Lot 8 Cross Creek Circle
About This Property
Freeport has experienced significant growth due to proximity to the beaches of South Walton and Highway 331 access. Close access to Freeport boat launches, marinas, fishing, and outdoor recreation.
Convenient to Windswept Dunes golf course and the beaches of Santa Rosa Beach.
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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 |
|---|---|---|---|
| May 31, 2026 | Listed by Beach Road Realty | $85,000 | |
| Listed by Beach Road Realty | |||
| Apr 4, 2023 | Sold | ||
| Sold | |||
| Feb 15, 2023 | No longer available | - | |
| No longer available | |||
| Feb 14, 2023 | Listed by Merrifield & Pilcher Realty | $69,900 | |
| Listed by Merrifield & Pilcher Realty | |||
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Looking for a great lot in the Freeport area with no HOA fees look no more - this is your lot at 0.57 of an acre, this is a larger lot with amazing views of the bay! The lot is wooded and centrally located right off of East Bay Loop. Lot provides amazing views and is great to build your dream home! Easy access to Blue Water Bay and Destin!
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| Jan 4, 2023 | Relisted | $79,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017