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    Bayfront Lot in Gulf Breeze Title is generated by Realmo AI

    2952 Coral Strip Pkwy, Gulf Breeze, FL 32563

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    Claim this Listing
    For Sale
    $599,000

    LAND - Gulf Breeze, FL

    Lot size:
    0.54 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    28
    Last Refresh:
    May 17 at 5:06 pm

    Property Features for 2952 Coral Strip Pkwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    302S285687000000220
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Description
    WHISPER BAY 6TH ADD LOT 22 ASDES IN OR 3689 PG 2

    Utilities

    Water source
    Public
    Water front features
    Waterfront, Beach Access
    Water front
    1

    We can help!

    Listing Contact
    Miriam Rogers

    Listing agent Miriam Rogers License #150970

    Listing office Poppy Properties LLC 2160 Reservation Road, Pensacola Beach, FL

    Listing date Apr 20, 2026

    MLS# 681304 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

    • Rare 101 feet of bayfront property in Gulf Breeze with stunning sunset and sunrise views.
    • Includes a complete set of engineered house plans designed for hurricane‑force winds and within height/elevation limits.
    • Full survey, elevation certificate, foundation/roof engineering, and water/sewer availability letter included.
    • Electric is on‑site, erosion control fencing is installed, fire district impact fee is paid, and fill is in place.
    • Voluntary HOA with no mandatory assessments or heavy restrictions; bring your boat, trailer, and RV.
    • Close to Santa Rosa County schools, shopping, dining, Pensacola Beach, and the Gulf of Mexico; strong vacation rental potential.

    Overview

    This rare bayfront lot in Gulf Breeze, Florida, features 101 feet of waterfrontage and a complete set of build-ready documents. Located in Santa Rosa County, the cleared parcel offers views of western sunsets and sunrises over the bay. Engineered house plans are included, designed for raised construction 8 feet above grade on wood pilings, engineered for hurricane-force winds, and sized to stay under the 35-foot height limit and within elevation requirements. A full survey with setbacks and MHWL, an elevation certificate, foundation and roof engineering, and a water and sewer availability letter are also included. Electric is on site, erosion control fencing is installed, the fire district impact fee is paid, and fill is in place. The neighborhood has a quiet, established feel. The subdivision operates under a voluntary HOA, so participation is optional and there are no mandatory assessments or heavy restrictions. Santa Rosa County schools, shopping, and dining are close, with Pensacola Beach and the Gulf of Mexico a short drive away. This 0.54-acre waterfront land in Gulf Breeze has vacation rental potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.097985
    Latitude
    30.394567

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    FAQs

    What type of property is this?
    Waterfront Land - Rare waterfront lot with build-ready documents in place.
    Where is this waterfront land located?
    The property is located at 2952 Coral Strip Pkwy Gulf Breeze, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Rare 101 feet of bayfront property in Gulf Breeze with **stunning sunset and sunrise views.**; Includes a complete set of engineered house plans designed for hurricane‑force winds and within height/elevation limits.; Full survey, elevation certificate, foundation/roof engineering, and water/sewer availability letter included.
    (850) 637-6664
    We can help!
    Listing Contact
    Miriam Rogers
    Real Estate License ID: 150970
    Learn More
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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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