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    115 Sailors Cove Dr Port St Joe, FL 32456

    For Sale
    $1,700,000

    Improved Commercial - Port St. Joe, FL

    Property size:
    4,644 SF
    Lot size:
    0.07 Acres
    Days on Market:
    104
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 115 Sailors Cove Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    04594-345R
    Size
    4,644 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Expense value
    322.5
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Year built
    2021
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Rish Real Estate Group (850) 227-9600

    Listing agent Maria Ramsey (850) 227-9600

    Listing date Aug 25, 2025

    MLS# 321332 Listing URL

    Copyright © 2025 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Space with Bay Views

    This 4644 square foot mixed-use property is located in the Village at Marina Cove, steps away from the Point South Marina and within walking distance of downtown Port St. Joe. The property features bay views and includes both commercial and residential spaces. The bottom floor, Unit A, offers over 2000 sq ft of office space, including a reception area, conference room, kitchen, multiple offices, and 1.5 bathrooms. The 2024 rental income for Unit A is $54,793.00. The upper residential space is an established short-term rental with a 2024 income of $28,379.00. This 4-bedroom, 2.5-bath condo features granite countertops, an open-concept kitchen and dining area, and two separate balconies. The property is located directly across from the lighthouse and St. Joe Bay, and less than 1/2 mile from the City Boat ramp. Ample parking is available. The property sits on a lot of approximately 0.07 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port St Joe
    County
    Gulf
    State
    Florida
    Longitude
    -85.306798
    Latitude
    29.814849

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    FAQs

    What type of property is this?
    Mixed-use property - Established commercial space and short-term rental condo with bay views.
    Where is this mixed-use property located?
    The property is located at 115 Sailors Cove Dr Port St Joe, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Established commercial space/rental condo with combined 2024 income of $83,172.00.; - **Stunning bay views** from both the commercial space and residential condo.; - Located in the Village at Marina Cove, steps away from Point South Marina and within walking distance of downtown Port Saint Joe.
    (850) 227-9600
    Request Owner's contact information
    115 Sailors Cove Dr Port St Joe, FL 32456
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Sailors Cove Dr Port St Joe, FL 32456
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