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8402 DAMEN LANE

House For Sale
$324,900

BTC: 4.99846154

ETH: 180.50000000

-$40K (2026/05/30)
85 days
Waterfront
2 bds
2 ba
1,086 sqft

Overview

Experience stunning, unobstructed sunrise views over Millers Bayou from this exceptional waterfront property. This waterfront property offers direct access to the Gulf of America, with only about a one-mile boat ride to Durney Key Island. A private boat ramp on the property makes getting on the water easy. Situated on a quiet cul-de-sac, the property features a fenced yard and is the only home with a driveway within the cul-de-sac, offering added privacy. Enjoy approximately 258 feet of water frontage with beautiful open water views. A new seawall was installed in 2023, adding long-term value and protection. Architectural drawings and engineering reports for a new custom home are available. The home has been ruled above the FEMA 50% rule. The current structure is an empty concrete shell and will need to be elevated or demolished (written est. 10K). The seller currently has an application in the Elevate Florida Grant Program, which is in the final decision stage. The application can be transferred to the new owner with a prior owner letter, proof of ownership transfer, and completion of required documentation. If approved, federal grant funding will cover at least 75 percent of the project cost, meaning property owners only need to invest up to 25 percent—a significant savings.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1960
Lot:
0.22 Acres
Heating:
None
Price/sqft:
$299
Cooling:
None
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$200,000
$78K – $324K
Confidence Low
List vs. estimate
$124K above estimate
List $324,900 · +62.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$299
+39.6% vs. city median $214
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,105
2025
View
Water
Waterfront
Bayou
Garage
1 car garage
All facts and features
  • Flooring

    • Other

    Heating

    • None

    Cooling

    • None

    Appliances

    • None

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Private Mailbox

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 1625290060000000120

    • Zoning: R1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $5,106

  • Source details

    • MLS ID: W7883700

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Block

    • Laundry Features: None

    • Lot Features: Cul-De-Sac / Flood Insurance Required

    • Direction Faces: North

    • Waterfront: Yes

    • Water Body Name: MILLER BAYOU

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1086

    • Water Source: Public

    • Subdivision Name: MARTHAS VINEYARD

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RELIANCE REALTY & INVESTMENTS