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    Waterfront Homesite with Santa Rosa Sound Title is generated by Realmo AI

    5971 Emerald Sound Dr, Gulf Breeze, FL 32563

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    For Sale
    $400,000

    LAND - Gulf Breeze, FL

    Lot size:
    0.46 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 5971 Emerald Sound Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    292S27333200H000120
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Description
    QUAYSIDE VILLAGE PHASE III LOT 12 BLK H AS DES IN OR 2177 PG 1940

    Utilities

    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Travis Talley
    Travis Talley

    Listing agent Travis Talley License #3292694

    Listing office KELLER WILLIAMS REALTY GULF COAST 913 Gulf Breeze Pkwy. Suite 44, Pensacola, FL

    Listing date Jun 3, 2026

    MLS# 683684 Listing URL

    Copyright © 2026 Pensacola 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

    • Approx. 150 ft of waterfront frontage on the Santa Rosa Sound (Waterfront).
    • Homesite offers water views and access to a private stretch of beach for activities like fishing and paddleboarding.
    • Water and sewer are available; Public water source.
    • Lot is located at the end of a quiet cul‑de‑sac.
    • Survey and a 2018 Wetlands Assessment Report are available for review.
    • No active HOA.

    Overview

    This for-sale waterfront homesite offers approximately 150 feet of frontage on the Santa Rosa Sound. The property is presented as a buildable lot sized at approximately 0.462 acres, providing room to plan a custom residence and outdoor space. Water and sewer are available, and supporting documentation is available for review, including a survey and a 2018 Wetlands Assessment Report.

    Located at the end of a quiet cul-de-sac at 5971 Emerald Sound Dr in Gulf Breeze, Florida, the setting is described as private, with water views. The seller also notes the neighborhood has no active HOA. The property’s waterfront setting is intended for a coastal lifestyle, including activities such as relaxing, fishing, paddleboarding, and taking in sunsets. The listing further states the Woodlawn Beach Boat Ramp is approximately 10 minutes away.

    For buyers seeking a custom build site with direct water frontage, this parcel’s combination of available utilities and provided survey and wetlands report can help streamline early planning. With a quiet cul-de-sac location and no active HOA mentioned in the remarks, it may appeal to those looking to design a personal waterfront retreat on Santa Rosa Sound.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.973868
    Latitude
    30.391063

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    FAQs

    What type of property is this?
    Waterfront Land - Build-ready waterfront lot with approximately 150 feet of Santa Rosa Sound frontage at the end of a cul-de-sac.
    Where is this waterfront land located?
    The property is located at 5971 Emerald Sound Dr Gulf Breeze, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Approx. 150 ft of waterfront frontage on the Santa Rosa Sound (Waterfront).; Homesite offers water views and access to a private stretch of beach for activities like fishing and paddleboarding.; Water and sewer are available; Public water source.
    (850) 471-5000
    We can help!
    Listing Contact
    Travis Talley
    Travis Talley
    Real Estate License ID: 3292694
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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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