Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Coastal Homesite in Gated Community Title is generated by Realmo AI

    173 Lightining Bug Lane, St Teresa, FL 32358

    View on Map
    Claim this Listing
    New
    For Sale
    $55,000

    LAND - St Teresa, FL

    Lot size:
    0.30 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 9:06 pm

    Property Features for 173 Lightining Bug Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Brush, Cleared
    Standard status
    Active
    APN
    12037-35-06S-03W-1000-0000-0423
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    317

    We can help!

    Listing Contact
    Debbie Brett

    Listing agent Debbie Brett License #3294336

    Listing office Keller Williams Town & Country FL

    Listing date Jun 2, 2026

    MLS# 400719 Listing URL

    Copyright © 2026 Tallahassee Board 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

    • Homesite lot in St Teresa within the gated community of SummerCamp
    • Just steps from the private Beaches of SummerCamp
    • Access to world‑class fishing and nearby amenities
    • Nearby championship golf course, tennis, and pickleball
    • Boat launch nearby
    • Community pool and clubhouse available

    Overview

    This for-sale homesite lot offers a turnkey foundation for coastal living, with approximately 0.3 acres to plan your build. The property is positioned just steps from the private beaches of the gated community of SummerCamp, designed for a relaxed, resort-forward lifestyle surrounded by natural scenery.

    Located in St Teresa, Florida, the lot benefits from convenient access to outdoor recreation and everyday needs. Residents can enjoy access to world-class fishing, while nearby amenities include grocery options and restaurants, plus a championship golf course. Additional community and area recreation opportunities noted with the lifestyle include tennis, pickleball, a boat launch, and on-site community pool and clubhouse amenities.

    For buyers looking to create a personal beach and nature retreat, this lot is well suited to those who want immediate access to private beachfront within a planned, amenity-rich environment. It also fits investors and second-home buyers seeking a residential home lot in a gated community where the emphasis is on outdoor recreation, community gathering spaces, and an easy, resort-style day-to-day.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    St Teresa
    County
    Wakulla
    State
    Florida
    Longitude
    -84.490848
    Latitude
    29.915695

    Nearby Similar for Sale

    • $75,000

      St Teresa Land Near Beach

      Secluded beach-lovers retreat near untouched white-sand beach.
      3493 Firefly Circle, St Teresa, FL 32358
      View Details
    • $84,900

      St Teresa Land Near Beach

      Land in gated community, short walk to the beach.
      160 Bunkhouse Drive, St Teresa, FL 32358
      View Details
    • $69,900

      Land in SummerCamp Beach, FL

      Residential land on Florida's Gulf Coast, near Apalachee Bay.
      147 WINDING TRAIL Way lot: 388 - East, St Teresa, FL 32358
      View Details
    • $2,500,000

      Waterfront Land in St Teresa

      Coastal waterfront property on 1.5+ acres with exceptional elevation.
      4380 Saint Teresa Avenue, St Teresa, FL 32346
      View Details
    • $65,000

      Coastal Land in St Teresa, FL

      Residential land to build your dream coastal home in St Teresa.
      3469 Firefly Circle lot: 125 - West, St Teresa, FL 32358
      View Details
    • $176,000

      Coastal Lot in Summercamp East

      0.34-acre lot in Summercamp East with community amenities.
      158 OAK DUNE Lane, St Teresa, FL 32358
      View Details
    • $59,000

      Residential Homesite in Gated Community

      Land in a distinctive gated beach community with rental flexibility.
      133 Fish Hook Way, St Teresa, FL 32358
      View Details
    • $79,000

      Coastal Paradise Corner Lot

      0.57-acre corner lot in gated Summer Camp Beach community.
      134 Fish Hook Way, St Teresa, FL 32358
      View Details
    • $59,000

      St. Teresa Homesite Opportunity

      Vacant land in gated community with beach access and rental potential.
      133 Fishhook Way, St. Teresa, FL 32358
      View Details
    • $84,900

      Residential Lot Near Beach

      Interior lot in gated community, near beach, ideal vacation home.
      131 Lightning Bug Lane, St Teresa, FL 32358
      View Details
    • $119,900

      Land Near Beach in St. Teresa

      Residential land near the beach with community amenities.
      130 Turkey Point lot: 366-E, St Teresa, FL 32358
      View Details
    • $84,900

      St. Teresa Land Near Beach

      Residential lot in gated community, near beach, greenspace views.
      160 Bunkhouse Dr, St. Teresa, FL 32358
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your coastal getaway on a homesite near private beach access and resort-style community amenities.
    Where is this residential land & home lot located?
    The property is located at 173 Lightining Bug Lane St Teresa, FL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Homesite lot in St Teresa within the gated community of SummerCamp; Just steps from the private Beaches of SummerCamp; Access to world‑class fishing and nearby amenities
    (850) 210-8036
    We can help!
    Listing Contact
    Debbie Brett
    Real Estate License ID: 3294336
    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

    Thank You for Inquiry
    173 Lightining Bug Lane, St Teresa, FL 32358
    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!