Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    229 N Walton Lakeshore Drive Inlet Beach, FL 32461

    View on Map
    Claim this Listing
    Pending
    $625,000

    LAND - Inlet Beach, FL

    Lot size:
    0.28 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    76
    Last Refresh:
    May 5 at 10:06 am

    Property Features for 229 N Walton Lakeshore Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Resid Single Family
    Standard status
    Pending
    APN
    36-3S-18-16100-000-1021
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COM NE/C OF LOT 102 SEC 36-3S-18W, W 33FT FOR POB; W 120FT, S 100FT, E 120FT, N 100FT TO POB. OR 3328-4390
    Tax Annual Amount
    2643

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Jen M Hamor

    Listing agent Jen M Hamor License #3322945

    Listing office Rosemary Beach Realty LLC 78 C N Barrett Square P O Box 611070, Rosemary Beach, FL

    Listing date Feb 18, 2026

    MLS# 995620 Listing URL

    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.

    Overview

    Inlet Beach Homesite Opportunity

    This .28 acre homesite is located in Inlet Beach, minutes from Rosemary Beach and less than 1/2 mile from the Gulf. The property is fully prepped for building. A full set of plans for a 7-bedroom main home with 2 master suites, plus a 2-bedroom carriage house, is included, along with a comprehensive site plan that has preliminary approval from Walton County. The design features front and rear decks for outdoor living. The sale includes an updated survey, site plan and stormwater design, geotechnical work, and preliminary county approvals. Public utilities are available, and the property is located in Flood Zone X, so no flood insurance is required. There is no HOA and no rental restrictions. The homesite can accommodate a main residence, carriage house, and pool. It is located near 30Avenue dining and shopping, plus the new underpass for access to 30A. The existing modular home has no value and must be torn down. The sale is for land value and the development package only. It is zoned for single family residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inlet Beach
    County
    Walton
    State
    Florida
    Longitude
    -85.999999
    Latitude
    30.2775

    Nearby Similar for Sale

    • $584,000

      Inlet Beach Homesite Opportunity

      Premium 0.34-acre homesite near Camp Creek Lake.
      51 COVE CREEK LANE, INLET BEACH, FL 32413
      View Details
    • $584,000

      Inlet Beach Homesite Opportunity

      Premium homesite near Camp Creek Lake and 30A.
      51 COVE CREEK Lane, Inlet Beach, FL 32413
      View Details
    • $329,000

      Inlet Beach Homesite Opportunity

      Homesite in Grande Pointe near beach access and coastal amenities.
      W Grande Pointe lot: 68, Inlet Beach, FL 32461
      View Details
    • $3,900,000

      Inlet Beach Homesites Opportunity

      Three adjacent homesites near the Gulf in Inlet Beach, FL.
      Jan Lane lot: 1,2,3, Inlet Beach, FL 32461
      View Details
    • $695,000

      Cleared Lot Near Inlet Beach

      0.5-acre lot ready for development near the beach.
      41 Wildwood Trail, Inlet Beach, FL 32461
      View Details
    • $525,000

      Inlet Beach Residential Lot

      Large lot near beach access and 30A shops.
      326 Pinewood Lane, Inlet Beach, FL 32461
      View Details
    • $349,000

      Inlet Beach Premium Lot

      Premium lot near 30Avenue, Lake Powell, and Emerald Coast beaches.
      W Willow Mist Road lot: 42, Inlet Beach, FL 32461
      View Details
    • $349,000

      Inlet Beach Premium Lot

      Premium lot near 30Avenue, Lake Powell, and Emerald Coast beaches.
      W Willow Mist Road lot: 42, Inlet Beach, FL 32461
      View Details
    • $949,000
      1,747 SF

      Inlet Beach Townhome in Prominence

      Charming 3-bedroom townhome in Prominence community near Scenic 30A.
      25 E Pine Lands Loop, Inlet Beach, FL 32461
      View Details
    • $725,000
      1,293 SF

      Inlet Beach Townhome Investment Opportunity

      Two-bedroom townhome in Prominence on 30A, fully furnished.
      94 York Lane, Inlet Beach, FL 32461
      View Details
    • $925,000
      1,747 SF

      Inlet Beach Turnkey Rental Property

      Fully furnished 3-bedroom home with strong rental history near 30-A.
      23 E York Lane, Inlet Beach, FL 32461
      View Details
    • $595,000

      Inlet Beach Homesite Opportunity

      Homesite in the heart of Inlet Beach, Florida.
      291 E Pinewood Lane, Inlet Beach, FL 32461
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime homesite near Rosemary Beach, prepped for building.
    Where is this residential land & home lot located?
    The property is located at 229 N Walton Lakeshore Drive Inlet Beach, FL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Shovel‑ready .28 acre lot with preliminary county approval for a 7BR main home and 2BR carriage house.; Located in the heart of Inlet Beach, minutes from Rosemary Beach and less than 1/2 mile from the Gulf.; Includes full set of building plans, updated survey, site plan, stormwater design, and geotechnical work.
    (615) 403-2100
    We can help!
    Listing Contact
    Jen M Hamor
    Real Estate License ID: 3322945
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    229 N Walton Lakeshore Drive, Inlet Beach, FL 32461
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!