270 Pruett Road
About This Property
Welcome to Cat Point, where approximately 1.32 acres of vacant land offer the rare opportunity to create your own coastal retreat for $425,000.
Tucked among mature live oaks, pines, palms, and native coastal vegetation, this property offers unmatched privacy surrounded by the natural beauty of Florida's Forgotten Coast, far removed from dense crowds and high-rise development.
Here, life moves at the pace of the Bay. Spend mornings fishing or kayaking, afternoons on the pristine beaches of St. George Island, and evenings watching breathtaking sunsets as coastal breezes drift through the trees.
The neighboring Eastpoint Fishing Pier, the Apalachicola National Estuarine Research Reserve, and Cat Point Trail allow you to explore one of Florida's most remarkable coastal ecosystems right from your backyard. Historic downtown Apalachicola--with its charming seafood restaurants, boutique shops, galleries, and rich waterfront history--is just minutes away.
For buyers seeking an even larger footprint, the adjacent Cat Point Hideaway home on approximately 1.33 acres is also available separately, offering a rare chance to combine both parcels for a total of approximately 2.65 acres.
Opportunities to secure over an acre of untouched Forgotten Coast real estate at this price point are quickly disappearing. Don't just buy land--claim your piece of paradise today.
OFFERING OPTIONS:
-Entire 4-Parcel Estate (~4 Acres + Home): $1,975,000
MLS 795969
-Home + 1.33 Acres (Parcel 2): $1,350,000
MLS 794761
-Parcel 1 (1.32 Acres): $425,000
MLS 794780
-Parcel 3 (0.68 Acres): $300,000
MLS 795922
-Parcel 4 (0.68 Acres): $300,000
MLS 795923
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017