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

    Wide Water Cir lot 68 Wewahitchka, FL 32465

    View on Map
    Claim this Listing
    For Sale
    $47,000

    LAND - Wewahitchka, FL

    Lot size:
    1.17 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    227
    Last Refresh:
    May 6 at 2:06 pm

    Property Features for Wide Water Cir lot 68

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03450340R
    Lot size
    1.17 Acres

    Taxes and HOA fees

    Tax Description
    WETAPPO SUB PB 5 PGE 36 LOT 68 ORB 564/145 FR CENTENNIAL BANK MAP 27D

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    Adrian Welle

    Listing agent Adrian Welle License #3353990

    Listing office Waves & Woods Realty, Llc 3300 Hwy 98 Suite 104, Mexico Beach, FL

    Listing date Sep 22, 2025

    MLS# 320799 Listing URL

    Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.17‑acre lot in a tranquil, gated community.
    • Located by a large pond and adjacent to HOA Common Area, offering spaciousness and privacy.
    • Enjoy excellent fishing and leisurely walks around the pond.
    • Community boat launch provides convenient access to Wetappo Creek.
    • Access to Redfish Lodge.
    • Utilities available: Electricity.

    Overview

    Wetappo Preserve 1.17-Acre Lot

    This 1.17-acre lot is located in the Wetappo Preserve's rural subdivision. Situated by the big pond and adjacent to the HOA Common Area, the lot offers spaciousness and privacy. The gated community provides access to the nature and serene surroundings that define Wetappo. Residents can enjoy fishing, walks over the pond, and the Redfish Lodge. The community boat launch offers access to Wetappo Creek. The property is located in Wewahitchka, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wewahitchka
    County
    Gulf
    State
    Florida
    Longitude
    -85.3340044
    Latitude
    30.0000231

    Nearby Similar for Sale

    • $500,000
      1,404 SF

      Wewahitchka Commercial Property on Hwy

      2.2 acre commercial property with building on Hwy 22.
      1523 Hwy 22, Wewahitchka, FL 32465
      View Details
    • $208,000
      155,422 SF

      Highway 71 Commercial Land Opportunity

      3.56 acres on Highway 71, ready for development.
      1021 Hwy 71 S, Wewahitchka, FL 32456
      View Details
    • $114,900

      10 Acre Homesite in Wewahitchka

      Wooded 10-acre parcel suitable for various housing options.
      Idlewood Dr lot: 8, Wewahitchka, FL 32465
      View Details
    • $129,900

      Wooded 10-Acre Parcel in Wewahitchka

      10-acre wooded parcel near Gulf Coast, suitable for various homes.
      Idlewood Dr lot: 9, Wewahitchka, FL 32465
      View Details
    • $24,900

      Wewahitchka Homesite in Gated Community

      1.65-acre homesite with creek access near Mexico Beach.
      Wide Water Cir lot: 17, Wewahitchka, FL 32465
      View Details
    • $42,500

      2-Acre Parcel in Wetappo Preserve

      Residential land with community amenities and coastal access.
      Wide Water Cir lot: 179, Wewahitchka, FL 32465
      View Details
    • $80,000

      Land in Gulf County Farms

      4-acre lot near Wewahitchka, Florida, for building or recreation.
      6520 Ganley Rd, Wewahitchka, FL 32465
      View Details
    • $19,000

      Wewahitchka Land Near Gulf

      Spacious lot near Wewahitchka and Gulf Coast beaches.
      Little River Cir lot: 11, Wewahitchka, FL 32465
      View Details
    • $250,000

      Commercial Land on Hwy 22

      1.34 acre commercial property with highway exposure.
      1523 Hwy 22, Wewahitchka, FL 32465
      View Details
    • $23,450

      Cleared Lot in Wewahitchka, FL

      Spacious cleared lot near lakes and Gulf Coast beaches.
      703 W River Road, Wewahitchka, FL 32465
      View Details
    • $129,900

      Corner Lot with Utilities Ready

      Nearly one-acre lot with utilities, ideal for home or retreat.
      580 Cr- 381, Wewahitchka, FL 32465
      View Details
    • $199,000

      Expansive Land Near Gulf Coast

      20 acres of versatile land near coastal recreation.
      Idlewood Dr, Wewahitchka, FL 32465
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.17-acre lot in Wetappo Preserve with community amenities.
    Where is this residential land & home lot located?
    The property is located at Wide Water Cir lot 68 Wewahitchka, FL.
    What is the asking price?
    The asking price for this property is $47,000.
    What are key features of this property?
    This property features: 1.17‑acre lot in a tranquil, gated community.; Located by a large pond and adjacent to HOA Common Area, offering spaciousness and privacy.; Enjoy excellent fishing and leisurely walks around the pond.
    (320) 420-6228
    We can help!
    Listing Contact
    Adrian Welle
    Real Estate License ID: 3353990
    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
    Wide Water Cir lot: 68, Wewahitchka, FL 32465
    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!