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.
For sale
Price cut: $5K (10/7)
$395,000
155_161 Caswell Branch Rd, Freeport, FL 32439
3beds
1,136sqft
Est.:
Single Family Residence
Built in 2008
0.49 Acres Lot
$-- Zestimate®
$348/sqft
$-- HOA
What's special
Metal roofsMultiple decks or porchesDouble-pane windowsOak-shaded lotsKitchens with granite countertopsCrown moldingEnergy-efficient insulation
- 120 days |
- 107 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 11, 2025 at 05:17am
Listed by:
The Jennings Team 850-532-6403,
By the Water Realty,
Jessica Jennings 850-532-6403,
By the Water Realty
Source: ECAOR,MLS#: 984761
Originating MLS: Emerald Coast
Originating MLS: Emerald CoastTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Bedroom
- Level: First
Bathroom
- Level: First
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Microwave, Refrigerator, Electric Range, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bedroom, Dining Area, Full Bathroom, Master Bedroom
- Flooring: Laminate, Vinyl
- Windows: Double Pane Windows, Window Treatments
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,136
- Total interior livable area: 1,136 sqft
Property
Features
- Stories: 1
- Patio & porch: Deck Open, Porch
- Pool features: None
Lot
- Size: 0.49 Acres
- Dimensions: 98 x 201 x 103 x 227
Details
- Parcel number: 161S19230000080045
- Zoning description: Resid Multi-Family,Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida Cottage
- Property subtype: Single Family Residence
Materials
- Siding CmntFbrHrdBrd
- Foundation: Foundation On Piling
- Roof: Metal
Condition
- Construction Complete
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Metes & Bounds
Location
- Region: Freeport
Financial & listing details
- Price per square foot: $348/sqft
- Date on market: 9/5/2025
- Cumulative days on market: 169 days
- Listing terms: Conventional,FHA,VA Loan
- Lease term: 0 - 6 Months
- Total actual rent: 3175
- Electric utility on property: Yes
- Road surface type: Dirt/Clay Road
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Price change | $395,000-1.3%$348/sqft |
Source:  ECAOR #984761 Report a problem | ||
| 9/5/2025 | Listed for sale | $400,000-17.5%$352/sqft |
Source: ECAOR #984761 Report a problem | ||
| 6/1/2022 | Listing removed | -- |
Source: ECAOR #877640 Report a problem | ||
| 12/7/2021 | Price change | $485,000-4.9%$427/sqft |
Source: ECAOR #877640 Report a problem | ||
| 11/3/2021 | Listed for sale | $510,000$449/sqft |
Source: ECAOR #877640 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,337/mo
Principal & interest
$1893
Property taxes
$306
Home insurance
$138
Climate risks
Neighborhood: 32439
Nearby schools
GreatSchools rating
- 7/10Freeport Middle SchoolGrades: 5-8Distance: 1.2 mi
- 8/10Freeport Senior High SchoolGrades: 9-12Distance: 4.9 mi
- 6/10Freeport Elementary SchoolGrades: PK-4Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Freeport
- Middle: Freeport
- High: Freeport
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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