Paired Patio Villa
415-B Suwannee Drive Watersound, FL 32461
For Sale
$530,534
Pending
MULTI_FAMILY - Other - Watersound, FL
Property Size1,418 SF
Days on Market116
Property Features for 415-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
Bathroom 1, Family Room, Bedroom 2, Bedroom 1, Bathroom 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
23-3S-18-16160-000-0550
Size
1,418 SF
Taxes and HOA fees
Tax Description
LOT 55 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
Vinyl, Tile
Building materials
Frame, Siding CmntFbrHrdBrd
Architectural style
Other
Listing Agency:
Watersound Real Estate
(850) 213-5170
Listed By:
Builder Services
(850) 213-5170
Added: Apr 3
Changed: Jul 24
Last Checked: Jul 27 at 10:06AM
MLS# 1002412
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 for-sale paired patio villa offers single-level living with a thoughtfully laid-out interior and modern finishes. The home features 2 bedrooms and 2 baths, an open layout that connects the foyer to the kitchen, dining, and family room, and a covered rear patio. A 1.5-car garage supports day-to-day storage and parking needs. Interior details include 10' ceilings, 8' doors, luxury vinyl plank flooring, and a SmartCode touchscreen entry. Energy-efficient upgrades include impact-rated windows, LED lighting, and a tankless gas water heater, along with a kitchen pantry and a family foyer/drop zone.
Located at 415-B Suwannee Drive in Watersound, Florida, the property is identified under Residential Single Family zoning.
The configuration centers on an open common area with direct access to the covered rear patio, with additional everyday convenience provided by the front porch and the centrally located pantry in the kitchen.
Located at 415-B Suwannee Drive in Watersound, Florida, the property is identified under Residential Single Family zoning.
The configuration centers on an open common area with direct access to the covered rear patio, with additional everyday convenience provided by the front porch and the centrally located pantry in the kitchen.
Key Highlights
- 2‑bedroom, 2‑bath paired patio villa with single‑level layout under construction (Year built: 2026)
- 1.5‑car garage plus covered rear patio
- Kitchen with island and pantry, with gas stove/oven plus dishwasher, microwave, and refrigerator
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 | $28.9k | $20.40 |
| − Vacancy | −$4.4k | −$3.12 |
| EGI | $24.5k | $17.28 |
| − OpEx | −$7.4k | −$5.18 |
| NOI | $17.2k | $12.10 |
1,418 SF · lease $20.40/SF/yr · vacancy 15.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.0K
$214.4K – $285.9K
NOI $17,153 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,704 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 4.71%
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?
Duplex - Single-level 2-bedroom, 2-bath paired patio villa with a 1.5-car garage and covered rear patio.
Where is this duplex located?
The property is located at 415-B Suwannee Drive Watersound, FL.
What is the asking price?
The asking price for this property is $530,534.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath paired patio villa with single‑level layout under construction (Year built: 2026); 1.5‑car garage plus covered rear patio; Kitchen with island and pantry, with gas stove/oven plus dishwasher, microwave, and refrigerator
