Duplex Under
For Sale
$400,000
7251 & 7253 Bogey Ln, Milton, FL 32570
Residential Income, Milton, FL
Property Size1,970 SF
Price / SF$203.05
Days on Market49
Property Features for 7251 & 7253 Bogey Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Patio and Porch features
Porch
Appliances
Dishwasher, Microwave
Subdivision
Country Club Estates
Lot features
Central Access
Elementary school
Berryhill
Middle school
KING
High school
Milton
Directions
Pine Blossom Road to Fairway Drive. Take Fairway Drive to Bogey Lane. Take Bogey lane to the unit on the right.
Standard status
Active
APN
072N28075500B000040
Size
1,970 SF
Taxes and HOA fees
Tax Description
COUNTRY CLUB ESTATES PARCEL 1: N 80 FT OF LOT 4 BLK B AS DES IN OR 4753 PG 1700 LESS ALL MINERAL RIGHTS
Legal Description
COUNTRY CLUB ESTATES PARCEL 1: N 80 FT OF LOT 4 BLK B AS DES IN OR 4753 PG 1700 LESS ALL MINERAL RIGHTS
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Tile
Roof type
Composition
Listing Agency:
Ross And Co.
(850) 807-4060
Listed By:
Lawrence Bonck
(850) 499-1103
Added: Sep 3
Changed: Oct 20
Last Checked: Oct 21 at 1:06PM
MLS# 688485
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.
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Investment Insights
Based on property information with market context.
This 1,970-square-foot duplex is under construction at 7251 & 7253 Bogey Ln in Milton. Planned interior features include granite countertops in the kitchens and bathrooms, hard-surface flooring throughout the units, and a porch. The property is listed with a 10-year structural builder’s warranty.
Central heating and air conditioning, a dishwasher, a microwave, a composition roof, and septic service are specified for the property. The stated year built is 2026.
Central heating and air conditioning, a dishwasher, a microwave, a composition roof, and septic service are specified for the property. The stated year built is 2026.
Key Highlights
- 1,970 square feet
- Two‑unit duplex under construction
- 10‑year structural builder’s warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,041
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,820
$360.8K
Cap Rate 7%
$257,729
$257.7K
Cap Rate 9%
$200,456
$200.5K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$27.2K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$25.8K $13.08/SF
− OpEx
−$7.7K −$3.92/SF
NOI
$18.0K $9.16/SF
Area
Santa Rosa County, FL
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,820
Cap Rate 7%
$257,729
Cap Rate 9%
$200,456
Alternative Uses
Best Use
Multifamily LT 5
$257.7K
$225.5K – $300.7K
NOI $18,041 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$227.0K
$198.6K – $264.8K
NOI $15,888 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$485.1K
$424.5K – $565.9K
NOI $33,956 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 32570, FL
33,144
Population
15,387
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
301.1 sq mi
ZIP Area
110
Density / Sq Mi
$73,615
Median Household Income
$38,394
Median Earnings
$1,233
Median Rent
$240,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Kitchen and bathroom finishes include granite countertops, with hard-surface flooring throughout both units.
Where is this duplex located?
The property is located at 7251 & 7253 Bogey Ln Milton, 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: 1,970 square feet; Two‑unit duplex under construction; 10‑year structural builder’s warranty
