Paired Patio Duplex with Covered
60-A Skimmer Cove Loop, Watersound, FL 32461
For Sale
$520,077
Pending
Residential, Watersound, FL
Property Size1,442 SF
Days on Market107
Property Features for 60-A Skimmer Cove Loop
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Window features
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
HOA Fee
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Architectural style
Listing Agency:
Watersound Real Estate
(850) 213-5170
Listed By:
Builder Services
(850) 428-3002
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 7 at 7:06PM
MLS# 1009035
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.
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Investment Insights
Based on property information with market context.
This under-construction paired patio duplex in the Villas at Longleaf Park features 1,442 square feet with two bedrooms and 2.5 bathrooms, plus a 1.5-car garage. The covered front porch opens into an open kitchen, dining, and family room plan with 10-foot ceilings and 8-foot interior doors. The family room extends to a covered rear patio for indoor-outdoor living.
The kitchen includes upgraded cabinetry, Level 2 quartz countertops, plank flooring throughout, a walk-in pantry, ceramic tile backsplash, and a GE appliance package with built-in appliances and a 5-burner gas cooktop. Additional features include impact-rated windows, a tankless water heater, and a gas grill rough-in, along with craftsman-style trim and 5 3/4' baseboards.
For added privacy, each residence is separated by a structurally independent 2-hour fire separation wall. The listing also notes lawn maintenance included, with public sewer service and central heating and central air.
The kitchen includes upgraded cabinetry, Level 2 quartz countertops, plank flooring throughout, a walk-in pantry, ceramic tile backsplash, and a GE appliance package with built-in appliances and a 5-burner gas cooktop. Additional features include impact-rated windows, a tankless water heater, and a gas grill rough-in, along with craftsman-style trim and 5 3/4' baseboards.
For added privacy, each residence is separated by a structurally independent 2-hour fire separation wall. The listing also notes lawn maintenance included, with public sewer service and central heating and central air.
Key Highlights
- 1,442 SF paired patio duplex under construction, built in 2027
- Two bedrooms with 2.5 bathrooms and a 1.5‑car garage
- Open kitchen, dining, and family room with 10‑foot ceilings and 8‑foot interior doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,970
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,400
$319.4K
Cap Rate 7%
$228,143
$228.1K
Cap Rate 9%
$177,444
$177.4K
Market Conditions
NOI Build-Up for 1,442 SF
Gross rent
$34.6K $24.00/SF
− Vacancy
−$5.6K −$3.86/SF
EGI
$29.0K $20.14/SF
− OpEx
−$13.1K −$9.06/SF
NOI
$16.0K $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%
$319,400
Cap Rate 7%
$228,143
Cap Rate 9%
$177,444
Alternative Uses
Best Use
Apartment 5plus
$228.1K
$199.6K – $266.2K
NOI $15,970 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
Explore this area
Business Placement
Demographics for 32461, FL
2,878
Population
5,860
Households
0.5
Avg Household Size
52
Median Age
59%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
193
Density / Sq Mi
$146,393
Median Household Income
$82,620
Median Earnings
$2,665
Median Rent
$947,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Under construction paired patio duplex with impact-rated windows, central HVAC, and covered front and rear outdoor space
Where is this single family property located?
The property is located at 60-A Skimmer Cove Loop Watersound, FL.
What is the asking price?
The asking price for this property is $520,077.
What are key features of this property?
This property features: 1,442 SF paired patio duplex under construction, built in 2027; Two bedrooms with 2.5 bathrooms and a 1.5‑car garage; Open kitchen, dining, and family room with 10‑foot ceilings and 8‑foot interior doors
