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1 Pine Log Road
About This Property
Set on expansive real Florida land, the property offers rolling terrain, mature pines and hardwoods, sandy soils, and wide-open skies. This is land that feels grounded and authentic ideal for those who value privacy, outdoor living, gardening, animals, or simply room to breathe. The area is known for its low density, minimal restrictions, and a strong sense of rural independence, making it especially appealing to buyers seeking freedom and flexibility. The location is remarkably convenient. The sugar-white beaches of the Emerald Coast are within easy driving distance, with Panama City Beach offering world-class beaches, dining, shopping, and entertainment. Tyndall Air Force Base is also accessible, making this an excellent option for military personnel or contractors who want space away from the congestion of city living. Chipley provides everyday essentials, local schools, and small-town charm, while nearby Panama City expands access to healthcare, employment, and coastal amenities.
Whether you're drawn by the land, the lifestyle, or the balance between country living and beach proximity, 1 Pine Log Rd. represents a rare opportunity to own a piece of genuine Northwest Florida countryside with room to grow and a location that truly works. Seller has never occupied the property and has no disclosures or knowledge of its past or current condition. Seller is making no claims or warranties of such property. It is the sole responsibility of the buyer to inspect the property to determine its condition. Both the Seller and the Buyer agree to hold harmless the listing and selling agents and their respective brokerages from liability regarding the property condition.
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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 |
|---|---|---|---|
| Feb 10, 2026 | Listed by Lokation | $85,000 | |
| Listed by Lokation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017