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5233 Indian Bluff Drive
About This Property
Discover an incredible opportunity at 5233 Indian Bluff Drive in Panama City, FL! This beautiful 1.13-acre waterfront property offers the flexibility to purchase one lot or the entire parcel! Nestled along a quiet, peaceful canal leading directly to Deer Point Lake, this property is the perfect setting to build your dream home and enjoy the best of Florida waterfront living.
The hard work has already been done! The property is completely cleared, a seawall is already in place, and the land is ready for your vision to become reality. Imagine sipping your morning coffee while watching the neighborhood bald eagle perched in its nest just across the water. Spend your afternoons kayaking, boating, fishing, or simply soaking in the natural beauty and tranquility of your own waterfront retreat.
With 1.13 acres and the potential to divide the property into two parcels, the possibilities are endless! Build on one lot, purchase both for added privacy, or explore the potential of owning two waterfront homesites.
IMPORTANT: THE LISTED PRICE IS FOR ONE LOT ONLY, NOT THE ENTIRE 1.13 ACRES. The owners are willing to sell either individual parcel or the entire property.
BUY ONE OR BUY IT ALL! BRING AN OFFER! For pricing and details on purchasing the entire property, contact Matthew Wright today. Don't miss this opportunity to own a piece of waterfront paradise with direct access to Deer Point Lake!
DISCLAIMER: Listed price is for ONE proposed lot only, not the entire 1.13 acres. Property may be subdivided into two parcels, subject to zoning, permitting, and applicable approvals. Buyer to verify subdivision feasibility, buildability, and all property details. Contact Matthew Wright for pricing on the entire property.
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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