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$297,500 Just Listed
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Property Description
Welcome to The Cottages, a charming new neighborhood featuring just 20 homes. This new and beautifully crafted 2-bedroom, 2-bath cottage blends classic coastal style with modern comforts. Painted brick accents, quartz countertops, stainless steel appliances, luxury vinyl plank and tile flooring, and a durable metal roof--all designed for low maintenance and long-lasting quality. The thoughtful layout offers bright, open living spaces and contemporary finishes throughout. The home includes parking for two vehicles, with additional guest parking conveniently located within the neighborhood. Perfect as a primary residence, downsizing option, or investment property, this cottage provides relaxed Florida living at its best.
Full Property Details
Full Property Details for 115 Penny Ln
General
- Price: $297,500
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 993286
- Updated: Today (1/20/2026)
- Added to Site: Today
Interior
- Rooms/Areas: Bedroom, Great Room, Kitchen, Master Bedroom
- Interior Features: Floor Tile, Floor Vinyl, Lighting Recessed, Newly Painted, Washer/Dryer Hookup
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Great Room: Great Room
- Kitchen: Kitchen
Exterior
- Exterior Features: Porch
Location
- Area: 13 - Niceville
- County: Okaloosa
- Subdivision: Kake Cottages
- Driving Directions: From Niceville: go west on John Sims Pkwy (towards Valparaiso), turn right on Government Ave (85 S), turn left onto Valparaiso Pkwy (190). Neighborhood will on your left.
School Information
- Elementary School: Lewis
- Middle School: Lewis
- High School: Niceville
Heating & Cooling
- Heating/Cooling: AC - Central Elect, Ceiling Fans, Double Pane Windows, Water Heater - Tnkls
Utilities
- Utility Description: Gas - Natural, Public Sewer, Public Water, Underground
Structural Information
- Architectural Style: Florida Cottage
- Construction: Brick, Frame, Roof Metal
- Stories/Levels: 1
- Square Feet: 1,012
- Sq. Ft. Source: County PA Records
- Year Built: 2026
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 40 x 65
- Street/Road Desc.: City Road
- Lot Features: Covenants, Level
- Zoning: City, Resid Single Family
Financial Considerations
- Assessment Amount: $180
- Assmt Payment Freq: Quarterly
- Terms: Conventional, FHA, Other, VA
Disclosures and Reports
- Legal Description: KAKE COTTAGES REPLAT LOT 15
- Assessment: Yes
- APN: 12-1S-23-2000-0000-0080
Listed by Eagle Bay Real Estate
Get Pre-Approved Today
Schools
Schools serving 115 Penny Ln
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Addie R. Lewis School 281 Mississippi Avenue, Valparaiso, FL 32580 | K-4 | 1.6 mi |
Niceville Senior High School 800 John Sims Parkway, Niceville, FL 32578 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Penny Ln
Date
Details
Price
Change
Source
1/20/2026
Listed
$297,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115 Penny Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$529
17%
$39,500
30%
2024
$451
100%
$30,300
100%
2023
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 Penny Ln
115 Penny Lane, Valparaiso, FL 32580 (MLS# 993286) is a Single Family property with 2 bedrooms and 2 full bathrooms. 115 Penny Lane is currently listed for $297,500 and was received on January 20, 2026. Want to learn more about 115 Penny Lane? Do you have questions about finding other Single Family real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.

