Duplex Under
For Sale
$400,000
7251 Bogey Ln, Milton, FL 32570
Residential Income, Milton, FL
Property Size1,970 SF
Price / SF$203.05
Days on Market47
Property Features for 7251 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
Last Checked: Oct 19 at 6:06AM
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 duplex is under construction with 1,970 square feet planned for completion in 2026. Interior specifications include granite countertops in the kitchens and bathrooms, hard-surface flooring throughout the units, and central heating and air conditioning. A dishwasher and microwave are included, with tile flooring also identified among the property features.
The property will use a septic tank system and have a composition roof. Exterior features include a porch, while a 10-year structural builder’s warranty is included. Finish colors and selected options may vary during construction.
The property will use a septic tank system and have a composition roof. Exterior features include a porch, while a 10-year structural builder’s warranty is included. Finish colors and selected options may vary during construction.
Key Highlights
- 1,970‑square‑foot duplex under construction
- Scheduled 2026 construction year
- Granite countertops planned for kitchens and bathrooms
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.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with granite finishes, hard-surface flooring, and covered porch space.
Where is this duplex located?
The property is located at 7251 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‑foot duplex under construction; Scheduled 2026 construction year; Granite countertops planned for kitchens and bathrooms
