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Modern Fully Leased Santa Rosa Quadplex
For Sale
$1,100,000

108 Don Bishop Road #11, Santa Rosa Beach, FL 32459

Modern 4-unit apartment complex built in 2021, fully leased.

Property SizeContact for details
Days on Market420

Property Features for 108 Don Bishop Road #11

General Information

Standard status Active
Listing Agency: COMPASS
Listed By: KENDALL L HOOD · License #3291130
Source: Corcoran
Added: Jun 11, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS

Investment Insights

Based on property information with market context.

This modern 4-unit apartment complex, constructed in 2021, is located in Santa Rosa Place, just off Highway 98. The property is fully leased and offers steady, long-term rental income. Each unit features three bedrooms and two bathrooms, with approximately 1,548 sq. ft. of living space. The units include upscale finishes such as quartz countertops and luxury vinyl plank (LVP) flooring, complemented by 10-foot ceilings. Each unit also has a private balcony or patio. The property is intended as an investment property with a strong rental history and is primed for continued success due to high demand for rentals in the area.

Key Highlights

  • Fully leased 4‑unit apartment complex built in 2021, providing immediate rental income.
  • Each unit features 3 bedrooms and 2 bathrooms with approximately 1,548 sq. ft. of living space.
  • Enjoy upscale finishes including quartz countertops, LVP flooring, and 10‑foot ceilings.

Property Analytics

Current Use

30a VPS Taxi Courier Service 30a Slingshot Rental Boat Rental Service

Suggested Use

Top Pick Law Firm Spa & Massage Center (Bike/Boat/Book/etc) Store Locksmith HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

209
Businesses Nearby

Demographics for 32459, FL

20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Modern 4-unit apartment complex built in 2021, fully leased.
Where is this quadplex located?
The property is located at 108 Don Bishop Road #11 Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully leased 4‑unit apartment complex built in 2021, providing immediate rental income.; Each unit features **3 bedrooms and 2 bathrooms** with approximately 1,548 sq. ft. of living space.; Enjoy **upscale finishes** including quartz countertops, LVP flooring, and 10‑foot ceilings.
More about this property
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