338 Howell Bluff Road
About This Property
Rare chance to own a vacant riverfront lot in peaceful Ponce de Leon. This 0.192-acre parcel sits directly on the beautiful Choctawhatchee River, offering stunning natural views and the perfect setting for your future homesite or weekend getaway.
Enjoy the tranquility of riverfront living with direct access to boating, fishing, kayaking, and exploring one of Northwest Florida's most scenic waterways. A public boat ramp is located just a short walk away, making it easy to launch your boat and enjoy everything the river has to offer.
Tucked away in a serene, natural setting, this property offers the privacy and charm of Old Florida living, while still being within a convenient drive to DeFuniak Springs, the Emerald Coast beaches, and local amenities.
Whether you're looking to build a primary residence, weekend retreat, or investment property, this lot provides a blank canvas to create your own waterfront escape.
No HOA. Bring your plans and start enjoying the river lifestyle!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Apr 4, 2026 | Price Decreased |
$95,000
↓ $30K
(24%) | |
| Price Decreased | |||
| Mar 28, 2026 | Price Decreased |
$125,000
↓ $25K
(16.7%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by LPT Realty LLC | $150,000 | |
| Listed by LPT Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017