Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    3262 Duke Dr Gulf Breeze, FL 32563

    View on Map
    Claim this Listing
    For Sale
    $194,000

    LAND - Gulf Breeze, FL

    Lot size:
    0.28 Acres
    Added:
    May 25, 2025
    Days on Market:
    348
    Last Refresh:
    May 7 at 8:06 am

    Property Features for 3262 Duke Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    302S28030200B000350
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    BAY RIDGE PARK 2ND ADDITION LOT 35 BLK B AS DES IN OR 4377 PG 177

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Heidy Miner

    Listing agent Heidy Miner

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

    Listing date May 25, 2025

    MLS# 664947 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

    • Direct canal‑front access to Pensacola Bay and the Gulf of Mexico, eliminating marina fees and storage hassles.
    • Located in the desirable Polynesian Islands subdivision, a quiet, established waterfront community.
    • Proximity to Pensacola Beach and downtown Pensacola.
    • Low‑risk FEMA Flood Zone X designation for the majority of the lot.
    • Voluntary HOA with a low annual fee ($50) and access to a private neighborhood boat ramp.
    • Public water and sewer availability.

    Overview

    Gulf Breeze Canal-Front Homesite

    Located in the Polynesian Islands subdivision in Gulf Breeze, Florida, this 0.279-acre canal-front homesite offers direct water access to Pensacola Bay and the Gulf of Mexico. The property is situated in a quiet, established waterfront community, minutes from Pensacola Beach and downtown Pensacola. The lot benefits from paved road frontage and the availability of public water and sewer. A voluntary HOA of $50 per year provides access to a private neighborhood boat ramp. The lot is primarily located in FEMA Flood Zone X (low-risk area), with a small portion near the waterfront potentially within Zone AE. A survey is available for reference. There are no known environmental issues, contamination, or structural concerns, and no reported legal actions, claims, or assessments affecting the property. Standard subdivision covenants and utility easements may apply. This property is suitable for a custom coastal residence, vacation retreat, or investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

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

    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
    -87.0867331
    Latitude
    30.392469

    Nearby Similar for Sale

    • $650,000

      Waterfront Land in Gulf Breeze

      Rare waterfront lot with direct water access to Santa Rosa Sound.
      4503 Brickyard Bayou Rd, Gulf Breeze, FL 32563
      View Details
    • $599,000

      Bayfront Lot in Gulf Breeze

      Rare waterfront lot with build-ready documents in place.
      2952 Coral Strip Pkwy, Gulf Breeze, FL 32563
      View Details
    • $274,000

      Commercially Zoned Land in Gulf Breeze

      Commercial land with high visibility in Gulf Breeze, Florida.
      5840 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $749,000

      Waterfront Land in Gulf Breeze

      Bayfront parcel with new seawall and dock permit.
      1671 Paradise Cove Ct, Gulf Breeze, FL 32563
      View Details
    • $65,000

      Commercial Lot in Gulf Breeze

      Commercially zoned vacant lot in high-traffic Gulf Breeze corridor.
      5836 Gulf Breeze Parkway, Gulf Breeze, FL 32563
      View Details
    • $425,000

      Waterfront Lot in Gulf Breeze

      Half-acre waterfront lot with views in desirable Gulf Breeze location.
      00 Soundview Trail, Gulf Breeze, FL 32561
      View Details
    • $280,000

      Waterfront Lot in Gulf Breeze

      Waterfront lot for custom home with deepwater canal access.
      2943 Coral Strip Pkwy, Gulf Breeze, FL 32563
      View Details
    • $65,000

      Commercially Zoned Vacant Land

      Commercially zoned vacant lot in a high-traffic Gulf Breeze corridor.
      5836 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $425,000

      Waterfront Lot in Gulf Breeze

      Half-acre waterfront lot with stunning views in desirable location.
      Soundview Trl, Gulf Breeze, FL 32561
      View Details
    • $750,000

      Waterfront Lot in Gulf Breeze

      Picturesque waterfront lot ready for your dream home!
      4 Duncan Ave, Gulf Breeze, FL 32561
      View Details
    • $199,700

      Gulf Breeze Canal-Front Lot

      Buildable 0.2-acre lot with direct access to the Bay.
      3212 Duke Dr lot: 74, Gulf Breeze, FL 32563
      View Details
    • $220,000

      Waterview Corner Lot in Gulf Breeze

      Prime corner lot with waterview ready for your custom vision.
      4162 Madura Road, Gulf Breeze, FL 32563
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.279-acre canal-front homesite in Gulf Breeze, Florida.
    Where is this waterfront land located?
    The property is located at 3262 Duke Dr Gulf Breeze, FL.
    What is the asking price?
    The asking price for this property is $194,000.
    What are key features of this property?
    This property features: Direct canal‑front access to Pensacola Bay and the Gulf of Mexico, eliminating marina fees and storage hassles.; Located in the desirable Polynesian Islands subdivision, a quiet, established waterfront community.; Proximity to Pensacola Beach and downtown Pensacola.
    (850) 637-6664
    We can help!
    Listing Contact
    Heidy Miner
    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
    3262 Duke Dr, Gulf Breeze, FL 32563
    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!