Paired Patio Villa
425-B Suwannee Drive Watersound, FL 32461
For Sale
$534,000
Pending
MULTI_FAMILY - Other - Watersound, FL
Property Size1,418 SF
Days on Market120
Property Features for 425-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
Family Room, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
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-18-16160-000-0530
Size
1,418 SF
Taxes and HOA fees
Tax Description
LOT 53 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
Tile, Vinyl
Building materials
Frame, Siding CmntFbrHrdBrd
Architectural style
Other
Listing Agency:
Watersound Real Estate
(850) 213-5170
Listed By:
Builder Services
(850) 213-5170
Added: Mar 30
Changed: Jul 24
Last Checked: Jul 27 at 9:06AM
MLS# 999919
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 paired patio villa duplex offers single-level living with an open layout flowing from the foyer through the kitchen, dining, and family room. The residence includes 2 bedrooms and 2 bathrooms, along with a 1.5-car garage. A covered rear patio provides an outdoor extension, and the home also features upgraded kitchen finishes with a conveniently located pantry.
Additional interior details include 10' ceilings, 8' doors, luxury vinyl plank flooring, and a SmartCode touchscreen entry. For everyday convenience, there is a family foyer/drop zone and a welcoming front porch. Energy-efficient features noted include impact-rated windows, LED lighting, and a tankless gas water heater.
The property is listed for sale at 425-B Suwannee Drive in Watersound, FL, within residential single-family zoning (Resid Single Family).
Additional interior details include 10' ceilings, 8' doors, luxury vinyl plank flooring, and a SmartCode touchscreen entry. For everyday convenience, there is a family foyer/drop zone and a welcoming front porch. Energy-efficient features noted include impact-rated windows, LED lighting, and a tankless gas water heater.
The property is listed for sale at 425-B Suwannee Drive in Watersound, FL, within residential single-family zoning (Resid Single Family).
Key Highlights
- Under construction 2‑bedroom, 2‑bath paired patio villa with 1.5‑car garage, single‑level layout
- Lucas floor plan with open living area flowing from foyer to kitchen, dining, and family room
- Kitchen features kitchen island and pantry; includes gas stove/oven, 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 3.21%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,704 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 4.67%
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 paired patio villa with 2 bedrooms, 2 bathrooms, a 1.5-car garage, and a covered rear patio.
Where is this duplex located?
The property is located at 425-B Suwannee Drive Watersound, FL.
What is the asking price?
The asking price for this property is $534,000.
What are key features of this property?
This property features: Under construction 2‑bedroom, 2‑bath paired patio villa with 1.5‑car garage, single‑level layout; Lucas floor plan with open living area flowing from foyer to kitchen, dining, and family room; Kitchen features kitchen island and pantry; includes gas stove/oven, dishwasher, microwave, and refrigerator
