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    Paired Patio Villa with Covered Porch Title is generated by Realmo AI

    339-B Suwannee Drive, Watersound, FL 32461

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    For Sale
    $545,995

    MULTI_FAMILY - Other - Watersound, FL

    Property size:
    1,410 SF
    Price / SF:
    $387/SF
    Added:
    Mar 27, 2026
    Days on Market:
    73
    Last Refresh:
    Jun 7 at 3:06 am

    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 1, Bathroom 1, Bathroom 2, Bedroom 2, Family Room
    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

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    Listing Contact
    Builder Services

    Listing agent Builder Services

    Listing office Watersound Real Estate 34 Origins Main St #101, SANTA ROSA BEACH, FL

    Listing date Mar 27, 2026

    MLS# 999139 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.

    HighLights

    • 1,410 SF paired patio villa with single‑level living plan featuring 2 bedrooms and 2 bathrooms
    • Estimated completion Jul/Aug 2026; property is under construction (Year Built 2026)
    • Open kitchen, dining, and family room layout with oversized kitchen island and level 2 quartz countertops
    • Upgraded GE Profile appliance package includes 5‑burner gas cooktop, wall oven, microwave, canopy hood, and refrigerator
    • Tankless water heater and heat pump (heating); vinyl flooring throughout and 10‑foot ceilings
    • Oversized one‑car garage with attic storage and pull‑down stairs, plus a covered rear patio with wooded views

    Overview

    Under construction, this paired patio villa by Fischer Homes offers single-level living with an open layout that runs from the foyer into the kitchen, dining, and family room. A covered rear patio extends the living space and overlooks a wooded view. The home includes two bedrooms and two full baths, with the owner’s suite positioned toward the rear for added privacy. The deluxe owner’s bath features a tiled shower with a built-in bench, and there is a walk-in closet. The secondary bedroom and full bath are located toward the front, supporting flexible use as a guest room or home office.

    The kitchen is anchored by an oversized island and features level 2 quartz countertops, full overlay painted cabinetry with a contrasting island, and storage options including pot and pan drawers and sliding trays. An upgraded GE Profile appliance package is included, with built-in appliances such as a 5-burner gas cooktop, wall oven, microwave, canopy hood, and refrigerator. Interior upgrades include level 2 plank flooring throughout, 10-foot ceilings, and 8-foot interior doors with craftsman-style trim.

    The plan also includes a tankless water heater and an oversized one-car garage with attic storage and pull-down stairs. Constructed with a structurally independent design and separated by a 2-hour fire-rated wall assembly, each villa is designed to support privacy. Estimated completion is July/August 2026, with access to Watersound Origins amenities including the Origins Golf Course, resort-style pool, and sports courts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Watersound
    County
    Walton
    State
    Florida
    Longitude
    -86.025137
    Latitude
    30.304244

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    FAQs

    What type of property is this?
    Single family property - New paired villa with 2 bedrooms, 2 baths, 10-foot ceilings, and a covered rear patio with wooded views.
    Where is this single family property located?
    The property is located at 339-B Suwannee Drive Watersound, FL.
    What is the asking price?
    The asking price for this property is $545,995.
    What are key features of this property?
    This property features: 1,410 SF paired patio villa with single‑level living plan featuring 2 bedrooms and 2 bathrooms; Estimated completion Jul/Aug 2026; property is under construction (Year Built 2026); Open kitchen, dining, and family room layout with oversized kitchen island and level 2 quartz countertops
    (850) 213-5170
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    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.

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    339-B Suwannee Drive, Watersound, FL 32461
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