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4165 Highway 87, Navarre, FL, 32566

2beds
1baths
1,032sqft
$179,000
$173price/sqft
$1,517/moest. monthly cost
$60,680/yrincome needed

About This Home

A flexible commercial–residential opportunity on the Highway 87 growth corridor, this 0.40-acre property offers both immediate income and long-term upside. The block home is currently tenant-occupied, giving buyers built-in cash flow from day one. With valuable frontage on a high-visibility commercial route, the land is ideal for small business use, redevelopment, or continued residential rental. Whether you’re an investor, owner-operator, or buyer looking for a property that earns while it appreciates, it would make a nice homestead.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

7/10
5/10
Navarre High SchoolGrades 9-121.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1958

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Appliances

Bedroom

  • Level: First
  • Area: 120

Bedroom1

  • Level: First
  • Area: 100

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Vinyl,Carpet

Heating & Cooling

  • Heating features: Multi Units
  • Cooling features: Multi Units,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,032
  • Total interior livable area: 1,032 sqft

Kitchen

  • Level: First
  • Area: 88

Living Room

  • Level: First
  • Area: 210

Property

Details

  • Parcel number: 391s270000033000000
  • Zoning description: Agricultural,Commercial,Res Multi,Res Single,Unrestricted
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch

Lot

  • Lot size: 0.40 Acres
  • Features: Central Access
  • Lot size dimensions: 100X175

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Heat Wave
Tornado
Tsunami

FEMA Declared Disasters in Santa Rosa County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $905$10,860
Home Insurance *$211$2,532
Property Taxes $204$2,448
Electricity $197$2,366
Total$1,517$18,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,011/yr
40% on housing$45,510/yr
45% on housing$40,453/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$173This listing

vs Other Active Listings

Avg $/sqft

ZIP 32566$308
Santa Rosa County$214

vs Homes Sold Last Month

Median $/sqft

ZIP 32566$217
Santa Rosa County$191

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

DateEventPrice
2026-05-13Price change$199,500
2026-03-27Listed for sale$225,000
2018-11-13Sold$97,500
2018-09-13Listed for sale$112,500
2018-07-05Listing removed$114,500
2018-06-25Price change$114,500
2018-06-08Price change$119,500
2018-05-27Price change$130,000
2018-04-20Listed for sale$125,000
2018-02-09Sold$50,000
2013-12-03Listing removed$89,900
2013-09-05Listed for sale$89,900
2012-04-26Listing removed$79,900
2012-03-11Price change$79,900
2012-02-24Listed for sale$119,900
2005-02-10Sold$55,000

For Sale by Agent

AgentCharles Stallions
BrokerageCHARLES STALLIONS RE SERVICES

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