7
Map
981 W Bayshore Drive
About This Property
Imagine waking up to Gulf breezes and building your custom elevated residence with breathtaking beach access nearby. Enjoy endless days of swimming, shelling, fishing, kayaking, and spectacular sunsets right outside your door. This established neighborhood provides a peaceful island lifestyle on Florida's prized Forgotten Coast, with convenient proximity to state parks, marinas, fresh seafood dining, and all the relaxed charm the area is known for.
An outstanding opportunity for a primary residence, vacation getaway, or savvy investment. Bring your plans and create lasting memories in paradise. All building details, setbacks, and requirements to be verified with Franklin County Planning & Zoning.
Schedule your site visit today--this rare Gulf-side lot won't last long! Listed in Emerald Coast Association of Realtors MLS.
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 |
|---|---|---|---|
| Jun 30, 2026 | Listed by HomeBiz Properties | $147,000 | |
| Listed by HomeBiz Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017