Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bayfront Lot in Lynn Haven Title is generated by Realmo AI

    601 N Bay Drive, Lynn Haven, FL 32444

    View on Map
    Claim this Listing
    For Sale
    $850,000

    Rare 0.8-acre waterfront lot with Gulf access.

    Lot size:
    0.88 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    217
    Last Refresh:
    Mar 19 at 8:33 pm

    Property Features for 601 N Bay Drive

    General Information

    Standard status
    Active
    Lot size
    0.88 Acres

    We can help!

    Listing Contact
    THE SANCHEZ GROUP

    Listing agent THE SANCHEZ GROUP

    Listing office THINK REAL ESTATE

    Listing date Oct 30, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of THINK REAL ESTATE

    HighLights

    • Rare 0.8‑acre bayfront lot in Lynn Haven.
    • 110 feet of pristine waterfront with direct Gulf of Mexico access.
    • Ideal for boating, fishing, and coastal living.
    • Ample space for a custom home, pool, and dock.
    • Located in the desirable North Bay area.
    • Stunning natural scenery and privacy.

    Overview

    This 0.8-acre bayfront lot is located in Lynn Haven, Florida, in the North Bay area. The property features 110 feet of waterfront with lot dimensions of 145x264, offering direct access to the Gulf of Mexico. The property is suitable for building a custom home, pool, and dock. The lot offers views and privacy with natural scenery. The property is located in the heart of Lynn Haven.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Accounting Firm Kitchen & Bath Showroom Bakery Nursing Home Car Rental Facility Nursing Home Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynn Haven
    County
    Bay
    State
    Florida
    Longitude
    -85.617114
    Latitude
    30.254776

    Nearby Similar for Sale

    • $825,000
      6,419 SF

      Lynn Haven Flex/Warehouse Space

      Versatile flex/warehouse space in central Lynn Haven location.
      1119 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $84,900

      Versatile Lot in Growing Community

      Land with residential and commercial potential in Lynn Haven.
      1404 Virginia Avenue, Lynn Haven, FL 32444
      View Details
    • $84,900

      Versatile Lot in Growing Community

      Commercial lot with high visibility and flexible zoning potential.
      1404 Virginia Avenue, Lynn Haven, FL 32444
      View Details
    • $550,000

      Prime Commercial Lot in Lynn Haven

      Commercial lot with 250' frontage, ideal for various businesses.
      1306 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $285,000

      Water View Homesite in Lynn Haven

      Spacious homesite with water views and no HOA restrictions.
      744 N Bay Drive, Lynn Haven, FL 32444
      View Details
    • $699,000

      Waterfront Land in Lynn Haven, FL

      Pristine waterfront property with bay views, ready to build.
      4740 Baywood Drive, Lynn Haven, FL 32444
      View Details
    • $150,000

      Residential Lot in Lynn Haven

      Spacious residential lot in a desirable Lynn Haven area.
      Maryland Avenue, Lynn Haven, FL 32444
      View Details
    • $132,000

      Residential Lot in Lynn Haven

      Spacious residential lot in a desirable Lynn Haven area.
      Maryland Avenue, Lynn Haven, FL 32444
      View Details
    • $398,000
      2,537 SF

      Lynn Haven Duplex Opportunity

      Move-in ready duplex in Lynn Haven, ideal for various buyers.
      1411 Minnesota Avenue, Lynn Haven, FL 32444
      View Details
    • $84,900

      Flexible Development Lot with Visibility

      Versatile lot with strong roadway exposure, supporting single-family, duplex, and select commercial development opportunities.
      1404 Virginia Avenue, Lynn Haven, FL 32444
      View Details
    • $575,000

      Residential Lot in Growing Area

      Vacant residential lot in Lynn Haven, close to amenities.
      1520 Ohio Avenue, Lynn Haven, FL 32444
      View Details
    • $235,000

      Waterfront Homesite in Lynn Haven

      Prime waterfront lot ready for your dream home.
      311 Meadowview Terrace, Lynn Haven, FL 32444
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare 0.8-acre waterfront lot with Gulf access.
    Where is this waterfront land located?
    The property is located at 601 N Bay Drive Lynn Haven, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Rare 0.8‑acre bayfront lot in Lynn Haven.; 110 feet of pristine waterfront with direct Gulf of Mexico access.; Ideal for boating, fishing, and coastal living.
    (850) 270-4200
    We can help!
    Listing Contact
    THE SANCHEZ GROUP
    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
    601 N Bay Drive, Lynn Haven, FL 32444
    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!