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Furnished Gulf-View Quadplex
For Sale
$2,060,000

206-212 Watermark Way, Port St Joe, FL 32456

Residential, Port St. Joe, FL

Property Size4,096 SF
Lot Size0.35 Acres
Price / SF$502.93
Days on Market89

Property Features for 206-212 Watermark Way

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description County
Bedrooms 8
Bathrooms 6
Full bathrooms 4
Half bathrooms 4
Rooms Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 5, Bedroom 8, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 7, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking 8
Parking features Covered, Driveway
Patio and Porch features Porch
Interior features Breakfast Bar
Appliances Cooktop, Dishwasher, Dryer, Electric Oven, Microwave, Range Hood, Refrigerator, Washer
Subdivision St Joseph Shores
Lot features Level, Split Possible, Within 1/2 Mile of Water
View Water
Directions From Hwy 98 near Windmark, turn onto Discovery Lane, then left onto Watermark Way. Units on left, see sign.
Standard status Active
APN 04255031R
Size 4,096 SF
Lot size 0.35 Acres

Taxes and HOA fees

Tax Description ST JOSEPH SHORES SUBDIVISION UNIT 1 CASA DEL MAR & S 50 FT OF LOT 4 BLK 1 ORB 799/823 FR PRIDE MAP 32B
Legal Description ST JOSEPH SHORES SUBDIVISION UNIT 1 CASA DEL MAR & S 50 FT OF LOT 4 BLK 1 ORB 799/823 FR PRIDE MAP 32B

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Ceiling Fan(s), Electric, Central Air
Water source Public

Amenities

covered front porch
second story covered deck
spacious back patio
large back yard
side covered parking
gulf views
beach access

Building Details

Year built 1984
Floors in Building 2
Building materials Frame, Stucco
Roof type Metal
Listing Agency: Rish Real Estate Group
Listed By: William Rish, Jr · License #458_33
Added: Jul 11 Changed: Sep 30 Last Checked: Oct 7 at 9:06PM
MLS# 326288

Copyright © 2026 Forgotten Coast Realtor Association. 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.

Built in 1984, this four-unit residential income property contains 4,096 square feet on 0.35 acres. Each residence offers two bedrooms, one full bath, one half bath, an open floor plan, and Gulf views. The units are furnished and include breakfast bars, kitchen appliances, covered front porches, and access to a second-story covered deck from an upper bedroom.

Outdoor improvements include a partitioned back patio, a large rear yard, and covered side parking. A recorded pedestrian beach-access easement is located across the street. The property lies between Port St. Joe and Mexico Beach within a subdivision featuring its own ingress and egress road and no through traffic. Public water and public sewer serve the property, and no HOA applies. The units are identified as being in an X flood zone, while part of the covered parking is in an AE zone.

Key Highlights

  • Four‑unit property with 4,096 square feet on 0.35 acres
  • Each unit includes 2 bedrooms, 1 full bath, and 1 half bath
  • Furnished units with open floor plans and Gulf views

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Cafe & Coffee Shop Dental Office Pharmacy Skin Care Clinic Pet Store Pet Store & Service

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

Lease Details

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

Demographics for 32456, FL

7,439
Population
6,252
Households
1.2
Avg Household Size
55
Median Age
37%
College-Educated
96%
High-School Grad
106.2 sq mi
ZIP Area
70
Density / Sq Mi
$73,723
Median Household Income
$38,630
Median Earnings
$1,363
Median Rent
$338,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Four two-bedroom units include open layouts, furnishings, and covered outdoor spaces.
Where is this quadplex located?
The property is located at 206-212 Watermark Way Port St Joe, FL.
What is the asking price?
The asking price for this property is $2,060,000.
What are key features of this property?
This property features: Four‑unit property with 4,096 square feet on 0.35 acres; Each unit includes 2 bedrooms, 1 full bath, and 1 half bath; Furnished units with open floor plans and Gulf views
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