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Bay County, FL · Sold

FL-398845

9672 County Road 359

$1,713,400
$6,279/ac · 273 ac
Acreage273 ac
Price per acre$6,279/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedMay 13, 2024
Coordinates30.2348, -85.4536
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Bay County, Florida. Rural interior counties absorbing metro overflow; the country's hottest lot market.

View Bay market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
2
Low risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope4.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,209 ft of deeded road frontage.

Power92 ft away

Power at or near the road.

Buildable area253.52 of 272.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,979,281
$1,425,082$2,533,480 · $7,254/ac on 273 ac
Asking vs estimate
-13.4%
Priced below the comp set

Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $1,713,400
Maximum allowable offer
$1,131,018
$4,145/ac · +30.0% target margin

You need $582,382 off asking to hit this margin.

All-in cost$1,227,155
Net resale$1,820,939
Projected profit$593,784
ROI+48.4%
Annualized+69.2%
Break-even resale$4,888/ac
Profit if resale lands off target
-20%
$229,596
-10%
$411,690
0%
$593,784
+10%
$775,878
+20%
$957,972
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
FL-438476
Paved · Power at road
208.9Jul 27, 2026$2,996,40014,34611,2937.9 mi
86
FL-758187
Dirt · Power at road
169.4Jul 27, 2026$1,125,2006,6426,7715.1 mi
84
FL-548161
Dirt · Off grid
166.3Jul 27, 2026$622,8003,7464,4709.3 mi
75
FL-529189
Dirt · Off grid
350.1Jun 26, 2025$1,064,4003,0404,6868.8 mi
71
FL-969681
Dirt · Full utilities
500.0Nov 7, 2025$2,237,8004,4765,2677.8 mi
68
FL-939299
Paved · Power at road
379.1Nov 10, 2024$3,551,0009,3669,38611.9 mi
67
FL-367744
Gravel · Power at road
122.9Nov 29, 2024$1,202,0009,7798,4238.5 mi
65
Show adjustment detail for the top comp
  • Tract size (208.87 ac → 272.87 ac)-7.3%
  • Access (Paved → Gravel)-15.3%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.