Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bay-View Lot with Boat Slip Title is generated by Realmo AI

    40 Endeavour Drive, Panacea, FL 32346

    View on Map
    Claim this Listing
    For Sale
    $84,000

    LAND - Panacea, FL

    Lot size:
    0.17 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    66
    Last Refresh:
    May 8 at 8:06 pm

    Property Features for 40 Endeavour Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    12129-08-6S-01W-302-04863-A40
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    903

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    Joshua Brown
    Joshua Brown

    Listing agent Joshua Brown License #3029165

    Listing office Waypoint Properties FL

    Listing date Mar 3, 2026

    MLS# 396806 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

    • Deepwater boat slip "P" with 12,000 lb boat lift included and already installed.
    • Bay‑view and pond front lot in gated waterfront community.
    • Access to luxury community pool and pool house.
    • Enjoy the 400‑foot long community fishing pier.
    • Close proximity to Mashes Sands Beach and boat launch.
    • Prime location within Tradewinds community, near boat slip, pool, and pier.

    Overview

    This 0.17-acre building lot offers bay views and pond frontage, complete with a deepwater boat slip "P" and a 12,000 lb boat lift already installed. Located in the gated waterfront neighborhood of Tradewinds, residents have access to a luxury pool and pool house, a 400-foot-long fishing pier, and individual boat slips. The property is conveniently situated close to the boat lift, community pool, and pier, offering easy access to adventures along the forgotten coast. Mashes Sands Beach and the boat launch are accessible by golf cart or bike. The annual HOA dues are $2460, with additional boat slip HOA dues of $600 annually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Hotel & Motel Department Store Food Market HVAC Service Grocery & Convenience Store Bar & Pub Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3911
    Latitude
    30.0223

    Nearby Similar for Sale

    • $300,000
      1,200 SF

      Panacea Commercial Land on US-98

      High-visibility commercial parcel in a growth corridor on US-98.
      886 Coastal Highway, Panacea, FL 32346
      View Details
    • $284,900
      1,788 SF

      Panacea Commercial Property with Bay View

      Commercial property in Panacea, FL, with highway frontage and upgrades.
      1629 Coastal Hwy, Panacea, FL 32346
      View Details
    • $375,000
      1,200 SF

      Commercial Storefront with Studio Apartment

      Commercial storefront with studio apartment on Highway 98.
      82 Coastal Highway, Panacea, FL 32346
      View Details
    • $30,000

      Prime Commercial Lots on Highway

      Two commercial lots in Panacea, FL, on high-traffic Highway 98.
      Coastal Highway lot: 4 & 5, Panacea, FL 32346
      View Details
    • $30,000

      Panacea, FL Commercial Land

      Two commercial lots in Panacea, FL, on high-traffic Highway 98.
      Coastal Highway lot: 4 & 5, Panacea, FL 32346
      View Details
    • $27,500

      Waterfront Land in Gated Community

      Premier lots in a gated community near Ochlockonee Bay.
      Surf Rd lot: 78, Panacea, FL 32346
      View Details
    • $425,000

      Waterfront Lot in Panacea, FL

      Vacant bay front lot ready for your dream waterfront home.
      Sunrise Lane, Panacea, FL 32346
      View Details
    • $49,500

      Waterfront Land in Gated Community

      Premier lots in a gated community near Ochlockonee Bay.
      Surf Rd lot: 20, Panacea, FL 32346
      View Details
    • $49,000

      Waterfront Land in Panacea, FL

      Partially cleared 0.37 acre lot across from Ochlockonee Bay.
      River Drive lot: 11, Panacea, FL 32346
      View Details
    • $249,900

      Ochlockonee Bay Waterfront Lot

      Deep water bayfront lot with unspoiled views and great fishing.
      Surf Road, Panacea, FL 32346
      View Details
    • $185,000

      Waterfront Land in Panacea, Florida

      0.65-acre waterfront lot with direct water access and utilities.
      Chattahoochee Street lot: 1 & 2, Panacea, FL 32346
      View Details
    • $349,000

      Prime Land in Coastal Panacea

      Versatile land with highway frontage, ideal for development.
      Division Street, Panacea, FL 32346
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot with deepwater boat slip and lift included.
    Where is this waterfront land located?
    The property is located at 40 Endeavour Drive Panacea, FL.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: Deepwater boat slip "P" with 12,000 lb boat lift included and already installed.; Bay‑view and pond front lot in gated waterfront community.; Access to luxury community pool and pool house.
    (850) 528-6385
    We can help!
    Listing Contact
    Joshua Brown
    Joshua Brown
    Real Estate License ID: 3029165
    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
    40 Endeavour Drive, Panacea, FL 32346
    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!