108 Don Bishop Road, Santa Rosa Beach, FL 32459
- Added:
- Oct 22, 2025
- Days on Market:
- 234
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 108 Don Bishop Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Resid Multi-Family
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 5, Bedroom 4, Dining Room, Bedroom 8, Bathroom 3, Bedroom 10, Bedroom 3, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 9, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 8, Bathroom 1, Bedroom 6, Bathroom 7
- Interior features
- Breakfast Bar, Washer/Dryer Hookup
- Exterior features
- Balcony
- Appliances
- Dishwasher, Disposal, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
- Standard status
- Active
- APN
- 28-2S-20-33500-000-0160
- Size
- 4,600 SF
Taxes and HOA fees
- Tax Description
- LOT 16 SANTA ROSA PLACE APARTMENTS PB 15-36 OR 2607- 3308 OR 2685-1688 OR 2828-2056 OR 2830-4707 OR 2841-3761 OR 3083-976
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Siding Wood
- Architectural style
- Other
Listing agent Steve Koleno License #BK3469487 (804) 656-5007
Listing office Beycome of Florida LLC 400 NW 26th St, Miami, FL (804) 656-5007
Listing date Oct 22, 2025
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Great rental income of $6,645.00 per month.
- Multi‑unit building featuring four individual units, including two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath layouts.
- Long‑term tenants provide a stable rental history, with residents of 5‑10 years.
- Potential for a 20% rent increase.
- Modern amenities include dishwasher, refrigerator, electric stove/oven, and washer/dryer hookups.
- Desirable location in a serene environment in Santa Rosa Beach.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.8k | $20.40 |
| − Vacancy | −$14.3k | −$3.12 |
| EGI | $79.5k | $17.28 |
| − OpEx | −$23.8k | −$5.18 |
| NOI | $55.6k | $12.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Santa Rosa Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.258664
- Latitude
- 30.375912
