Two-Bedroom Paired Patio
20-B Skimmer Cove Loop Watersound, FL 32461
For Sale
$552,590
Pending
MULTI_FAMILY - Other - Watersound, FL
Property Size1,418 SF
Days on Market126
Property Features for 20-B Skimmer Cove Loop
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Resid Single Family
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Family Room
Parking
2
Window features
Storm Window(s)
Interior features
Kitchen Island, Pantry
Appliances
Auto Garage Door Opn, Dishwasher, Microwave, Refrigerator, Stove/Oven Gas, Warranty Provided, Water Heater - Tnkls
Standard status
Pending
APN
223-3S-18-16160-000-0240
Size
1,418 SF
Taxes and HOA fees
Tax Description
LOT 53 THE VILLAS AT LONGLEAF PARK PB 26-93 OR 3362-2141
Utilities
Sewer type
Public Sewer
Building Details
Year built
2026
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Frame, Siding CmntFbrHrdBrd
Architectural style
Other
Listing Agency:
Watersound Real Estate
(850) 213-5170
Listed By:
Builder Services
(850) 213-5170
Added: Mar 24
Changed: Jul 24
Last Checked: Jul 27 at 11:06AM
MLS# 999927
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.
Investment Insights
Based on property information with market context.
This beautifully designed 2-bedroom, 2-bath paired patio villa offers low-maintenance, single-level living with an open layout. The Lucas floor plan flows from the foyer into the kitchen, dining, and family room, then extends to the covered rear patio. A conveniently located pantry supports everyday use, and the home includes a family foyer/drop zone plus a welcoming front porch. Interior features include 10' ceilings, 8' doors, luxury vinyl plank flooring, and a SmartCode touchscreen entry.
Situated at 20-B Skimmer Cove Loop in Watersound, Florida (Walton County), the property is zoned for residential single-family use. Additional energy-efficient features include impact-rated windows, LED lighting, and a tankless gas water heater. A wooded view is noted from the covered rear patio.
Situated at 20-B Skimmer Cove Loop in Watersound, Florida (Walton County), the property is zoned for residential single-family use. Additional energy-efficient features include impact-rated windows, LED lighting, and a tankless gas water heater. A wooded view is noted from the covered rear patio.
Key Highlights
- 2‑bedroom, 2‑bath paired patio villa with a 1.5‑car garage and single‑level layout
- Under construction, year built 2026
- Upgraded kitchen with kitchen island and pantry
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 | $34.0k | $24.00 |
| − Vacancy | −$5.5k | −$3.86 |
| EGI | $28.6k | $20.14 |
| − OpEx | −$12.8k | −$9.06 |
| NOI | $15.7k | $11.07 |
1,418 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,704 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Single-level 2-bath paired patio villa with a 1.5-car garage, covered rear patio, and modern finishes.
Where is this single family property located?
The property is located at 20-B Skimmer Cove Loop Watersound, FL.
What is the asking price?
The asking price for this property is $552,590.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath paired patio villa with a 1.5‑car garage and single‑level layout; Under construction, year built 2026; Upgraded kitchen with kitchen island and pantry
