Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    371 Bent Tree Rd Cape San Blas, FL 32456

    View on Map
    Claim this Listing
    For Sale
    $274,500

    LAND - Cape San Blas, FL

    Lot size:
    0.68 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 28 at 9:06 pm

    Property Features for 371 Bent Tree Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Natural State
    Pets allowed
    Yes
    Standard status
    Active
    APN
    06345916R
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    S 25 T 8 R 12 LOT 19 SECLUDED DUNES BEING PART OF ORB 229/146 FR BARRIER DUNES DEVELOPMENT CORP MAP# 5A
    Tax Annual Amount
    2125

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Tommy And Jennie Lake

    Listing agent Tommy And Jennie Lake

    Listing office Cape San Blas Realty, Inc. 4320 Cape San Blas Road, CAPE SAN BLAS, FL

    Listing date Mar 9, 2026

    MLS# 321257

    Copyright © 2026 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

    Cape San Blas Homesite

    This private homesite is located on the North Cape, directly adjacent to the St. Joseph Peninsula State Park. The parcel is 0.6843 of an acre, allowing room for a pool and fire pit. County building height limits at 50 ft. will allow for a 3 story home. A boat launch for deep water access is located approximately 5 minutes away at Eagle Harbor. Recorded easements are in place allowing for construction of a boardwalk directly to the beach access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Travel Agency Bed & Breakfast Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape San Blas
    County
    Gulf
    State
    Florida
    Longitude
    -85.3998103
    Latitude
    29.7578854

    Nearby Similar for Sale

    • $599,000

      Commercial Mixed-Use Lot For Sale

      Cleared, level lot with Gulf and Bay access.
      Cape San Blas Rd lot: 4A, Cape San Blas, FL 32456
      View Details
    • $699,000

      Gulf Front Land Opportunity

      Beautiful gulf front lot in desirable Two Palms subdivision.
      116 W Seascape Dr, Cape San Blas, FL 32456
      View Details
    • $335,000

      Cape San Blas Homesite

      Residential homesite steps to the Gulf of America.
      166 Cozumel Dr, Cape San Blas, FL 32456
      View Details
    • $495,000

      Cape San Blas Land Opportunity

      Flood zone X lot with Gulf and Bay views.
      Gulf Hibiscus Dr lot: 24, Cape San Blas, FL 32456
      View Details
    • $389,000

      Cape San Blas Land Opportunity

      Beach access, community amenities, and investment potential in Ovation.
      139 W Ovation Dr, Cape San Blas, FL 32456
      View Details
    • $649,900

      Bayfront Land with Dock Access

      1.38 acres with dock, bay and Gulf access.
      4244 Cape San Blas Rd, Cape San Blas, FL 32456
      View Details
    • $729,000

      Gulf-View Homesites on Cape San Blas

      Two homesites near St. Joseph Peninsula State Park.
      150/138 Sanuk Dr, Cape San Blas, FL 32456
      View Details
    • $649,900

      Gulf-Front Lot in Indian Pass

      Cleared 0.58-acre Gulf-front lot with direct beach access.
      2704 Indian Pass Rd, Cape San Blas, FL 32456
      View Details
    • $419,000

      Gulf View Homesite on Cape

      First tier homesite with Gulf views in Planter's Cove.
      Planters Way lot: 7, Cape San Blas, FL 32456
      View Details
    • $399,900

      Gulf View Homesite on Cape

      First tier homesite with Gulf views in Planter's Cove.
      Planters Way lot: 5, Cape San Blas, FL 32456
      View Details
    • $319,000

      Gulf & Bay View Homesite

      Premier homesite with Gulf and Bay views and deeded beach access.
      Cape San Blas Rd lot: 22, Cape San Blas, FL 32456
      View Details
    • $369,000

      Cape San Blas Land Opportunity

      0.25 acres with Gulf views, no HOA, X flood zone.
      4533 Cape San Blas Rd, Cape San Blas, FL 32456
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Secluded homesite near St. Joseph Peninsula State Park.
    Where is this residential land & home lot located?
    The property is located at 371 Bent Tree Rd Cape San Blas, FL.
    What is the asking price?
    The asking price for this property is $274,500.
    What are key features of this property?
    This property features: Directly adjacent to St. Joseph Peninsula State Park, offering unparalleled access to nature and beaches; Large .66 acre parcel with room for a pool and fire pit; No HOA or property owner fees
    (850) 227-8388
    We can help!
    Listing Contact
    Tommy And Jennie Lake
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!