Property details
About 1221 Lake Dr
This income-producing brick duplex in Cantonment, FL sits on nearly half an acre and brings in $1,995 per month in rental income. Each side features 2 bedrooms, 1 full bathroom, a spacious living area, a functional kitchen, a utility room, and a large covered back patio. The property backs up to trees, providing excellent privacy for tenants. Both units are currently tenant-occupied. Unit #37 (left side) rents for $1,050 per month on a lease through September 30, 2025. Unit #38 (right side) rents for $945 per month on a lease through December 31,2025. Water, sewer, and sanitation are paid by the seller and average approximately $175 per month. The roof was replaced in 2019, and the entire property was rewired with a permit in 2018. Recent updates include three new window A/C units for Unit #37 and a new A/C unit for the master bedroom of Unit #38, all installed in 2023. One of the water heaters was replaced in 2024. Please do not disturb the tenants. With steady income already in place and room to build additional value over time, this property offers a strong long-term investment opportunity. Additional photos and details are available upon request.
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Water Heater, Electric Water Heater, Refrigerator
- Flooring Type: Simulated Wood
- Interior: Ceiling Fan(s)
- Total Bedroom Count: 4
- Parking: 2 Space/Unit
- Heating: Wall/Window Unit(s)
- Cooling: Wall/Window Unit(s)
- List Price: $175,000
- Price/SqFt: $124
- Annual Tax Amount: $1,495
- Tax Year: 2023
- Lot: Interior Lot
- Directions: North on Hwy 29 to East on Old Chemstrand Rd, to North on Lake. Duplex on left hand side
- Year Built: 1971
- Living Area: 1,404 SqFt
- MLS Number: 668562
- MLS Name: Pensacola MLS
- Office Name: KELLER WILLIAMS REALTY GULF COAST
- Office Phone: (850) 471-5000
- Listing Agent: Matthew Jones
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
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Last updated on: 8/1/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 29, 2023 | Home Sold | $125,000 |
| May 28, 2020 | Home Sold | $61,000 |
| Jul 25, 2019 | Home Sold | $50,200 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $93,822 | $1,495 |
| 2022 | $62,185 | $1,050 |
| 2021 | $52,806 | $1,050 |
| 2020 | $50,658 | $940 |
| 2019 | $49,624 | $920 |
| 2018 | $50,985 | $881 |
History based on county public records data.
Nearby schools
6
Lipscomb Elementary School
Public District KG-5
2.2 mi
•10200 Ashton Brosnaham Rd
7
L. D. McArthur Elementary School
Public District PK-5
2.6 mi
•330 E Ten Mile Rd
7
Pine Meadow Elementary School
Public District KG-5
3.0 mi
•10001 Omar Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,141. Residents of Cantonment, FL typically earn between $35k-100k each year. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
College Football
NASCAR
Extreme Sports
Where do the neighbors shop?
Best Buy
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Little Caesars
What do the neighbors drive?
Ram
Chevrolet
Jeep
What do the neighbors listen to?
Contemporary Christian
Classic Country- Country
Frequently asked questions
About 1221 Lake Dr
The listing price of 1221 Lake Dr property is $175,000.
The property 1221 Lake Dr is a multi located in Cantonment, Florida, 32533.
Active Listing: 1221 Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1221 Lake Dr are: Lipscomb Elementary School (GreatSchools Rating 6/10), L. D. McArthur Elementary School (GreatSchools Rating 7/10), Pine Meadow Elementary School (GreatSchools Rating 7/10), Ransom Middle School (GreatSchools Rating 5/10), Ferry Pass Middle School (GreatSchools Rating 4/10), Beulah Academy of Science (GreatSchools Rating 5/10), J. M. Tate High School (GreatSchools Rating 4/10), West Florida High School/Technical (GreatSchools Rating 8/10), Pine Forest High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $1,495 (source: MLS/based on county public records data).
The last sale was on March 29, 2023 for $125,000 (source: MLS/tax record).
The property 1221 Lake Dr is 1,404 SqFt (source: MLS/tax record).
The year of construction for 1221 Lake Dr is 1971.
This home is located at 1221 Lake Dr in Cantonment, FL and zip code 32533 in the Gonzalez neighborhood. This 1,404 square foot home was built in 1971. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 30, 2025 and is currently priced at $175,000.
In June 2025, from all listings sold in Cantonment, FL there were more than 13 sold above asking price, over 45 sold below and more than 23 were sold right at the asked price. In June 2025 in Cantonment, FL there were 1% more homes for sale than in May. The median list price of listings available in June 2025 was $315,000, while the average time on the real estate market was 72 days.