Excellent investment opportunity in the heart of Gulf Breeze! Located in the desirable A+ school district, 1281 Redwood Ln. offers a rare chance to own a four-unit multifamily property in a high-demand area. Each of the four units features 2 bedrooms, 1 full bathroom, and either a private balcony or back porch with yard access—perfect for tenants seeking outdoor space and comfort. This well-positioned property is just minutes from top-rated schools, shopping, dining, a local fire station, and a public boat ramp—making it highly attractive to renters. Two units are rent-ready, while the other two offer renovation potential to increase value and rental income. Each unit has a laundry room with washer/dryer hook ups and additional storage. Being sold **AS IS**, this property is ideal for investors looking to add value and build equity in a sought-after Gulf Breeze location. Don’t miss out on this promising multifamily opportunity!
Sold for $510,000
$510,000
1281 Redwood Ln, Gulf Breeze, FL 32563
8beds
3,432sqft
Quadruplex
Built in 1982
-- sqft lot
$581,300 Zestimate®
$149/sqft
$2,147 Estimated rent
Home value
$581,300
$529,000 - $639,000
$2,147/mo
Zestimate® history
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$3,284/mo
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Zillow last checked:
Listing updated:
Listed by:
Christy Smith 850-572-8952,
Emerald Coast Realty Pros
Bought with:
Christy Smith
Emerald Coast Realty Pros
Source: PAR,MLS#: 668608
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Multi Units, Central
Cooling
- Ceiling Fan(s), Multi Units, Central Air
Appliances
- Included: Electric Water Heater
- Laundry: W/D Hookups
Features
- Flooring: Hardwood, Carpet
- Has basement: No
Interior area
- Total structure area: 3,432
- Total interior livable area: 3,432 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Balcony, Irrigation Well, Lawn Pump
- Pool features: None
- Waterfront features: None
Lot
- Features: Central Access
Details
- Parcel number: 322s284820003000600
- Zoning description: Res Multi
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1982
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Picnic Area, Sidewalks
- Subdivision: Santa Rosa Shores
Location
- Region: Gulf Breeze
Financial & listing details
- Price per square foot: $149/sqft
- Tax assessed value: $366,497
- Annual tax amount: $4,365
- Date on market: 7/31/2025
- Cumulative days on market: 2 days
- Lease term: None
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2025 | Sold | $510,000+2%$149/sqft |
Source:  PAR #668608 Report a problem | ||
| 8/4/2025 | Contingent | $499,900$146/sqft |
Source: PAR #668608 Report a problem | ||
| 7/31/2025 | Listed for sale | $499,900+1438.2%$146/sqft |
Source: PAR #668608 Report a problem | ||
| 12/16/2024 | Sold | $32,500-75.3%$9/sqft |
Source: Public Record Report a problem | ||
| 1/22/2013 | Sold | $131,556+0.4%$38/sqft |
Source: PAR #432131 Report a problem | ||
| 6/7/2012 | Sold | $131,000-40%$38/sqft |
Source: Public Record Report a problem | ||
| 12/31/2003 | Sold | $218,500+32.4%$64/sqft |
Source: Public Record Report a problem | ||
| 6/6/2002 | Sold | $165,000+10%$48/sqft |
Source: Public Record Report a problem | ||
| 12/27/2000 | Sold | $150,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,365 +14.3% | $239,473 +10% |
| 2023 | $3,818 +11.9% | $217,703 +10% |
| 2022 | $3,412 +31.6% | $197,912 +10% |
| 2021 | $2,593 +5.3% | $179,920 +5% |
| 2020 | $2,463 +7% | $171,318 +7.4% |
| 2019 | $2,301 | $159,568 -4% |
| 2018 | $2,301 +13.2% | $166,212 +20.3% |
| 2017 | $2,033 | $138,160 +2.4% |
| 2016 | $2,033 +1.7% | $134,861 -2.6% |
| 2015 | $1,999 -4.3% | $138,436 -3.9% |
| 2014 | $2,088 | $144,086 +4.6% |
| 2013 | -- | $137,706 -0.2% |
| 2012 | -- | $137,997 -10.6% |
| 2011 | -- | $154,312 -2% |
| 2010 | -- | $157,427 -10.8% |
| 2009 | -- | $176,427 -17% |
| 2008 | -- | $212,536 |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: 32563
Nearby homes
- $--2 bd1 ba900 sqft1281 Redwood Ln APT B, Gulf Breeze, FL 32563Off Market
- $--2 bd1 ba858 sqft1281 Redwood Ln #1, Gulf Breeze, FL 32563Off Market
- $--2 bd1 ba900 sqft1281 Redwood Ln APT D, Gulf Breeze, FL 32563Off Market
- $--2 bd1 ba900 sqft1281 Redwood Ln #C, Gulf Breeze, FL 32563Off Market
- $--2 bd1 ba900 sqft1281 Redwood Ln #A, Gulf Breeze, FL 32563Off Market
- $135,0002 bd1 ba635 sqft1301 Redwood Ln APT E, Gulf Breeze, FL 32563Sold
- $145,0001 bd1 ba576 sqft1301 Redwood Ln APT H, Gulf Breeze, FL 32563For Sale
- $135,0002 bd1 ba635 sqft1301 Redwood Ln APT A, Gulf Breeze, FL 32563For Sale
Nearby schools
GreatSchools rating
- 9/10Oriole Beach Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 8/10Gulf Breeze Middle SchoolGrades: 6-8Distance: 5 mi
- 7/10Gulf Breeze High SchoolGrades: 9-12Distance: 5 mi
Schools provided by the listing agent
- Elementary: Oriole Beach
- Middle: GULF BREEZE
- High: Gulf Breeze
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$581,300
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- Florida
- Santa Rosa County
- Gulf Breeze
- 32563
- 1281 Redwood Ln
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