0 US-98
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 10, 2026 | Listed by Classic Luxury Real Estate LLC | $3,300,000 | |
| Listed by Classic Luxury Real Estate LLC | |||
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AMAZING Bayfront 17.5 acre Approved Commercial & Residential PUD Development opportunity perfectly positioned between the thriving coastal towns of Mexico Beach and Port St. Joe. Spanning 5 parcels, this unique offering includes Bay & Hwy 98 frontage components, creating an unmatched development opportunity. This stunning 17.5-acre tract has approx 600 feet of waterfront along St. Joe's Bay and is a mixed-use commercial & residential project inclusive of a 3-Story Bayfront condo building with (30) 1500 sf units, a 40'x40' pool and parking beneath, plus a 100 room, 3-story Hotel with a pool, plus 3000 sf restaurant and 2000 sf of common space, total 55K sf and 5000 sf retail/comm space, plus 9195 sf office space Also Available, the entire 24.2 Acres,(See More)
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| Jul 22, 2025 | Price Decreased |
$3,700,000
↓ $3M
(46.4%) | |
| Price Decreased | |||
| Jul 22, 2025 | Price Decreased |
$3,400,000
↓ $300K
(8.1%) | |
| Price Decreased | |||
| Jul 22, 2025 | Price Increased |
$6,900,000
↑ $3M
(100%) | |
| Price Increased | |||
| Mar 27, 2025 | Listed | $3,450,000 | |
| Listed | |||
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AMAZING Bayfront 17.5 acre Approved Commercial & Residential PUD Development opportunity perfectly positioned between the thriving coastal towns of Mexico Beach and Port St. Joe. Spanning 5 parcels, this unique offering includes Bay & Hwy 98 frontage components, creating an unmatched development opportunity. This stunning 17.5-acre tract has approx 600 feet of waterfront along St. Joe's Bay and is a mixed-use commercial & residential project inclusive of a 3-Story Bayfront condo building with (30) 1500 sf units, a 40'x40' pool and parking beneath, plus a 100 room, 3-story Hotel with a pool, plus 3000 sf restaurant and 2000 sf of common space, total 55K sf and 5000 sf retail/comm space, plus 9195 sf office space Also Available, the entire 24.2 Acres, see MLS #971894 (See More) With breathtaking Tidal Creeks, and gorgeous Salt Marsh, the opportunities for a premium destination are boundless.
Approved 17.5 Acre PUD Highlights Include:
"Bayfront 3-story, 30-unit condominium building with parking and a 40'x40' pool
"Three-story, 100-room hotel with 3,000 sq ft restaurant and 2,000 sq ft of common space
"9,195 sq ft of additional retail, office, or restaurant space
"5,000 sq ft of supplementary commercial space
"Ideal for a mixed-use waterfront village, hospitality destination, or phased development
"PUD and conceptual site plans available upon request
"Located just minutes from white-sand beaches, world-class fishing, charming coastal communities, and a growing base of full-time residents and vacationers, this property is uniquely positioned for success in residential, commercial, and hospitality sectors. With entitlements in place and momentum building in Gulf County, the timing is perfect to bring this vision to life.
"Don't miss this rare opportunity to acquire a high-impact development site with entitlements, flexibility, and unmatched location.
Contact us today for supporting documents.
Listing the 3 opportunities separately.
1)The Entire 24.2 Acres with Mixed-Use PUD and Residential Bayfront $6,950,000
2) 6.7 Acre "Bayside at Port St Joe" Bay Front, 14 Residential Lots at $3,750,000
3) 17.5 Acre PUD w/ Hotel, Condo Bldg, 2 pools, Retail and Office Space at $3,450,000
The Buyer to verify all information, including the dimensions and acreage. All information is reliable but not guaranteed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017