51 Silverthorn St · Freeport, FL 32439

$335,000

4 bd · 2.0 ba · 1,788 sqft · SingleFamily public records · 36 Days on market

Built 2023 6,098 sqft lot Est $338k · at est. $87/mo HOA · 3% of rent ↓ 2% since listing

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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).

• Cash flow +10.9/30.0
• ARV discount +7.9/15.0
• Schools +5.2/10.0
• Livability +3.4/5.0
• DSCR +3.2/10.0
• 1% rule +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

Key facts

• Access to beaches
• Fenced backyard
• Modern cabinet pulls

Tags

• FENCED BACKYARD
• OPEN-CONCEPT LAYOUT
• MODERN CABINET PULLS
• ACCESS TO BEACHES
• COMMUTE TO MILITARY BASES

Property features AI

Finance

• HOA & community: Homeowners association present; fees include management and master association services; Subdivision: Owl's Head East

Exterior

• Parking: Attached 2-car garage with garage door opener; Driveway with about 4 additional spaces
• Utilities: Electric service; Public water; Public sewer; Central electric HVAC; Electric water heater
• Home design: Craftsman style; Single-story; Built in 2023; Residential single-family zoning; Irregular lot shape
• Construction: Trim vinyl and cement fiberboard siding; Shingle roof; Slab foundation
• Exterior features: Private yard; Lawn pump; Covered patio; Fenced lot with privacy fencing; Level lot with sidewalk; Paved private road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave
• Bedrooms: 4 bedrooms (all on the first floor; master bedroom is carpeted with walk-in closet)
• Flooring: Vinyl; Carpet
• Bathrooms: 2 full bathrooms; Master bathroom has a garden tub and a separate shower
• Heating & cooling: Central heating; Central air
• Interior features: Kitchen island; Pantry; Washer/dryer hookup; Window treatments
• Laundry & utility: Washer/dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $-145 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $309k (7.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $269k (19.7% below list).
• Recommended offer: $269k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.0% in Freeport — 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 68/100 on livability (#520 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B+; Watch: health & safety C-, amenities F, commute 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: Freeport Elementary School (math 50% / reading 57%, grade C, #949 of 2,144 statewide, top 45%, 1,123 students, 55% FRL); Emerald Coast Middle School (math 70% / reading 65%, grade A-, #77 of 571 statewide, top 14%, 868 students, 24% FRL); Freeport Senior High School (math 47% / reading 62%, grade C-, #138 of 667 statewide, top 21%, 557 students, 43% FRL).
• Market conditions: Rents rising (+1.4%/yr); 1020 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).
• This rent runs 39% of the median local income ($83k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($325k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $269,119 (19.7% 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. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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.
7. 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.
8. 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: 0.80% ✗
• Cap rate: 5.77%
• Cash-on-cash: -1.86%
• DSCR: 0.92
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $337,932
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
41 Woodsorrel St	0.06mi	3/2.0 (-1)	1,682 (-6%)	6mo	$299,900	$178	78
216 Huckleberry St	0.15mi	3/2.0 (-1)	1,682 (-6%)	2mo	$322,100	$191	77
256 Parkside St	0.20mi	3/2.0 (-1)	1,828 (+2%)	7mo	$347,380	$190	76
57 Huckleberry St	0.24mi	3/2.0 (-1)	1,720 (-4%)	4mo	$335,467	$195	74
165 Sweetclover St	0.36mi	3/2.0 (-1)	1,828 (+2%)	1mo	$339,850	$186	74
104 Sweetthorn St	0.27mi	3/2.0 (-1)	1,720 (-4%)	3mo	$330,175	$192	73
214 Sweetthorn St	0.38mi	3/2.0 (-1)	1,822 (+2%)	4mo	$328,600	$180	71
465 Bluebeech St	0.42mi	3/2.0 (-1)	1,720 (-4%)	7mo	$332,856	$194	63
224 Sweetthorn St	0.39mi	3/2.0 (-1)	1,682 (-6%)	6mo	$317,900	$189	62
226 Huckleberry St	0.39mi	4/2.5	1,963 (+10%)	4mo	$337,900	$172	60
26 Parkside St	0.22mi	4/3.0	2,038 (+14%)	7mo	$325,000	$159	57
206 Huckleberry St	0.37mi	4/3.0	2,038 (+14%)	1mo	$286,848	$141	55

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

Projected returns pro-forma

-3.0% appreciation · 1.4% rent growth · sell at horizon

5-year hold

• IRR: -21.1%
• Equity multiple: 0.28×
• Total profit: $-67,776
• Equity at exit: $49,950

10-year hold

• IRR: -18.7%
• Equity multiple: 0.06×
• Total profit: $-87,808
• Equity at exit: $28,965

Cash invested: $93,800 (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 32439

• Home prices YoY: -4.2%
• Rents YoY: 1.4%
• Active inventory: 1020
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,691 high
• Mortgage (P&I): −$1,757
• Tax from tax record: −$288 /mo · $3,453/yr
• Insurance: −$140
• HOA: −$87
• Vacancy / Maint / Mgmt: −$565
• Net cashflow: $-145

Break-even live

Break-even rent $2,875

Max offer price $309,370

Occupancy floor —

Sensitivity live

Price	-10% $45	-5% $-50	+0% $-145	+5% $-240	+10% $-335
Rent	-10% $-358	-5% $-251	+0% $-145	+5% $-39	+10% $68
Rate	-1.0pp $24	-0.5pp $-60	base $-145	+0.5pp $-232	+1.0pp $-320

