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Okaloosa County, FL · Sold

FL-446294

1805 County Road 229

$303,500
$7,060/ac · 42.99 ac
Acreage42.99 ac
Price per acre$7,060/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedOct 10, 2023
Coordinates30.6584, -86.4920
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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

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

View Okaloosa market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope14.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power1,412 ft away

Service extension needed; get a utility quote.

Buildable area32.43 of 42.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$278,573
$231,936$325,209 · $6,480/ac on 42.99 ac
Asking vs estimate
+8.9%
Priced above 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 $303,500
Maximum allowable offer
$159,184
$3,703/ac · +30.0% target margin

You need $144,316 off asking to hit this margin.

All-in cost$172,715
Net resale$256,287
Projected profit$83,572
ROI+48.4%
Annualized+69.3%
Break-even resale$4,367/ac
Profit if resale lands off target
-20%
$32,315
-10%
$57,944
0%
$83,572
+10%
$109,201
+20%
$134,830
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
FL-216146
Paved · Full utilities
38.6May 18, 2025$745,40019,3007,9951.4 mi
78
FL-916217
Paved · Off grid
40.7Jan 28, 2025$435,60010,7126,5065.6 mi
76
FL-235434
Dirt · Power at road
23.1Mar 14, 2026$261,60011,3427,0065.5 mi
72
FL-897080
Dirt · Off grid
76.0Mar 17, 2025$529,4006,9676,5763.0 mi
70
FL-944677
Paved · Off grid
13.3Dec 9, 2025$153,30011,5085,7731.8 mi
69
FL-707430
Dirt · Off grid
97.9Sep 9, 2024$662,8006,7706,9259.5 mi
65
FL-827987
Gravel · Power at road
146.6Sep 27, 2025$769,5005,2504,1754.0 mi
63
Show adjustment detail for the top comp
  • Tract size (38.62 ac → 42.99 ac)-2.0%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (15 mo)+5.2%

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.