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Freeport 32439
87 Pecan Drive
$225,000
● Land - Off Market

87 Pecan Drive

Freeport, FL 32439
bedrooms
Studio
bathrooms
0 Bath
$1,240
Est. Monthly

About This Property

2.5 commercial acres in the City Limits of Freeport. Business or residential or mixed, you decide. Flood Zone X. Easement gives access from N. Jackson St. via Pecan Dr.
Unit Size
-
Days on Market
268 days
Land Size
2.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$12
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 7 months ago (ECAR #979033)

Price History

Date / Event Date Event Price
Mar 12, 2026 Sold
Premium
Sold
Jan 15, 2026 In contract -
In contract
Jun 17, 2025 Listed by Harrison Lilly Emerald Coast $250,000
Listed by Harrison Lilly Emerald Coast
Apr 10, 2023 Sold
Premium
Sold
Mar 16, 2023 Listed by Harrison Lilly Emerald Coast $150,000
Listed by Harrison Lilly Emerald Coast

Property Highlights

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 225,292
  • Total Building Area: 1,010
  • Gross Building Area: 1,010
  • Building Area: 1,010
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 19
  • Heated Square Feet: 1,010
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005172
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: SW1/4 OF SE1/4 OF NE1/4 OF OF NE4; SE1/4 OF SW1/4 OF NE1/4 OF NE1/4 OR 1205-153 *ALSO* COM AT THE SW/C OF THE NE1/4 OF THE NE1/4 OF SEC 15-1S-19W THENCE N 90 DEG 0000E(REFERENCE BEARING) A DISTANCE OF 30FT TO THE POB THENCE CONT N 90 DEG 0000E A DIST

Neighborhood

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

Geography

  • Assessors Map Reference: S1-15-19
  • Section: 15
  • Parcel: 15-1S-19-23000-005-0000
  • Block: 500
  • Meridian: SEC 15 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.4988
  • Longitude: -86.1272

    Address

  • Full Address: 87 Pecan Dr
  • Address - House Number: 87
  • Address - Street Name: Pecan
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Freeport
  • Carrier Code: R008
  • 4-Digit Zip Code: 4079
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 1,049
  • Tax Year: 2022
  • Tax Amount: $24,708
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.2593
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 144,405
  • High Value: 181,853
  • Low Value: 106,958

    Market Valuation

  • Market Total Value: $76,000
  • Market Land Value: $32,782
  • Market Improvement Value: $43,218

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,467

    Sales

  • Current Sale Contract Date: Apr 07, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12200
  • Previous Sale Recording Date: Jun 30, 2005
  • Previous Sale Contract Date: Jun 30, 2005
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Freeport

Stats & Trends

Median Asking:

$393,504

Sale Price/ft²

$199

Below Asking

0.03%

Average Days on Market

94

Average Home Size

2167 ft²

Average Home Age

5.5 years

Currently For Sale

292 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Mark A Simpson, Harrison Lilly Emerald Coast
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 979033
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 87 Pecan Drive built and last sold?
The property at 87 Pecan Drive was built in 1968 and last sold on Apr 7, 2023 for $165,000.
How much is this home worth?
The estimated value of the home located at 87 Pecan Drive is $252,500.
What are some comparable homes to 87 Pecan Drive?
There are currently no comparable homes to 87 Pecan Drive.
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