate Residential zoning, allowing for Residential or Commercial uses to include short term vacation rentals, agriculture related, veterinary, rural grocery or general store, feed sales, bait and tackle, hunting camp, recreational vehicle parks or campgrounds and more. Less than 30 minutes from Grayton Beach or 10 minutes from Interstate 10, with close access to major retail sites in Freeport and Defuniak Springs. 1996 mobile home is included. 2017 mobile is NOT included. Seller would like to leaseback a 1/2 site with the 2017 mobile home paying Lot Rent at $500 per month for (1) year, paid in full at closing.
| |||
| Mar 5, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017