0 CHEROKEE DRIVE
About This Property
Discover the potential of this 10.37-acre vacant parcel in Wakulla County, Florida, offering a rare opportunity for builders, developers, investors, or buyers looking to create a private estate with room to grow. With no HOA and no deed restrictions, this property provides the flexibility and freedom to bring your vision to life without added limitations.
This spacious tract offers excellent potential for building, with ample room for a custom home, multiple structures, recreational use, or future development possibilities. Whether you're looking to invest in land, create a private retreat, or explore development opportunities in a growing area, this property delivers versatility and long-term potential.
Located in Wakulla County, this area is surrounded by Florida's natural beauty and is known for its incredible outdoor recreation, including boating, fishing, kayaking, hiking, and exploring the area's rivers, forests, parks, and nearby Gulf Coast waterways. Whether you're planning to build now or hold as a future investment, this property offers space, flexibility, privacy, and opportunity in one of North Florida's most beautiful natural settings. Call for more information today!!!!
(LOT NEXT TO IT IS ALSO FOR SALE WITH 10.38 Acres and HAVE ACCESS TO THE RIVER, ASK FOR MORE INFO)
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | Price Decreased |
$141,900
↓ $2K
(1.4%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$143,900
↓ $2K
(1.4%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$145,900
↓ $2K
(1.4%) | |
| Price Decreased | |||
| Jul 23, 2026 | Price Decreased |
$147,900
↓ $2K
(1.3%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$149,900
↓ $20K
(11.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017