Townhome with Screened
42 Via Largo # 7-B, Santa Rosa Beach, FL 32459
For Sale
$369,900
A flexible first-floor bedroom and full-bath access support guest stays or a home office.
Property Size1,156 SF
Price / SF$319.98
Days on Market8
Property Features for 42 Via Largo # 7-B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
community pool
nature trail
screened-in porch
fenced backyard
deck
whole-home air purification system
Building Details
Year Built
Listing Agency:
1 Percent Lists Florida Coast
Listed By:
Kelly A Shultz
(850) 376-3865
Source:
Emeraldcoasthomefinder
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 10 at 11:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1 Percent Lists Florida Coast
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Investment Insights
Based on property information with market context.
This 1,156-square-foot townhome, built in 1999, has an open living area with vaulted ceilings and large windows. The kitchen includes stainless steel appliances, a breakfast bar, and ample cabinetry. Tile covers the main living areas, while luxury vinyl plank flooring runs through the bedrooms, stairs, and upper level. A first-floor bedroom has two closets and access to a full bath; upstairs, the primary suite includes a walk-in closet and en suite bath. A whole-home Reme Halo air purification system is also installed.
Outdoor features include a screened porch, fenced backyard, and separate deck. The home is across from a lake, with access to a community pool. The neighborhood is south of Highway 98 and approximately 1.5 miles from the beaches of 30A. Butler Elementary, restaurants, shopping, and dining are reachable by neighborhood nature trail or nearby routes.
Outdoor features include a screened porch, fenced backyard, and separate deck. The home is across from a lake, with access to a community pool. The neighborhood is south of Highway 98 and approximately 1.5 miles from the beaches of 30A. Butler Elementary, restaurants, shopping, and dining are reachable by neighborhood nature trail or nearby routes.
Key Highlights
- 1,156‑square‑foot townhome built in 1999
- Screened porch, fenced backyard, and separate grilling deck
- Two bedrooms, including a first‑floor bedroom with two closets and full‑bath access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,802
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,040
$256.0K
Cap Rate 7%
$182,886
$182.9K
Cap Rate 9%
$142,244
$142.2K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$27.7K $24.00/SF
− Vacancy
−$4.5K −$3.86/SF
EGI
$23.3K $20.14/SF
− OpEx
−$10.5K −$9.06/SF
NOI
$12.8K $11.07/SF
Area
Walton County, FL
Vacancy
16.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,040
Cap Rate 7%
$182,886
Cap Rate 9%
$142,244
Alternative Uses
Best Use
Apartment 5plus
$182.9K
$160.0K – $213.4K
NOI $12,802 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.7K
$254.4K – $339.2K
NOI $20,350 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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Business Placement
Demographics for 32459, FL
20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value
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Market
Properties on Market for Residential income properties in Santa Rosa Beach
Frequently Asked Questions
What type of property is this?
Residential income property - A flexible first-floor bedroom and full-bath access support guest stays or a home office.
Where is this residential income property located?
The property is located at 42 Via Largo # 7-B Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,156‑square‑foot townhome built in 1999; Screened porch, fenced backyard, and separate grilling deck; Two bedrooms, including a first‑floor bedroom with two closets and full‑bath access
