Prime Investment or Flip Opportunity on Rocky Bayou! This is your chance to transform a hidden gem into a stunning waterfront retreat! Situated on a spacious and wooded 1.41-acre lot with an impressive 155 feet of water frontage on beautiful Rocky Bayou, this property offers incredible potential for expansion and customization.The current structure has already been mostly gutted. The sellers are including architectural/structural plans and permits for the remodel, which includes adding 1,000 square feet to the front and rear of the home creating ample space for a luxury living experience, complete with room for a pool. Whether you're looking for your next flip project, custom waterfront home, or a long-term investment with high upside potential, this property checks all the boxes.
Sold for $850,000 on 04/21/25
$850,000
2802 Edgewater Dr, Niceville, FL 32578
3beds
2,110sqft
Single Family Residence
Built in 1973
1.41 Acres Lot
$1,012,200 Zestimate®
$403/sqft
$2,939 Estimated rent
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Home value
$1,012,200
$850,000 - $1.19M
$2,939/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 22, 2025 at 02:42am
Listed by:
Kenneth R Koger 850-621-3247,
Century 21 AllPoints Realty,
Whitney B Cramer 850-830-8582,
Century 21 AllPoints Realty
Bought with:
Janie M McDonald, 644781
Berkshire Hathaway HomeServices
Source: ECAOR,MLS#: 973265
Originating MLS: Emerald Coast
Originating MLS: Emerald CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: MBed First Floor, MBed Waterfront
- Level: First
Bedroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric, Natural Gas
Cooling
- Electric
Appliances
- Included: Cooktop, Dishwasher, Double Oven, Self Cleaning Oven, Refrigerator, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bedroom, Dining Area, Kitchen, Living Room, Master Bathroom, Master Bedroom, Sitting Room
- Windows: Window Treatmnt None
- Attic: Pull Down Stairs
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,110
- Total interior livable area: 2,110 sqft
Property
Parking
- Total spaces: 6
- Parking features: Boat, Attached, Oversized, Garage Door Opener, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Deck Open, Patio Open
- Exterior features: Boat Slip, Dock, Needs Work
- Pool features: None
- Has view: Yes
- View description: Bay, Bayou
- Has water view: Yes
- Water view: Bay,Bayou
- Waterfront features: Bay, Bayou
- Frontage type: Water
- Frontage length: Water: 155
Lot
- Size: 1.41 Acres
- Features: Covenants, Interior Lot, Irregular Lot, Within 1/2 Mile to Water, Wooded, Golf
Details
- Additional structures: Yard Building
- Parcel number: 101S222830000A0060
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco, Trim Vinyl
- Roof: Metal
Condition
- Under Construction
- New construction: Yes
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Fishing, TV Cable
Location
- Region: Niceville
- Subdivision: Rocky Bayou Est #1
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2025 | Sold | $850,000-5%$403/sqft |
Source:  ECAOR #973265 | ||
| 4/13/2025 | Pending sale | $895,000$424/sqft |
Source: ECAOR #973265 | ||
| 4/7/2025 | Listed for sale | $895,000+8.5%$424/sqft |
Source: ECAOR #973265 | ||
| 10/8/2024 | Sold | $825,000-8.3%$391/sqft |
Source: ECAOR #956095 | ||
| 8/25/2024 | Pending sale | $900,000$427/sqft |
Source: ECAOR #956095 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,028 +2.5% | $433,421 +3% |
| 2023 | $4,903 +1.3% | $420,797 +3% |
| 2022 | $4,842 +3.2% | $408,541 +3% |
Find assessor info on the county website
Neighborhood: 32578
Nearby schools
GreatSchools rating
- 10/10James E Plew Elementary SchoolGrades: PK-5Distance: 2 mi
- 9/10C. W. Ruckel Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Niceville Senior High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Plew
- Middle: Ruckel
- High: Niceville
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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$1,012,200
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$1,032,444