Paired Patio Villa with Covered
515-A Suwannee Drive Watersound, FL 32461
For Sale
$548,951
Pending
MULTI_FAMILY - Other - Watersound, FL
Property Size1,442 SF
Days on Market89
Property Features for 515-A Suwannee Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Resid Single Family
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Family Room, Bedroom 2, Bedroom 1, Bathroom 2
Window features
Storm Window(s)
Interior features
Kitchen Island, Pantry, Woodwork Painted
Appliances
Auto Garage Door Opn, Dishwasher, Microwave, Refrigerator, Security System, Stove/Oven Gas, Warranty Provided, Water Heater - Tnkls
Standard status
Pending
APN
23-3S-18-16160-000-0420
Size
1,442 SF
Taxes and HOA fees
Tax Description
LOT 42 THE VILLAS AT LONGLEAF PARK PB 26-93
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
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 30
Changed: Jul 24
Last Checked: Jul 27 at 11:06AM
MLS# 1002403
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 Fischer Homes Anfield paired patio villa is a single-level home designed for comfortable, open living. It features 3 bedrooms and 2 full baths, 10-foot ceilings, and luxury vinyl flooring throughout. The kitchen and family room connect seamlessly to a covered rear patio, creating a natural extension of the living space. The upgraded kitchen includes quartz countertops, a farmhouse sink, enhanced cabinetry, a stainless canopy range hood, and a spacious walk-in pantry. Both full baths have tile extended to the ceiling, and the Owner’s Suite includes a luxury bath suite and a generous walk-in closet. A smart home security package with remote access capabilities is installed.
The home is set within Long Leaf Park Villas at Watersound Origins, with serene water views and tall pine tree surroundings. HOA-covered lawn care and exterior upkeep support low-maintenance living.
Residents can access community amenities including the Origins Golf Course, a resort-style pool at Village Commons, sports courts, and miles of trails within the Watersound Origins community.
The home is set within Long Leaf Park Villas at Watersound Origins, with serene water views and tall pine tree surroundings. HOA-covered lawn care and exterior upkeep support low-maintenance living.
Residents can access community amenities including the Origins Golf Course, a resort-style pool at Village Commons, sports courts, and miles of trails within the Watersound Origins community.
Key Highlights
- Under construction single‑level 3‑bedroom, 2‑full‑bath paired patio villa, Year built 2026
- Upgraded kitchen with quartz countertops, farmhouse sink, stainless canopy range hood, and spacious walk‑in pantry
- 10‑foot ceilings with open kitchen‑to‑family room layout that connects to a covered rear patio
Financial Insights For Apartment 5plus
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 | $34.6k | $24.00 |
| − Vacancy | −$5.6k | −$3.86 |
| EGI | $29.0k | $20.14 |
| − OpEx | −$13.1k | −$9.06 |
| NOI | $16.0k | $11.07 |
1,442 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$228.1K
$199.6K – $266.2K
NOI $15,970 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 4.62%
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?
Single family property - Single-level 3-bedroom, 2-bath villa with an open kitchen-to-family room layout and a covered rear patio.
Where is this single family property located?
The property is located at 515-A Suwannee Drive Watersound, FL.
What is the asking price?
The asking price for this property is $548,951.
What are key features of this property?
This property features: Under construction single‑level 3‑bedroom, 2‑full‑bath paired patio villa, Year built 2026; Upgraded kitchen with quartz countertops, farmhouse sink, stainless canopy range hood, and spacious walk‑in pantry; 10‑foot ceilings with open kitchen‑to‑family room layout that connects to a covered rear patio
