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St. Martin County, LA · Sold

LA-591977

362 County Road 241

$14,900
$5,478/ac · 2.72 ac
Acreage2.72 ac
Price per acre$5,478/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedJan 10, 2024
Coordinates30.0567, -91.4991
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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

St. Martin County, Louisiana. Timber and marsh-adjacent tracts; drainage defines usable acreage.

View St. Martin market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
50
Moderate risk
Wetlands24.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.0%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power64 ft away

Power at or near the road.

Buildable area1.95 of 2.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,370
$10,710$14,030 · $4,548/ac on 2.72 ac
Asking vs estimate
+20.5%
Priced above the comp set

Weighted from 6 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 $14,900
Maximum allowable offer
$7,068
$2,599/ac · +30.0% target margin

You need $7,832 off asking to hit this margin.

All-in cost$7,669
Net resale$11,380
Projected profit$3,711
ROI+48.4%
Annualized+69.3%
Break-even resale$3,065/ac
Profit if resale lands off target
-20%
$1,435
-10%
$2,573
0%
$3,711
+10%
$4,850
+20%
$5,988
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
LA-541726
Landlocked · Power at road
2.3Dec 29, 2024$9,5004,1834,4493.0 mi
82
LA-162253
Dirt · Power at road
3.3Jun 19, 2024$19,0005,7264,9671.9 mi
74
LA-582684
Paved · Off grid
4.5Aug 16, 2025$25,4005,6014,0268.2 mi
67
LA-453529
Paved · Power at road
8.4Mar 17, 2025$50,0005,9723,83712.1 mi
58
LA-290335
Paved · Off grid
0.8Jul 14, 2024$6,6007,9695,7669.3 mi
54
LA-253553
Paved · Full utilities
8.5Mar 17, 2024$67,1007,8634,31110.3 mi
53
Show adjustment detail for the top comp
  • Market time (20 mo)+6.8%

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.