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Map
325 Oleander Drive
About This Property
This oversized parcel offers a rare chance to own and build in a PRIME location just an 8-minute walk to the beach, while also being conveniently located only 10 minutes to Pier Park and Topgolf, and 10 minutes to 30A.
Situated in unincorporated Bay County, this property offers added flexibility with NO HOA and no short-term rental restrictions making it ideal for a primary residence, second home, or investment opportunity. Zoned R-2, providing added flexibility for a variety of residential options including single-family or potential multi-unit development (buyer to verify)
With water and sewer available and generous dimensions, the potential here is unmatched!
Whether you're looking to build now or secure land at the beach, this is a standout opportunity in one of the most desirable areas along the Emerald 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 |
|---|---|---|---|
| Feb 20, 2026 | Listed by Counts Real Estate Group Inc | $820,000 | |
| Listed by Counts Real Estate Group Inc | |||
| Apr 27, 2023 | No longer available | - | |
| No longer available | |||
| Apr 22, 2023 | Listed by Pineapple Properties | $199,000 | |
| Listed by Pineapple Properties | |||
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Great 50x120 building lot, SOUTH OF HWY 98. (Seller has 3 lots for sale, each asking $199,000, Lot 13, Lot 14 and Lot 15). LEFT HAND TURN LANE OFF HWY 98. There are some other new construction homes around these lots. This is one of the straight-shot streets from Back Beach Road all the way to Front Beach Road with 2 beach accesses at the end of Oleander Dr.
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