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    Watersound, FL
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    Watersound, FL Multifamily Properties for Sale

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    Inlet Beach, FL Panama City Beach, FL Santa Rosa Beach, FL Vernon, FL Point Washington, FL Freeport, FL
    6 properties
    Upgraded Two-Bedroom Multifamily Property
    Updated: Aug 9
    Upgraded Two-Bedroom Multifamily Property

    515-B Suwannee Drive, Watersound, FL 32461

    $551,928
    1,418 sqft
    1,418‑square‑foot, single‑level multifamily residence with two bedrooms and two bathrooms
    Upgraded kitchen with quartz Calacatta counters, farmhouse sink, shaker cabinetry, and stainless steel appliances
    Covered rear patio overlooking a retention pond
    1.5‑car garage, impact‑rated windows, and tankless gas water heater
    Under construction with estimated completion in Nov/Dec 2026
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    This listing looks promising.

    Here's a quick look at some key insights for

    515-B Suwannee Drive, Watersound, FL 32461

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    • Est. Cap Rate

      2.9%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $224K
      Suggested
    View Property Analytics
    Duplex with Covered Rear Patio
    Updated: May 20
    Duplex with Covered Rear Patio

    359 A Suwannee Drive, Watersound, FL 32461

    $547,460
    1,442 sqft
    Under construction with estimated completion Oct/Nov 2026
    2 bedrooms and 2.5 bathrooms with an open kitchen and family room
    Covered rear patio accessed from the family room
    Structurally independent 2‑hour fire separation wall with insulated framing and layered gypsum board
    Kitchen with walk‑in pantry and GE appliance package including a 5‑burner gas cooktop
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    Anfield Paired Patio Home
    Anfield Paired Patio Home

    20 A Skimmer Cove Loop, Watersound, FL 32461

    $566,525
    1,442 sqft

    Under-construction Anfield paired patio home in Watersound Origins with covered porch and patio, impact-rated windows, and central HVAC.

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    Duplex Patio Villa with One-and-a-Half Car Garage
    Duplex Patio Villa with One-and-a-Half Car Garage

    425-B Suwannee Drive, Watersound, FL 32461

    $534,000
    1,418 sqft

    Under construction paired patio villa with two bedrooms, two baths, and a one-and-a-half-car garage.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Paired Patio Villa Duplex
    Paired Patio Villa Duplex

    415-B Suwannee Drive, Watersound, FL 32461

    $530,534
    1,418 sqft

    Under-construction paired patio villa with two bedrooms, two bathrooms, 1.5-car garage, and covered rear patio.

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    Paired Patio Villa
    Paired Patio Villa

    339-A Suwannee Drive, Watersound, FL 32461

    $558,995
    1,442 sqft

    Under-construction multifamily residence with single-level living, wooded outlook, covered patio, and attached garage.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Watersound, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Furnished Short-Term Rental Townhome
    Furnished Short-Term Rental Townhome

    53 E Pine Lands Loop, Inlet Beach, FL 32461

    $945,000
    1,747 sqft

    Fully furnished residence with an open-concept interior, private porch, and access to a community pool.

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    Luxury Beach House with Gulf Views
    Luxury Beach House with Gulf Views

    21814 Front Beach Road, Panama City Beach, FL 32413

    Contact for pricing
    3,302 sqft

    New, fully furnished 6-bedroom beach house ready for rental.

    View details
    Luxury Resort Residences Portfolio
    Luxury Resort Residences Portfolio

    10941 E County Hwy 30A #Multiple, Inlet Beach, FL 32461

    $25,500,000

    31 luxury resort condominiums on Florida's Emerald Coast.

    View details
    New Townhomes at Wild Heron
    New Townhomes at Wild Heron

    1503 Match Point Ln 502, Panama City Beach, FL 32413

    $699,000

    Upscale three-bedroom townhomes with luxurious finishes in a private community.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Bay View Land in Freeport
    Bay View Land in Freeport

    Pitts Bayshore Drive lot: 2 & 3, Freeport, FL 32439

    $239,900
    0.37 AC lot

    Cleared lot with bay views and community bay access.

    View details
    Residential Homesite in Magnolia Baye
    Residential Homesite in Magnolia Baye

    149 Palmetto Avenue, Freeport, FL 32439

    $99,900
    0.26 AC lot

    Residential land lot with 75' frontage and utilities available at the road; septic is required.

    View details
    Adjacent Wooded Residential Land Parcels
    Adjacent Wooded Residential Land Parcels

    117 Jolly Bay and 221 Johnson Road, Freeport, FL 32439

    $225,000
    0.73 AC lot

    Two adjacent wooded parcels offer City water availability and sewer at the road in a rural village zoning area.

    View details
    Freeport Land Near Waterfront Park
    Freeport Land Near Waterfront Park

    75 Hankins Road, Freeport, FL 32439

    $200,000
    0.83 AC lot

    Land for sale near Grady Brown Waterfront Park and Boat Launch.

    View details

    Watersound, FL Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Watersound, FL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 8,580 square feet of properties for sale, with an estimated market value of $3,289,442.

    Sale prices for multifamily properties in Watersound, FL start at $530,534, averaging $548,240, and reaching up to $566,525 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Short term rental properties 1

    Demographics Overview

    Population 19K
    Population Growth (5Y) +5,124.1%
    Median Household Income $89,225
    College Educated 61.4%

    High-Yield Neighborhoods for Investment

    Identify Watersound submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Rosemary Beach - 32461 $543.7K

    Listings Trend

    New vs delisted commercial listings in Walton County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Walton County

    Residential Income

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