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
80 Silverthorn St Freeport, FL	3.0	2.0	1662	$2,200	$1.32	22d	1	0.04mi
133 Staggerbush St Freeport, FL	4.0	2.5	2048	$2,645	$1.29	15d	1	0.15mi
50 Sedge Cir Freeport, FL	1.0–3.0	1.0–2.0	1156	$2,700	$2.33	22d	1	0.43mi
36 Gray Owl Dr E Freeport, FL	4.0	2.0	2108	$2,800	$1.33	22d	1	0.96mi
585 Claudia Cir Freeport, FL	1.0–3.0	1.0–2.0	1082	$2,040	$1.89	22d	47	1.27mi
593 Alleyoak Ln Freeport, FL	3.0	2.0	1634	$2,600	$1.59	22d	1	1.37mi
530 Alleyoak Ln Defuniak Springs, FL	3.0	2.0	1711	$2,500	$1.46	22d	1	1.38mi
664 Alleyoak Ln Defuniak Springs, FL	3.0	2.0	1634	$2,600	$1.59	22d	1	1.46mi
692 Alleyoak Ln Defuniak Springs, FL	3.0	2.0	1776	$2,500	$1.41	22d	1	1.49mi

HOA detail

• Monthly dues: $87 · $1,044/yr

Listing history 25 events

1. 2026-06-21
   days on market $335,000 Active 36 DOM
2. 2026-06-18
   days on market $335,000 Active 33 DOM
3. 2026-06-17
   days on market $335,000 Active 32 DOM
4. 2026-06-16
   days on market $335,000 Active 31 DOM
5. 2026-06-15
   days on market $335,000 Active 30 DOM
6. 2026-06-14
   days on market $335,000 Active 28 DOM
7. 2026-06-13
   pricedays on market $335,000 Active 27 DOM
8. 2026-06-10
   days on market $340,000 Active 25 DOM
9. 2026-06-09
   days on market $340,000 Active 24 DOM
10. 2026-06-08
    days on market $340,000 Active 23 DOM
11. 2026-06-07
    days on market $340,000 Active 22 DOM
12. 2026-06-05
    days on market $340,000 Active 19 DOM
13. 2026-06-03
    days on market $340,000 Active 18 DOM
14. 2026-06-02
    days on market $340,000 Active 17 DOM
15. 2026-06-01
    days on market $340,000 Active 16 DOM
16. 2026-05-31
    days on market $340,000 Active 15 DOM
17. 2026-05-30
    days on market $340,000 Active 14 DOM
18. 2026-05-16
    listed $340,000 Active
19. 2023-08-16
    status Pending 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

20. 2023-07-31
    soldstatus $346,475 Sold 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

21. 2023-06-08
    price $346,225 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

22. 2023-06-07
    status Active 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

23. 2023-05-24
    status Pending 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

24. 2023-05-17
    price $339,900 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

25. 2023-04-27
    listed $345,400 Active 804-char remark

    Show marketing remark (804 chars)

    Now selling new construction homes in Owl's Head. This community is located in Freeport Florida. The Cali features a kitchen and living area with an open design that seamlessly integrate with the dining area. Interior features include EVP flooring, beautiful cabinetry in ivory, laminate countertops, a Smart Home package with DEAKO Smart Switch. Owl's Head is convenient to restaurants, shopping, golf courses, a regional sports complex, the E.O. Wilson Biophilia Center, and several marinas. It is 36 Miles to Eglin Airforce Base, 37 Miles to Duke Field, and 23 miles to Sacred Heart Hospitals. *Not accepting investment offers at this time Pictures, photographs, floor plans, elevations, features, colors and sizes are approximate for illustration purposes only and will vary from the homes as built.

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,453 · $288/mo
• Projected year-2 tax: $3,453 · $288/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,294
• − Mortgage interest: −$18,765
• − Property taxes: −$3,453
• − Insurance: −$1,675
• − Repairs & maintenance: −$2,584
• − Management: −$2,584
• − HOA: −$1,044
• − Depreciation: −$9,745
• Taxable loss: −$7,556
• Est. tax savings @ 24.0%: +$1,813
• After-tax cash flow: $72/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.

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 — Freeport

• Score: 68/100
• State rank: #520
• US rank: #9579

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Freeport, FL
• County: Walton County · 70,839 people
• City population: 15,328
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 15,328
• Household income: $83,227
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 172.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 16% Two or more races 8% Native American 5% Black 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 2% Cuban 1%
• Common ancestry: Slovak 3% Italian 3% Serbian 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 13% Other Indo-European 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: ▼ -15.18%
• Current HPI: 350.4692
• Rent YoY: ▲ 1.40%
• 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

-1.6% since first listed

8 events — show timeline

• 2026-05-16 Listed $340,000 ECAR
• 2023-08-16 Pending — ECAR
• 2023-07-31 Sold (MLS) $346,475 ECAR
• 2023-06-08 Price Changed $346,225 ECAR
• 2023-06-07 Relisted — ECAR
• 2023-05-24 Pending — ECAR
• 2023-05-17 Price Changed $339,900 ECAR
• 2023-04-27 Listed $345,400 ECAR

Property tax history

+88.3%/yr

Latest (2025): $3,453 · -14.5% YoY. Source: county tax records.