Waterfront Townhome with River
16300 Perdido Key Dr 26 Perdido Key, FL 32507
16300 Perdido Key Dr 26, Perdido Key, FL, 32507
$359,900
For Sale
$359,900
Perdido Key townhome with boat access and stunning river views.
Property Size1,392 SF
Lot Size0.02 Acres
Price / SF$258.55
Days on Market529
Property Features for 16300 Perdido Key Dr 26
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing Agency
POINTE SOUTH
(850) 384-0051
Listed by
Stephanie Boll
(850) 384-0051
Source
Exitrealty
Added: Feb 3, 2025 Checked: Apr 5 at 9:39 pm
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 POINTE SOUTH
Investment Insights
Based on property information with market context.
This waterfront townhome offers views of Old River in Perdido Key, Florida. The 2-bedroom, 2.5-bath residence features an open-concept layout. The main living area includes a spacious kitchen that flows into the living and dining spaces. A large waterfront patio provides space for outdoor dining and views of the water. A second patio off the kitchen offers partial views of the Gulf. Upstairs, the primary suite includes a private balcony with water views. Both bedrooms are generously sized. The property includes a garage with storage space. Boating enthusiasts can utilize the first-come, first-served boat slips. The community has rental restrictions allowing rentals of six months or longer, making this townhome suitable for full-time residents or seasonal owners. A new roof was installed in 2019. A brand new HVAC system with a 10 year transferrable warranty has been installed. The property size is 1392 square feet.
Key Highlights
- Waterfront townhome with stunning Old River views and boat access
- Brand new HVAC system with a 10‑year transferrable warranty
- First‑come, first‑served boat slips
Local Financial Insights For Apartment 5plus
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 | $26.6k | $19.08 |
| − Vacancy | −$3.7k | −$2.65 |
| EGI | $22.9k | $16.43 |
| − OpEx | −$10.3k | −$7.39 |
| NOI | $12.6k | $9.04 |
1,392 SF · lease $19.08/SF/yr · vacancy 13.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$179.7K
$157.2K – $209.6K
NOI $12,577 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.5K
$357.5K – $476.6K
NOI $28,597 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dockside
Condominium Complex
FAQs
What type of property is this?
Residential income property - Perdido Key townhome with boat access and stunning river views.
Where is this residential income property located?
The property is located at 16300 Perdido Key Dr 26 Perdido Key, FL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Waterfront townhome with stunning Old River views and boat access; Brand new HVAC system with a 10‑year transferrable warranty; First‑come, first‑served boat slips
