Open House: Aug 24, 2025, 1:00 PM - 4:00 PM
74 E Shell Cracker Road
Freeport, FL 32439
$399,000
Beds: 5
Baths: 3
Sq. Ft.: 2,472
Type: House
Listing #983088
Discover an exceptional opportunity in the Freeport, FL -- a unique multi-unit property on nearly half an acre, offering versatility, and outstanding investment potential. This property features three separate, fully rented residences, generating a combined monthly rental income of $5,000. With strong, consistent income, it offers a fantastic return on investment. Built in 2013, this property includes three well-appointed homes, ideal for extended families, short-term rental investors, or anyone seeking a combination of personal use and passive income. MAIN RESIDENCE: 3 bedrooms | 1 full bathroom 1,206 sq ft heated living space Open-concept layout with hardwood floors Central HVAC, metal roof, and durable Hardie board siding Bright, coastal-inspired finishes TWO DETACHED GUEST HOMES: 1 bedroom | 1 bathroom 1 bedroom | 1 1/2 bathroom 640 sq ft and 626 sq ft heated living areas Private entrances, full kitchens, and charming interiors Excellent for Airbnb, long-term tenants, or multi-generational living EXTERIOR FEATURES: 0.49-acre lot with mature trees and green space Brick and wood decking (added in 2023) for outdoor living and entertaining Ample parking with space for boats, RVs, or future expansion ADDITIONAL HIGHLIGHTS: - No HOA - Public utilities - Under 30 minutes to the beaches of South Walton and Destin Note that the property is not used exactly as it is zoned for (Residential 1 Unit). In case of destruction of the improvements, total or partial, the permit to rebuild might be granted following the zoning rules then-applicable. Don't miss this rare chance to own a turnkey, income-producing property in one of Freeport's most desirable and fast-growing areas.
Property Features
County: Walton
Sub Area: 2008 Jolly Bay
MLS Area: Freeport
Latitude: 30.4396
Longitude: -86.112932
Project Name/Subdivision: JOLLY BAY ACRES
Directions: GPS friendly.
Total Rooms: 7
Full Baths: 3
Cooling: Wall/Window Unit(s), Central Air
Style: Other
Stories: 1
Parking Description: Carport, RV, Other
Lot Size in Acres: 0.49
Lot Size in Sq. Ft.: 21,344
Dimensions: 110x243
Zoning: Resid Single Family
Condition: Construction Complete
Has Waterfront: No
Is One Story: Yes
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Property Type: SFR
Year Built: 2013
Status: Active
$ per month
Year Fixed. % Interest Rate.
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Listing Courtesy of Anchor Realty Florida
© 2025 Emerald Coast Association of REALTORS®. All rights reserved.
Copyright 2025 Emerald Coast Association of REALTORS®. 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 Emerald Coast Association of REALTORS® MLS. (iHomefinder, Inc Member Number 28165)
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 Emerald Coast Association of REALTORS® MLS. (iHomefinder, Inc Member Number 28165)
ECAR MLS data last updated at August 20, 2025, 7:24 PM CT
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