20 A Skimmer Cove Loop Unit 24A · Laguna Beach, FL 32461

$566,525

3 bd · 2.5 ba · 1,442 sqft · Townhouse · 29 Days on market

Built 2026 Excellent condition Est $742k · 24% under · waterfront $308/mo HOA · 7% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Appreciation +7.0/10.0
• Cash flow +6.6/30.0
• Schools +5.2/10.0
• Condition / age +4.8/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +0.8/10.0

Listing remarks

The Anfield paired patio home offers 1,442 square feet, 2 bedrooms, 2.5 bathrooms, and a 1.5-car garage, located in the Villas at Longleaf Park within the Watersound Origins community. Positioned on a pie-shaped homesite with a wooded backdrop, the layout is designed for low-maintenance living with outdoor space that offers additional privacy. Estimated completion is Nov/Dec '26. Entering through the covered front porch, the home opens into the main living area where the kitchen, dining, and family room connect in an open layout with 10-foot ceilings and 8-foot interior doors throughout. The family room extends directly to the covered rear patio, creating a functional indoor-outdoor conn

Key facts

• Covered front porch
• Quartz countertops
• Open layout

Tags

• COVERED FRONT PORCH
• OPEN LAYOUT
• INDOOR OUTDOOR CONNECTION
• UPGRADED CABINETRY
• QUARTZ COUNTERTOPS
• WALK IN PANTRY

Property features AI

Finance

• Other: Community features include exercise room, golf, playground, community pool, tennis courts, pickleball, and pet-friendly rules; Short-term rentals are not allowed
• HOA & community: Homeowners association in place; Association covers grounds maintenance, structure insurance, management and maintenance; Fees include ground keeping, insurance, management, repairs/maintenance and master association services

Exterior

• Parking: Attached garage with garage door opener; Approximately 1.5 garage spaces; 1 driveway space
• Security: Security system; Smoke detectors
• Utilities: Public water; Public sewer; Electric service; Natural gas available; Tap fee paid
• Home design: Duplex; Single-story; Entry level: first floor; Resid Single Family zoning
• Construction: Built in 2026; Frame construction with cement fiberboard siding; Shingle roof; Slab foundation
• Exterior features: Covered patio; Porch; Sprinkler system; Pond view; Paved road access

Interior

• Kitchen: Cooktop; Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms; Primary bedroom on the first floor with walk-in closet
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: 3 bathrooms total (2 full, 1 half); Primary bathroom with double vanity and shower
• Heating & cooling: Central heating (natural gas); Central air conditioning; High-efficiency AC; Electric heat control
• Interior features: Kitchen island; Recessed lighting; Pantry; Pull-down attic stairs; Washer/dryer hookup; Painted woodwork; Storm windows
• Laundry & utility: Washer/dryer hookup; Tankless water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $567k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-942 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $430k (24.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $415k (26.7% below list).
• Recommended offer: $415k (26.7% below list) — sets the bar for 1% rule.
• Cap rate 4.3% vs local median 0.9% in Laguna Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#283 in FL, #4,522 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: amenities F.
• Walton (rural): math 62% / reading 61% proficiency, ranked #10 of 73 in FL (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Dune Lakes Elementary School (math 74% / reading 68%, grade A-, #320 of 2,144 statewide, top 15%, 928 students, 24% FRL); Emerald Coast Middle School (math 70% / reading 65%, grade A-, #77 of 571 statewide, top 14%, 868 students, 24% FRL); South Walton High School (math 61% / reading 73%, grade B, #69 of 667 statewide, top 11%, 1,235 students, 20% FRL) — zoned schools average 22% FRL vs 48% district-wide (26 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 723 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).
• This rent runs 34% of the median local income ($146k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $27k of equity ($4k loan paydown + $23k appreciation (4.1% local appreciation)).
• Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($558k) is reasonable based on typical stale-listing flexibility.

Recommended offer $415,270 (26.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 4.30%
• Cash-on-cash: -7.13%
• DSCR: 0.68
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $741,693
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
395 A Suwannee Dr Unit 60A	0.08mi	3/2.5	1,442 (0%)	3mo	$549,995	$381	93
380 Suwannee Dr Unit 14A	0.09mi	2/2.5 (-1)	1,448 (+0%)	3mo	$584,807	$404	88
379 Suwannee Dr Unit 62A	0.09mi	2/2.5 (-1)	1,448 (+0%)	3mo	$547,594	$378	88
349 Suwannee Dr Unit 68A	0.10mi	2/2.0 (-1)	1,442 (0%)	3mo	$506,827	$351	86
373 Suwannee Dr Unit 64A	0.10mi	2/2.0 (-1)	1,442 (0%)	5mo	$558,597	$387	85
373 B Suwannee Dr Unit 64B	0.10mi	2/2.0 (-1)	1,418 (-2%)	2mo	$515,000	$363	84
380 Suwannee Dr Unit 14B	0.09mi	2/2.0 (-1)	1,418 (-2%)	3mo	$546,521	$385	84
379 Suwannee Dr Unit 62B	0.09mi	2/2.0 (-1)	1,418 (-2%)	3mo	$532,593	$376	84
395 Suwannee Dr Unit 60B	0.08mi	2/2.0 (-1)	1,418 (-2%)	3mo	$549,876	$388	84
349 Suwannee Dr Unit 68B	0.11mi	2/2.0 (-1)	1,418 (-2%)	3mo	$535,356	$378	83
400 Suwannee Dr Unit 16B	0.08mi	2/2.0 (-1)	1,418 (-2%)	5mo	$540,648	$381	82
323 B Suwannee Dr Unit 72B	0.11mi	2/2.0 (-1)	1,418 (-2%)	6mo	$475,000	$335	80

