Description
Income-producing Freeport cottages on four oak-shaded lots, just 15 minutes from the Emerald Coast's white sandy beaches! Built to withstand 165 mph winds, these charming homes feature metal roofs, Hardie board siding, double-pane windows, and energy-efficient insulation for low bills. Relax on multiple decks or porches, cook in kitchens with granite countertops and crown molding, and enjoy tile or laminate floors throughout. All tap fees are paid, and the lots allow room for two more additional homes. With established rental income and a prime location between Destin, Panama City Beach, and Fort Walton Beach, this property combines durability, charm, and endless income potential—perfect for investors or those dreaming of a coastal getaway lifestyle! This listing consists of a single parcel with four lots and two homes, with the total room count reflecting both properties. The seller is willing to consider selling each home individually: 155 Caswell Branch Road is listed at $205,000, and 161 Caswell Branch Road is listed at $189,000 (MLS# 989889). Showings require a minimum of 24 hours' advanced notice due to tenant occupancy.
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3BEDS
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0.49ACRES
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2BATHS
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01/2 BATHS
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1,136SQFT
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$348$/SQFT
School Information
Description
Income-producing Freeport cottages on four oak-shaded lots, just 15 minutes from the Emerald Coast's white sandy beaches! Built to withstand 165 mph winds, these charming homes feature metal roofs, Hardie board siding, double-pane windows, and energy-efficient insulation for low bills. Relax on multiple decks or porches, cook in kitchens with granite countertops and crown molding, and enjoy tile or laminate floors throughout. All tap fees are paid, and the lots allow room for two more additional homes. With established rental income and a prime location between Destin, Panama City Beach, and Fort Walton Beach, this property combines durability, charm, and endless income potential—perfect for investors or those dreaming of a coastal getaway lifestyle! This listing consists of a single parcel with four lots and two homes, with the total room count reflecting both properties. The seller is willing to consider selling each home individually: 155 Caswell Branch Road is listed at $205,000, and 161 Caswell Branch Road is listed at $189,000 (MLS# 989889). Showings require a minimum of 24 hours' advanced notice due to tenant occupancy.
© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hammock Bay. Vendor Member number: 28178. Data last updated: 2026-01-13T11:00:35.527.
Vendor Member #28178.