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Santa Rosa Beach · Neighborhood

Caspian Estates Homes for Sale

Caspian Estates is a nine-lot subdivision platted on March 21, 2006 in Santa Rosa Beach; Walton County lists 10 parcel IDs, nine single-family lots and one common-area parcel, and FEMA maps every piece of it in Zone X.

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    Short-term rentals: not yet confirmed for this neighborhood.

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    Living in Caspian Estates

    The Caspian Estates plat, recorded March 21, 2006 in Plat Book 17, page 48 under county subdivision number 02-3S-20-34701, divides Government Lot 61 in section 2, township 3 south, range 20 west into nine lots. It was created under a Walton County development order approved January 18, 2006, and its dedication gives the common areas, roads, drainage and retention areas, preservation areas, landscape buffers and recreation areas to Caspian Estates Homeowners Association, Inc., while the north and east 33 feet go to the public.

    Nineteen days before the plat was recorded, Caspian Estates Homeowners Association, Inc. was filed with the state as a nonprofit, and it is listed active with an April 2026 annual report. The county parcel layer shows 10 parcel IDs on 11 map pieces: nine single-family lots of roughly 0.07 to 0.10 acre by county acreage, and one common-area parcel drawn as two pieces of about 0.39 acre together, listed under the name Caspian Estates Homeowners Assoc. None of this states what the association charges or restricts.

    Thirteen address rows tie back to the series, and twelve of them carry Santa Rosa Beach, 32459 addresses: five on Caspian Court, five on Scuttle Hole Road, one on South Spooky Lane and one at 4161 West County Highway 30A, which is a second address for Lot 3. The common-area parcel holds the Spooky Lane address and one of the Scuttle Hole Road addresses, and a third common-area row is blank, so twelve addressed rows are not twelve homes. The county's flood layer concurs with FEMA's national flood map, which places each of the 11 map pieces in Zone X, the minimal flood hazard category, at an interior point and along its whole outline.

    The September 23, 2026 listing data for Santa Rosa Beach counts 10 sold dwellings and one active under the Caspian Estates name, one more sold than the plat has lots. Ten sold against nine lots means the count either includes resales or reaches beyond the nine lots, and no closing-date window comes with it, so it is a dated observation, not current supply.

    HOA & Fees

    What is the HOA fee at Caspian Estates?

    As of November 11, 2026, Caspian Estates homes for sale that report a fee on the MLS list these HOA fees:

    • Single-family homes: $380 a month (1 listing)

    Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.

    Based on one active MLS listing that reports an HOA fee. Fees billed quarterly, twice a year or yearly are shown as a monthly equivalent.

    Live Inventory

    Homes for Sale in Caspian Estates

    Price ReducedLuxuryShort-Term Rental Eligible

    $4,749,000

    21 Scuttle Hole Road

    Santa Rosa Beach, FL 32459

    5 bd 5 full, 3 half ba 4,858 sqft

    The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.

    Local Answers

    Caspian Estates FAQ

    How much is the HOA fee at Caspian Estates?

    As of November 11, 2026, Caspian Estates homes for sale that report a fee on the MLS list these HOA fees: single-family homes, $380 a month (1 listing). Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.

    What does the Caspian Estates plat dedicate to the homeowners association?

    The March 21, 2006 plat dedicates the common areas, roads, utility and drainage easements, retention and treatment areas, preservation areas, landscape buffers and recreation areas to Caspian Estates Homeowners Association, Inc., subject to the county development order, and dedicates the north and east 33 feet to the public. The plat does not state dues or rules.

    Why do 11 Caspian Estates map pieces equal only 10 parcels?

    The common-area parcel is drawn as two pieces under one ID, beside nine lot parcels numbered 1 through 9. Neither figure says anything about who lives there or what is for sale.

    Which roads do the thirteen Caspian Estates address rows sit on?

    Caspian Court and Scuttle Hole Road carry five addresses each, South Spooky Lane carries one on the common-area parcel, and West County Highway 30A carries one as a second address for Lot 3. The thirteenth row, also a common-area record, is blank, and no address is inferred for it.

    What does FEMA's map say about the Caspian Estates lots?

    Zone X, the minimal flood hazard category, for all 11 map pieces, including both common-area pieces, tested at an interior point and across each outline; Walton County's own layer agrees. A map zone is not an elevation survey or an insurance quote, and Walton County's Request Flood Information page explains how to confirm one parcel.

    As of what date is the Caspian Estates sold count?

    It comes from September 23, 2026 listing data for Santa Rosa Beach: one active dwelling and 10 sold, with no closing-date window. A newer search is needed before it describes today's market.

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