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    Waterfront Lot with Bay Views Title is generated by Realmo AI

    554 Beatrice Point Road, Freeport, FL 32439

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    Claim this Listing
    For Sale
    $438,000

    LAND - Freeport, FL

    Lot size:
    0.29 Acres
    Added:
    Mar 16, 2025
    Days on Market:
    446
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 554 Beatrice Point Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    County, Resid Single Fami
    Standard status
    Active
    APN
    32-1S-19-23000-001-0120
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    (PRCL M): DESC AS: COM NW/C OF NE4 OF NE4 SEC 32-1S-19W, W 57.33FT, S 400.05FT TO S ROW BEATRICE POINT RD,CONT ALG S ROW, N 70 DEG 19'00''E 64.77FT, N 77 DEG 58'00''E 61.97FT, N 83 DEG 10'00''E 60.97FT, N 87 DEG 24'00''E 60.23FT, S 87 DEG 50' 11''E 120FT, S 68 DEG 18'09''E 127.10FT, S 70 DEG 56'18''E 62.61FT, S 73 DEG 30'50''E 61.85 FT, S 75 DEG 36'27''E 61.35FT, S 74 DEG 48'28''E 61.48FT FOR POB;
    Tax Annual Amount
    2205

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    We can help!

    Listing Contact
    Mark A DeSalvo

    Listing agent Mark A DeSalvo License #3019075

    Listing office Newman Dailey Resort Properties P O Box 1779, Miramar Beach, FL

    Listing date Mar 16, 2025

    MLS# 971323 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

    • Unobstructed bay front lot with beautiful water views.
    • Enjoy 60 ft of waterfront property.
    • No HOA restrictions.
    • Proximity to Publix and new businesses in Freeport.
    • Close to South Walton beaches (18+ miles).
    • Convenient access to VPS and ECP airports.

    Overview

    This waterfront lot in Freeport, Florida, offers unobstructed water views. The level lot appears raised and ready for construction of a new home. The property features 60 feet of waterfrontage and is approximately 200 feet deep from the road to the water. There are no HOA restrictions. Freeport is experiencing growth with the addition of a Publix grocery store and new businesses. The beaches of South Walton are located approximately 18 miles away. By boat, one can access The Bay Restaurant or the North Bay Social Club. The property is zoned County, Resid Single Fami. The lot size is 0.29 acres. The VPS Airport is located to the west, and the ECP Airport is to the east. Interstate 10 is 19 miles north.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Gym & Fitness Center HVAC Service Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.160346
    Latitude
    30.456501

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    FAQs

    What type of property is this?
    Waterfront Land - Bay front lot with unobstructed water views in Freeport, FL.
    Where is this waterfront land located?
    The property is located at 554 Beatrice Point Road Freeport, FL.
    What is the asking price?
    The asking price for this property is $438,000.
    What are key features of this property?
    This property features: Unobstructed bay front lot with beautiful water views.; Enjoy **60 ft of waterfront property.**; No HOA restrictions.
    (850) 830-6615
    We can help!
    Listing Contact
    Mark A DeSalvo
    Real Estate License ID: 3019075
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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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    554 Beatrice Point Road, Freeport, FL 32439
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