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.06% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.2%
• Equity multiple: 1.26×
• Total profit: $40,979
• Equity at exit: $289,318

10-year hold

• IRR: 7.1%
• Equity multiple: 2.21×
• Total profit: $192,071
• Equity at exit: $474,870

Cash invested: $158,627 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32461

• Home prices YoY: 1.2%
• Active inventory: 723
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $4,153 medium
• Mortgage (P&I): −$2,971
• Tax est. 1.5%: −$708 /mo · $8,498/yr
• Insurance: −$236
• HOA: −$308
• Vacancy / Maint / Mgmt: −$872
• Net cashflow: $-942

Break-even live

Break-even rent $5,346

Max offer price $430,145

Occupancy floor —

Sensitivity live

Price	-10% $-551	-5% $-747	+0% $-942	+5% $-1,138	+10% $-1,334
Rent	-10% $-1,271	-5% $-1,107	+0% $-942	+5% $-778	+10% $-614
Rate	-1.0pp $-657	-0.5pp $-798	base $-942	+0.5pp $-1,089	+1.0pp $-1,239

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $141,631
• Closing costs: $16,996
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
323 Suwannee Dr Unit 72A Inlet Beach, FL	2.0	2.0	1442	$4,000	$2.77	22d	1	0.12mi
323 Suwannee Dr Inlet Beach, FL	2.0	2.0	1442	$3,500	$2.43	15d	1	0.14mi
40 Blue Stream Way Inlet Beach, FL	1.0–2.0	1.0–2.0	978	$2,342	$2.39	15d	11	0.91mi
48 E Lafayette Rd Inlet Beach, FL	3.0	2.0	1700	$3,700	$2.18	15d	1	1.05mi

HOA detail

• Monthly dues: $308 · $3,696/yr
• Likely covers: water

Listing history 17 events

1. 2026-06-18
   status $566,525 Pending 29 DOM
2. 2026-06-17
   days on market $566,525 Active 29 DOM
3. 2026-06-16
   days on market $566,525 Active 28 DOM
4. 2026-06-15
   days on market $566,525 Active 27 DOM
5. 2026-06-14
   days on market $566,525 Active 25 DOM
6. 2026-06-13
   days on market $566,525 Active 24 DOM
7. 2026-06-10
   days on market $566,525 Active 22 DOM
8. 2026-06-09
   days on market $566,525 Active 21 DOM
9. 2026-06-08
   days on market $566,525 Active 20 DOM
10. 2026-06-07
    days on market $566,525 Active 19 DOM
11. 2026-06-05
    days on market $566,525 Active 16 DOM
12. 2026-06-03
    days on market $566,525 Active 15 DOM
13. 2026-06-02
    days on market $566,525 Active 14 DOM
14. 2026-06-01
    days on market $566,525 Active 13 DOM
15. 2026-05-31
    days on market $566,525 Active 12 DOM
16. 2026-05-30
    days on market $566,525 Active 11 DOM
17. 2026-05-19
    listed $566,525 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $49,832
• − Mortgage interest: −$31,734
• − Property taxes: −$8,498
• − Insurance: −$2,833
• − Repairs & maintenance: −$3,987
• − Management: −$3,987
• − HOA: −$3,696
• − Depreciation: −$16,481
• Taxable loss: −$21,382
• Est. tax savings @ 24.0%: +$5,132
• After-tax cash flow: $-6,178/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This home is in excellent condition with no major repairs needed. It offers a great value with potential for minor updates to enhance curb appeal and functionality.

Value-add opportunities

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace light fixtures — Modern light fixtures can improve the home's curb appeal and functionality
• Both Install smart home devices — Smart home devices can increase convenience and property value
• Both Add outdoor lighting — Outdoor lighting enhances safety and curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace light fixtures — Modern light fixtures can improve the home's curb appeal and functionality ↑
• Both Install smart home devices — Smart home devices can increase convenience and property value ↑
• Both Add outdoor lighting — Outdoor lighting enhances safety and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Walton
• NCES district ID: 1201980
• Math proficiency: 62% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $46,794
• Composite: 52.03/100
• National rank: #1634
• State rank: #10 of 73 in FL

Livability — Laguna Beach

• Score: 74/100
• State rank: #283
• US rank: #4522

Category grades

Amenities F Commute C+ Cost of living B+ Crime A+ Employment A Housing A+ Health & safety A- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Walton County · 70,839 people
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 3,757
• Household income: $145,706
• Rent vs Own: 13.8% rent · 86.2% own
• Severe rent burden: 67.0

Population outlook (Walton County) Hauer SSP2

• Today (2025): 80,014 people
• By 2030: 88,120 · +10.1%
• By 2040: 103,537 · +29.4%
• By 2050: 117,034 · +46.3%
• By 2075: 143,901 · +79.8%
• By 2100: 155,138 · +93.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Hispanic / Latino 3% Black 2% Asian 1%
• Common ancestry: Slovak 4% Lithuanian 4% Portuguese 3%
• Foreign-born: 8% · Canada
• Languages at home: 94% English-only · Spanish 5% Other Asian/Pacific 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Walton

• 2024 margin: Solid R (+57.8) · D 20.7% · R 78.6%
• 2008→2024 swing: -12.0pp toward R · 2008: -45.8pp · 2024: -57.8pp
• All cycles: 2024: R+57.8 2020: R+51.7 2016: R+56.1 2012: R+52.0 2008: R+45.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.06%
• Current HPI: 346.4019
• Rent YoY: —
• Metro: Crestview-Fort Walton Beach-Destin, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

1 event — show timeline

• 2026-05-19 Listed $566,525 ECAR