Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Parcel in NatureWalk Community Title is generated by Realmo AI

    Creekdown Ln lot 9, Jay, FL 32565

    View on Map
    Claim this Listing
    For Sale
    $300,000

    LAND - Jay, FL

    Lot size:
    9.12 Acres
    Added:
    Apr 1, 2023
    Days on Market:
    1159
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for Creekdown Ln lot 9

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    173N290000001000000
    Lot size
    9.12 Acres

    Taxes and HOA fees

    Tax Description
    The legal description is part of the survey. The survey is available in the document section.

    Utilities

    Water front features
    Waterfront, Creek
    Water front
    1

    We can help!

    Listing Contact
    Tamara Korec

    Listing agent Tamara Korec

    Listing office KELLER WILLIAMS REALTY GULF COAST 800 Langley Avenue, Pensacola, FL

    Listing date Apr 1, 2023

    MLS# 624620 Listing URL

    Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large, private 9.12‑acre parcel in a prestigious community.
    • Located in NatureWalk at Pond Creek, a sought‑after community launched in 2023.
    • Features a 0.5‑acre mulched homesite with diverse mature trees.
    • Pond Creek located at the back of the property.
    • Community offers high‑speed internet, paved roads, and scenic common areas.
    • Conveniently located near shopping, restaurants, hospitals, and outdoor recreational areas.

    Overview

    Located in NatureWalk at Pond Creek, a land community in Northwest Florida, this 9.12-acre parcel is situated in a cul-de-sac on Creekdown Ln. Launched in 2023, the community spans 653 acres with 100 lots ranging from 2 to 15+ acres. The property features a 0.5-acre mulched homesite with mature pines, oaks, magnolia trees, and other vegetation surrounding the creek area. Pond Creek is located at the back of the property. The community features curved and paved roads, high-end landscape features, common areas in a scenic natural environment, and high-speed internet. As of July 2025, approximately 50 of the 100 parcels have been sold. NatureWalk at Pond Creek is located near stores, restaurants, and hospitals, and is centrally located for outdoor activities such as freshwater fishing and boating in the Blackwater River, and the Gulf Coast beaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jay
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1225
    Latitude
    30.8872

    Nearby Similar for Sale

    • $450,000
      4,000 SF

      Spacious Building on 6 Acres

      4,000 SF building on 6 acres in Jay, Florida.
      2828 Harvest Rd, Jay, FL 32565
      View Details
    • $150,000

      5-Acre Land Parcel in Jay, FL

      5-acre parcel ideal for farm, homestead, or private retreat.
      Dunsford Rd, Jay, FL 32565
      View Details
    • $450,000
      4,000 SF

      Versatile Building on Peaceful Acres

      4,000 sq ft building on 6 acres in Jay, Florida.
      2828 Harvest Road, Jay, FL 32565
      View Details
    • $49,900

      Land Parcel in Rural Setting

      3.3+/- acre parcel with potential for various uses.
      St. Hwy 4 Beck Avenue lot: 2, Jay, FL 32565
      View Details
    • $199,900

      13 Acres in Jay, FL

      13 acres suitable for residential or commercial development in Jay.
      13 acres Hwy 4, Jay, FL 32565
      View Details
    • $105,000

      5-Acre Wooded Property in Jay

      5-acre wooded property with cleared area near Escambia River.
      Mineral Springs Rd, Jay, FL 32565
      View Details
    • $215,000

      11.98 Acres in Jay, FL

      Two parcels totaling 11.98 acres in a peaceful countryside setting.
      Mineral Springs Rd, Jay, FL 32565
      View Details
    • $149,000

      Vacant Land in Jay, Florida

      3.65 acres of pristine land, perfect for custom build.
      Chumuckla Hwy, Jay, FL 32565
      View Details
    • $377,700

      Expansive Land Parcel in Jay, FL

      22.09 acres of land offering privacy and potential.
      Harvest Rd, Jay, FL 32565
      View Details
    • $514,900

      34.85 Acres in Jay, FL

      34.85-acre property with wooded and cleared land, ready to build.
      2801 Whistler Ln, Jay, FL 32565
      View Details
    • $3,500,000

      Waterfront Land with RV Potential

      320.545+/- acres with river frontage and RV infrastructure.
      2610 Highway 4, Jay, FL 32565
      View Details
    • $49,900

      Land on State Hwy 4

      3.3 +/- acre parcel with potential for various uses.
      State Hwy 4 lot: 2, Jay, FL 32565
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 9.12-acre lot in a prestigious Northwest Florida community.
    Where is this residential land & home lot located?
    The property is located at Creekdown Ln lot 9 Jay, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Large, private 9.12‑acre parcel in a prestigious community.; Located in NatureWalk at Pond Creek, a sought‑after community launched in 2023.; Features a 0.5‑acre mulched homesite with diverse mature trees.
    (850) 471-5000
    We can help!
    Listing Contact
    Tamara Korec
    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

    Thank You for Inquiry
    Creekdown Ln lot: 9, Jay, FL 32565
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!