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Half acre about 400' from bay

florida girl avatar
Beach Fanatic
2,635 views
What's a half acre about 400' from the Choctawhatchee Bay going for now?

Replies

18
Kurt avatar
Admin
#2
It depends a bit on where. It's a big bay.
Smiling JOe avatar
SoWal Expert
#3
I know of a full acre, about the same distance from the Bay which recently sold for less than $100,000.
florida girl avatar
Beach FanaticAuthor
#4
It's in the town center.
Smiling JOe avatar
SoWal Expert
#5
It's in the town center.
Near the old landfill? Much of that land is wetlands. Price will differ depending upon subject property being uplands or wetlands, and price will also vary based on zoning. There are several zonings in that area. The piece to which I referred was mostly wetlands, but it did have some uplands upon which the seller stated that a home could be built without impacting the wetlands. If you are looking to try to pinpoint a narrow price range, I suggest contacting a good local Realtor, giving him or her specific details regarding the particular parcel of which you are inquiring.

Edited

florida girl avatar
Beach FanaticAuthor
#6
I'll take 500,000 for it.
Smiling JOe avatar
SoWal Expert
#7
I'll take 500,000 for it.
Well, if you want to sell it, perhaps you should tell us about it. Maybe its worth $500K, but I don't know anyone who will buy it without knowing what they are getting.
florida girl avatar
Beach FanaticAuthor
#8
Zoned at 8 units an acre, up to 10, town center, approximately 400' from the bay... Town center is not that large.
Smiling JOe avatar
SoWal Expert
#9
Like I said, the particular details of the parcel will make a difference in price. Still not nearly enough details to justify that price.
florida girl avatar
Beach FanaticAuthor
#10
I could sell a tenth of an acre for 100,000, so what's the difference?
Smiling JOe avatar
SoWal Expert
#11
The difference is that you haven't stated the specifics of the parcel. If it is all wetlands, expect less than $100K for the entire lot. If it is the location of a former landfill, expect less than if it is not. If it has hazardous materials on the property, pay someone to take it and run. As I stated, without the details of the particular parcel, I don't know anyone willing to give you any amount for it. With the particulars stated, it might be possible to get the amount you are looking for.
Bobby J avatar
Beach Fanatic
#12
I could sell a tenth of an acre for 100,000, so what's the difference?

Any wetlands would be my first question????
Smiling JOe avatar
SoWal Expert
#13
I could sell a tenth of an acre for 100,000, so what's the difference?
I'd say that if you can sell a tenth of an acre for $100K, you should have sold it long ago. That would be a very tiny lot, like one you might expect to find in Seacrest Beach, except you have set backs which leave you with very little building footprint. By the way, I know of no tenth of an acre lots in that area. If it is NPA Infill, your maximum density is 8 units per acre. If the land is in a flood zone, the County says that you cannot subdivide the property even if it is currently zoned for more units. From the limited info which you provide, I am guessing that this parcel is still one parcel, not 10 parcels.
Bobby J avatar
Beach Fanatic
#14
Sj,

I have an acre across the street from the Bay with 3 rented units on it. What do you think that is worth? I think you might no where that is.😀
Smiling JOe avatar
SoWal Expert
#15
Sj,

I have an acre across the street from the Bay with 3 rented units on it. What do you think that is worth? I think you might no where that is.😀
more than a hundred. :funn:I did think of a way in which you could subdivide it, but it would require you moving onto the property. :lolabove: Paint that single unit brown and pink, like Baskin Robbins' colors and you can probably get Chick Heuttel (I'm probably butchering his good name) to buy it, just so he could paint it a better color.
Bobby J avatar
Beach Fanatic
#16
more than a hundred. :funn:I did think of a way in which you could subdivide it, but it would require you moving onto the property. :lolabove: Paint that single unit brown and pink, like Baskin Robbins' colors and you can probably get Chick Heuttel (I'm probably butchering his good name) to buy it, just so he could paint it a better color.

I was actually thinking of moving on it..... Or I could build a big one right in the middle and keep the other 3 as rentals.....
Jdarg avatar
SoWal Expert
#17
I was actually thinking of moving on it..... Or I could build a big one right in the middle and keep the other 3 as rentals.....


You could start a commune, or a summer camp for the neighborhood kids, even better- a neighborhood bar and grill....I can probably come up with a few more excellent ideas!:roll: :lol:
John R avatar
needs to get out more
#18
forgive my ignorance, town center?

florida girl, 10 parcels on half an acre, or 10ths of an acre lot which is it? can you offer a map? lat/long?
Smiling JOe avatar
SoWal Expert
#19
Town Center is a type of zoning, and is found around the SoWal County Courthouse Annex. Since there are no tenth of an acre parcels in that area, zoned as Town Center, the property is probably one of the smaller parcels (1 acre, many parcels are 10 acres) on Chat Holley.

Edited

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