Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Homesite in Sunny Hills Community Title is generated by Realmo AI

    Eastbrook Drive lot 5, Chipley, FL 32428

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Chipley, FL

    Lot size:
    0.27 Acres
    Added:
    May 30, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for Eastbrook Drive lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Resid Single Family
    Standard status
    Active
    APN
    00000000-02-0254-0005
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    SUNNY HILLS UNIT #2 LOT 5 ORB 1257 P 825 BLK 0254

    We can help!

    Listing Contact
    Tina N Marsh

    Listing agent Tina N Marsh License #3485020

    Listing office Keller Williams Realty FWB 11 Racetrack Rd NE #A, Destin, FL

    Listing date May 30, 2026

    MLS# 1004329 Listing URL

    Copyright © 2026 Emerald Coast 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

    • Large .269‑acre homesite in established Sunny Hills community.
    • Power and water available at the road; only septic system needed.
    • No HOA fees with access to community amenities: golf course, clubhouse, spring‑fed lakes with beaches.
    • Conveniently located approximately 45 minutes from Panama City Beach and the airport.
    • Opportunity to purchase two neighboring lots for expanded acreage.
    • Close to shopping, dining, and medical facilities in Chipley (20 miles).

    Overview

    This 0.269-acre homesite is located in the established community of Sunny Hills. Power and water are available at the road, requiring only a septic system for development. This property presents an opportunity for builders, investors, or those seeking to enjoy Northwest Florida living. Sunny Hills is noted for its natural beauty and recreational amenities, including an 18-hole golf course, clubhouse, and spring-fed lakes with clear water and sandy beaches suitable for swimming, boating, and fishing. There are no HOA fees. The location is approximately 45 minutes from Panama City Beach, Pier Park, and Northwest Florida Beaches International Airport. Shopping, dining, medical facilities, and other conveniences in Chipley are about 20 miles away. This property offers value in a growing Northwest Florida community. Two neighboring lots are also available for purchase, providing the opportunity to expand the homesite or increase privacy, creating nearly an acre of land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.589793
    Latitude
    30.529347

    Nearby Similar for Sale

    • $110,000

      6.71 Acres with Natural Spring

      Rare opportunity: 6.71 acres with natural spring in Chipley.
      3333 Peppervine Place, Chipley, FL 32428
      View Details
    • $699,999

      Expansive Land in Chipley, Florida

      117-acre tract ideal for investment, hunting, or private homestead.
      Goodman Hill Road, Chipley, FL 32428
      View Details
    • $699,999

      Expansive Acreage in Chipley, Florida

      117-acre tract ideal for investment, hunting, or private homestead.
      Goodman Hill Road, Chipley, FL 32428
      View Details
    • $475,000
      2,682 SF

      Established Restaurant with Multiple Income

      Family-owned restaurant with diverse income streams on Highway 77.
      5163 Highway 77, Chipley, FL 32428
      View Details
    • $5,000,000

      320 Acres in Chipley, Florida

      320-acre agricultural property with investment and development potential.
      1328 O'Connell Lane, Chipley, FL 32428
      View Details
    • $11,897

      Vacant Mixed Use Lot

      0.23-acre mixed-use lot in Sunny Hills, Washington County, FL.
      Parkview Drive, Chipley, FL 32428
      View Details
    • $44,900

      Commercial Lot on Washington Blvd

      Oversized commercial lot suitable for medical-related building.
      Lot 26 Unit 6 Blk 365 WASHINGTON Blvd, Chipley, FL 32428
      View Details
    • $279,900

      Versatile Land with Pond View

      22-acre property with pond, well, septic, and RV hookups.
      107 Pike Pond Road, Chipley, FL 32428
      View Details
    • $150,000

      Commercial Land in Sunny Hills

      Three contiguous lots designated for hospital or medical use.
      Lockwood Drive, Chipley, FL 32428
      View Details
    • $4,204,000
      7,003 SF

      Updated Burger King For Sale

      Burger King with new master lease in tax-free Florida.
      1698 Main St, Chipley, FL
      View Details
    • $199,900

      Land on Highway 77, Chipley

      2.48 acres on Hwy 77, suitable for business.
      5750 FL-77, Chipley, FL 32428
      View Details
    • $3,200,000

      Established Gas Station For Sale

      Gas station with convenience store in high-traffic location.
      1699 Main Street, Chipley, FL 32428
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.269-acre homesite in Sunny Hills, near Panama City Beach.
    Where is this residential land & home lot located?
    The property is located at Eastbrook Drive lot 5 Chipley, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large .269‑acre homesite in established Sunny Hills community.; Power and water available at the road; only septic system needed.; No HOA fees with access to community amenities: golf course, clubhouse, spring‑fed lakes with beaches.
    (850) 974-5016
    We can help!
    Listing Contact
    Tina N Marsh
    Real Estate License ID: 3485020
    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
    Eastbrook Drive lot: 5, Chipley, FL 32428
    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!