0 Fairview Road
About This Property
Surrounded by a few established homes, this property offers a desirable balance of privacy and neighborhood appeal. Enjoy the peaceful setting while remaining conveniently located just 15-20 minutes from I-10, approximately 45 minutes from Dothan, Alabama via Hwy. 231, and about 90 minutes from the sugar-white sands and emerald waters of Panama City Beach. Whether you're ready to build or looking to invest in Florida land, this spacious corner parcel offers a great location with easy access to nearby amenities, recreation, and the Gulf Coast.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Listed by Florida Showcase Realty, LLC | $12,000 | |
| Listed by Florida Showcase Realty, LLC | |||
| Aug 31, 2025 | Listed by American Gold Realty | $25,000 | |
| Listed by American Gold Realty | |||
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Wooded 1.1± Acre Homesite in Compass Lake in the Hills! Located just off a paved road, this buildable lot offers a peaceful, natural setting with the convenience of modern access. Ideal for a site-built home or new mobile home—both are now allowed in this area. The property has been partially cleared to showcase the high and dry buildable area, and electric lines are already at the road for easy connection. Conveniently located approximately 45 minutes from Panama City and the beautiful Gulf beaches, and halfway between I-10 and Dothan, AL. Nearby Marianna offers shopping at Lowe's, Walmart, restaurants, Chipola College, Jackson Hospital, and recreation at Chipola River and Merritt's Mill Pond. Just minutes from Compass Lake, you can easily enjoy boating, fishing, or sunset cruises. Join the CLH's non mandatory POA and have access to all the amenities including McCormick Lake which is for members only. A no gas engine lake for swimming & fishing. This lot would be a good future investment or Build your dream getaway and full-time home from the ground up and make it your own! Owner financing is available.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 7, 2021 | In contract | - | |
| In contract | |||
| Apr 2, 2021 | Price Decreased |
$7,400
↓ $3K
(25.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017