Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ready-to-Build Land in Driftwood Estates Title is generated by Realmo AI

    199 Buck Road, Santa Rosa Beach, FL 32459

    View on Map
    Claim this Listing
    For Sale
    $279,000

    Over half an acre ready for a custom beach house.

    Added:
    Apr 25, 2025
    Days on Market:
    405
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 199 Buck Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    BRIAN CLOWDUS

    Listing agent BRIAN CLOWDUS

    Listing office COUNTS REAL ESTATE GROUP INC

    Listing date Apr 25, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COUNTS REAL ESTATE GROUP INC

    HighLights

    • Over half an acre of prepared land in Driftwood Estates.
    • Ready to build with existing concrete slab and swimming pool with screened enclosure.
    • Option to work directly with a builder who has plans ready to go.
    • Located on a dead‑end road offering peace and privacy.
    • Convenient to both Destin and 30A on the Emerald Coast of Florida.
    • Situated in the desirable Driftwood Estates community.

    Overview

    This property presents a significant opportunity to build a custom beach house in Driftwood Estates. The lot, situated on over half an acre of prepared land on a peninsula, offers peace and privacy on a dead-end road with a neighborhood Florida vibe. It is ready to build, featuring an existing concrete slab, a swimming pool, and a screened-in pool enclosure. There is also an option to work directly with a builder who has plans ready to go. Located on the Emerald Coast of Florida, the Driftwood Estates community is conveniently located near both Destin and 30A, sitting on the border of Miramar Beach and Santa Rosa Beach, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Gym & Fitness Center Auto Repair Shop Skin Care Clinic Accounting Firm Big Box & Wholesale Store Kitchen & Bath Showroom Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3092
    Latitude
    30.409

    Nearby Similar for Sale

    • $650,000

      Waterfront Land on Hogtown Bayou

      0.4-acre waterfront homesite with 250+ feet on Hogtown Bayou.
      Harley Road, Santa Rosa Beach, FL 32459
      View Details
    • $1,275,000
      5,270 SF

      Premier Homesite in Watercolor

      Homesite with approved plans in Watercolor's Park District, Phase V.
      72 String Lily Cove, Santa Rosa Beach, FL 32459
      View Details
    • $1,100,000

      Scenic Highway 30A Development Opportunity

      0.30-acre lot for mixed-use development near the Gulf.
      6745 W County Hwy 30A, Santa Rosa Beach, FL 32459
      View Details
    • $429,600

      Waterfront Land in Santa Rosa

      Canal-front homesite with direct bay access for building your dream home.
      Pisces Drive lot: 8, Santa Rosa Beach, FL 32459
      View Details
    • $245,000

      Wooded Lot Near Choctawhatchee Bay

      Corner lot near bay with utilities, no HOA, convenient location.
      E Nursery Rd lot: 18, Santa Rosa Beach, FL 32459
      View Details
    • $650,000
      520 SF

      Seagrove Homesite South of 30A

      Homesite in Seagrove, near Gulf, Eastern Lake, and 30A.
      187 Williams Street, Santa Rosa Beach, FL 32459
      View Details
    • $995,000

      Coastal Lot with Gulf Views

      Vacant lot with Gulf views in Santa Rosa Beach, FL.
      Seahorse E Circle, Santa Rosa Beach, FL 32459
      View Details
    • $4,290,000

      Santa Rosa Beach Land Opportunity

      7+ acres on US Highway 98 in Santa Rosa Beach.
      5416 W US Highway 98, Santa Rosa Beach, FL 32459
      View Details
    • $799,000

      Development Land with Townhome Potential

      Flexible development parcel offering a mix of single-family lots or a 12-townhome community with previously approved documentation.
      E Point Washington Road, Santa Rosa Beach, FL 32459
      View Details
    • $289,900

      Santa Rosa Beach Land Parcels

      Three combined parcels near 30A, ideal for coastal retreat.
      151 Don Bishop Road, Santa Rosa Beach, FL 32459
      View Details
    • $550,000

      Waterfront Homesite in Eden Bay

      Waterfront land with bay views and mature trees.
      Adair lot: 9, Santa Rosa Beach, FL 32459
      View Details
    • $1,375,000

      Santa Rosa Beach Land Parcel

      0.36 acre parcel in gated community near Scenic 30A.
      N Heritage Dunes Lane lot: 22, Santa Rosa Beach, FL 32459
      View Details

    FAQs

    What type of property is this?
    Land - Over half an acre ready for a custom beach house.
    Where is this land located?
    The property is located at 199 Buck Road Santa Rosa Beach, FL.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Over half an acre of prepared land in Driftwood Estates.; Ready to build with existing concrete slab and **swimming pool with screened enclosure**.; Option to work directly with a builder who has plans ready to go.
    (850) 249-1414
    We can help!
    Listing Contact
    BRIAN CLOWDUS
    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
    199 Buck Road, Santa Rosa Beach, FL 32459
    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!