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    Residential Land Near Gulf Access Title is generated by Realmo AI

    216 Buccaneer Dr, Port St Joe, FL 32456

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    Claim this Listing
    For Sale
    $189,900

    LAND - Port St. Joe, FL

    Lot size:
    0.16 Acres
    Added:
    May 6, 2026
    Days on Market:
    32
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 216 Buccaneer Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Pets allowed
    Yes
    Standard status
    Active
    APN
    03798460R
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    GULF AIRE SUBD. PHASE II LOT PORT OF 6 BLK G ORB 771/763 FR COLLEY ET AL MAP 16C
    Tax Annual Amount
    1438

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Grant Haddock
    Grant Haddock

    Listing agent Grant Haddock License #3467385

    Listing office Pristine Properties, Llc - Csb 4693 Cape San Blas Rd, PORT ST. JOE, FL

    Listing date May 6, 2026

    MLS# 327801 Listing URL

    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.

    HighLights

    • Private, gated beach access with pristine shoreline, sugar‑white sands, and emerald waters.
    • Located in the highly desirable X Flood Zone, requiring no flood insurance.
    • Situated in the Gulf Aire community, known for its quiet streets and friendly atmosphere.
    • Community amenities include a pool, tennis courts, and playground.
    • Conveniently located between Port St. Joe and Mexico Beach, offering shopping, restaurants, and recreational activities.
    • Opportunity to build a full‑time residence, second home, or investment property.

    Overview

    Located at 216 Buccaneer Rd in the Gulf Aire community, this lot offers an opportunity to build a coastal retreat. The property is situated in a beachside neighborhood known for its quiet streets and access to the Gulf. Residents can take a short walk to the community's private gated beach, which features shoreline with sands and waters. The property is located in the X Flood Zone, which requires no flood insurance. This homesite is suitable for a full-time coastal residence, a second home, or an investment property. Gulf Aire is a subdivision that combines coastal living with amenities. Residents have deeded beach access through a private gate, a community pool, tennis courts, and a playground. The property is positioned between Port St. Joe and Mexico Beach, offering shopping, seafood restaurants, marinas, fishing, boating, kayaking, and year-round events. This lot of 0.163 acres allows to secure a slice of Florida's Gulf Coast. It is located in Port St. Joe, FL, 32456.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Port St Joe
    County
    Gulf
    State
    Florida
    Longitude
    -85.373382
    Latitude
    29.913225

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Gulf Aire community with private beach access.
    Where is this residential land & home lot located?
    The property is located at 216 Buccaneer Dr Port St Joe, FL.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Private, gated beach access with pristine shoreline, sugar‑white sands, and emerald waters.; Located in the highly desirable X Flood Zone, requiring no flood insurance.; Situated in the Gulf Aire community, known for its quiet streets and friendly atmosphere.
    (850) 340-1234
    We can help!
    Listing Contact
    Grant Haddock
    Grant Haddock
    Real Estate License ID: 3467385
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    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.

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