Paired Patio Villa
339-B Suwannee Drive Watersound, FL 32461
339-B Suwannee Drive, Watersound, FL, 32461
$534,995
For Sale
$534,995
MULTI_FAMILY - Other - Watersound, FL
Property Size1,410 SF
Price / SF$379.43
Days on Market119
Property Features for 339-B Suwannee Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Resid Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Family Room, Bathroom 1, Bedroom 1, Bathroom 2
- Parking
- 1
- Parking features
- Garage
- Patio and Porch features
- Patio
- Interior features
- Kitchen Island, Newly Painted, Pantry, Pull Down Stairs, Washer/Dryer Hookup, Woodwork Painted
- Exterior features
- Sprinkler System
- Appliances
- Auto Garage Door Opn, Dishwasher, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Stove/Oven Electric, Warranty Provided, Water Heater - Tnkls
- Standard status
- Active
- APN
- 23-3S-18-16160-000-0690
- Size
- 1,410 SF
Taxes and HOA fees
- Tax Description
- LOT 69 THE VILLAS AT LONGLEAF PARK PB 26-93 OR 3345-245
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Siding CmntFbrHrdBrd
- Architectural style
- Other
Listing agency
Watersound Real Estate
(850) 213-5170
Listed by
Builder Services
(850) 213-5170
Added: Mar 27 Updated: Jul 13 at 11:38AM Checked: Jul 23 at 2:06AM
MLS# 999139
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.
Located at 339-B Suwannee Drive in Watersound, this paired patio villa by Fischer Homes is planned for estimated completion in July/August 2026. The single-level layout includes 2 bedrooms and 2 baths, with the foyer opening into an arrangement of the kitchen, dining, and family room that extends to a covered rear patio. A walk-in closet and deluxe tiled shower with a built-in bench highlight the owner’s suite, while a secondary bedroom and full bath are positioned toward the front of the home.
The kitchen features an oversized island and upgraded Level 2 quartz countertops, along with full overlay painted cabinetry, pot and pan drawers, sliding trays, and a GE Profile built-in appliance package including a 5-burner gas cooktop, wall oven, microwave, canopy hood, and refrigerator. Interior finishes include upgraded Level 2 plank flooring, 10-foot ceilings, 8-foot interior doors, and craftsman-style trim with 5 3/4-inch baseboards.
The home also includes a tankless water heater and an oversized one-car garage with attic storage and pull-down stairs. The paired villas use a structurally independent design separated by a 2-hour fire-rated wall assembly for added privacy, and residents have access to Watersound Origins amenities such as the golf course, resort-style pool, and sports courts.
The kitchen features an oversized island and upgraded Level 2 quartz countertops, along with full overlay painted cabinetry, pot and pan drawers, sliding trays, and a GE Profile built-in appliance package including a 5-burner gas cooktop, wall oven, microwave, canopy hood, and refrigerator. Interior finishes include upgraded Level 2 plank flooring, 10-foot ceilings, 8-foot interior doors, and craftsman-style trim with 5 3/4-inch baseboards.
The home also includes a tankless water heater and an oversized one-car garage with attic storage and pull-down stairs. The paired villas use a structurally independent design separated by a 2-hour fire-rated wall assembly for added privacy, and residents have access to Watersound Origins amenities such as the golf course, resort-style pool, and sports courts.
Key Highlights
- Under construction 2‑bedroom, 2‑bath paired patio villa with 1,410 SF of single‑level living (Year built: 2026)
- Open kitchen, dining, and family room layout leading to a covered rear patio
- Oversized kitchen island with level 2 quartz countertops and a complete upgraded GE Profile appliance package
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 | $28.8k | $20.40 |
| − Vacancy | −$4.4k | −$3.12 |
| EGI | $24.4k | $17.28 |
| − OpEx | −$7.3k | −$5.18 |
| NOI | $17.1k | $12.10 |
1,410 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,056 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$223.1K
$195.2K – $260.3K
NOI $15,615 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$354.6K
$310.3K – $413.7K
NOI $24,822 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New paired patio villa with 2 bedrooms, 2 baths, an oversized one-car garage, and a covered rear patio.
Where is this duplex located?
The property is located at 339-B Suwannee Drive Watersound, FL.
What is the asking price?
The asking price for this property is $534,995.
What are key features of this property?
This property features: Under construction 2‑bedroom, 2‑bath paired patio villa with 1,410 SF of single‑level living (Year built: 2026); Open kitchen, dining, and family room layout leading to a covered rear patio; Oversized kitchen island with level 2 quartz countertops and a complete upgraded GE Profile appliance package
