Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    77 Hwy 98 Eastpoint, FL 32328

    For Sale
    $899,000

    Prime Eastpoint, FL waterfront land

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 1.85-acre waterfront property in Eastpoint, Florida, presents a unique development opportunity. Located at 77 Hwy 98 W, this site boasts 242 feet of direct frontage on the picturesque Apalachicola Bay, offering breathtaking views and unparalleled access to the water. Previously the location of Elena on the Bay Condominiums, the property is currently zoned R-7, allowing for a variety of potential uses. Significant groundwork has already been completed, with pilings already in place for the construction of eighteen bayfront condominiums. Additional pilings are also present, suggesting the possibility of incorporating a storage area into the development plan. A previously permitted walkway provides a foundation for a potential elevated deck overlooking the stunning bay. This property's prime location, existing infrastructure, and expansive waterfront access make it an ideal investment for developers seeking to capitalize on the high demand for waterfront properties in this desirable coastal area. The existing pilings represent a substantial cost savings for any future construction project. The R-7 zoning offers flexibility for a range of development options, allowing for creative and profitable ventures. This is a rare opportunity to acquire a fully prepared waterfront site ready for immediate development. Don't miss this chance to build your dream project in a stunning bayfront location.

    Property Features for 77 Hwy 98

    General Information

    Property type
    Other commercial real estate
    Lot Size
    80,586 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eastpoint
    County
    Franklin County
    State
    Florida
    Longitude
    -84.90074
    Latitude
    29.73594

    Nearby Similar for Sale

    • $1,100,000
      2,842 SF

      St. George Island Commercial Building

      Renovated two-story commercial building near beaches, shops, and restaurants.
      123 W Gulf Beach Dr, Eastpoint, FL 32328
      View Details
    • $750,000
      2,924 SF

      Eastpoint Mixed-Use Commercial Property

      Mixed-use property with retail space and upstairs apartment in Eastpoint.
      101 Hwy 98 W, Eastpoint, FL 32328
      View Details
    • $699,000
      2,040 SF

      Prime Commercial Space, St. George Island

      High-visibility commercial property in central St. George Island, Florida.
      140 W 1St St, Eastpoint, FL 32328
      View Details
    • New
      $1,399,000
      4,140 SF

      St. George Island Mixed-Use Building

      Mixed-use property with commercial space and residential unit.
      163 E Gulf Beach Dr, Eastpoint, FL 32328
      View Details
    • $795,500
      7,620 SF

      Eastpoint, FL Commercial Property

      Commercial property with living quarters in Eastpoint, Florida.
      203 Hwy, Eastpoint, FL 32328
      View Details
    • $800,000
      1,400 SF

      Waterfront Cottages Investment Opportunity

      Income-producing property with waterfront cottages and RV hookup near St. George Island.
      332 Patton Dr, Eastpoint, FL 32328
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Eastpoint, FL waterfront land
    Where is this commercial real estate located?
    The property is located at 77 Hwy 98 Eastpoint, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    (850) 567-3139
    Request Owner's contact information
    77 Hwy 98 Eastpoint, FL 32328
    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.
    77 Hwy 98
    Eastpoint, FL 32328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    77 Hwy 98 Eastpoint, FL 32328
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.