602 Tropical Way, Freeport, FL, 32439
About This Home
STOP searching--this is the one. Fully renovated, NO HOA, and loaded with upgrades, 602 Tropical Way is the kind of home that checks every box and gives you room to dream bigger. This stunning 3-bedroom, 2-bath home with a 2-car garage sits on a sprawling .33-acre lot and immediately impresses with soaring vaulted ceilings and a light-filled open-concept layout that feels both expansive and inviting. Three massive bedrooms offer next-level comfort--perfect for relaxing, hosting, or creating your ideal work-from-home space. Every major upgrade has already been done for you. Enjoy peace of mind with a BRAND NEW ROOF (March 2026) and a full-scale 2021 renovation featuring a gorgeous modern kitchen, all-new flooring, fresh drywall, and a new HVAC system. It's truly turn-key and move-in ready- just bring your furniture, enjoy it fully furnished as is, and start living. Step outside and the possibilities explode. With NO HOA, you've got the freedom to park your boat, RV, or trailer, add a pool, or design the backyard oasis you've always wanted--all on your oversized lot. And the location? Hard to beat. Just one mile from the 331 Bridge, you're minutes from Choctawhatchee Bay and the iconic white sand beaches of South Walton. Whether you're commuting, investing, or living the coastal lifestyle full-time, this home delivers. Rare. Upgraded. Unrestricted. Schedule your showing today before someone else grabs it.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Construction Complete
- Year built: 2008
Materials
- Foundation: Slab
- Roof: Composition,Shingle
- Construction materials: Siding Brick Some,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Microwave,Electric Water Heater
- Laundry features: Washer/Dryer Hookup
Bedroom
- Level: First
- Area: 132
- Dimensions: 12 x 11
Bedroom
- Level: First
- Area: 132
- Dimensions: 12 x 11
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Cooling features: Central Air
Dining Room
- Level: First
- Area: 80
- Dimensions: 8 x 10
Family Room
- Level: First
- Area: 270
- Dimensions: 15 x 18
Features
- Vaulted Ceiling(s),Recessed Lighting
- Flooring: Vinyl
- Common walls with other units/homes: No Common Walls
Interior Area
- Total structure area: 1,510
- Total interior livable area: 1,510 sqft
Kitchen
- Level: First
- Area: 70
- Dimensions: 10 x 7
Master Bedroom
- Level: First
- Area: 270
- Dimensions: 18 x 15
Property
Details
- Parcel number: 331S192303300B0440
- Zoning description: Resid Single Family, See Remarks
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Lot size: 0.33 Acres
- Lot size dimensions: 76 x 190
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Coastal Flooding
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Walton County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,714 | $20,568 |
| Home Insurance * | $137 | $1,644 |
| Property Taxes | $338 | $4,056 |
| Electricity | $197 | $2,366 |
| Total | $2,386 | $28,632 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $339,000 |
| 2024-11-21 | Listing removed | $345,000 |
| 2024-08-31 | Price change | $355,000 |
| 2024-07-21 | Listed for sale | $367,000 |
| 2011-11-17 | Sold | $112,000 |
View on Zillow