503 Deer Point Dr Active Save Request In-Person Tour Request Virtual Tour
Gulf Breeze,FL 32561
Key Details
Property Type Vacant Land
Sub Type Land/Acreage
Listing Status Active
Purchase Type For Sale
Subdivision Deer Point
MLS Listing ID 653773
HOA Y/N No
Originating Board Pensacola MLS
Lot Size 0.336 Acres
Acres 0.336
Lot Dimensions 94x160
Property Sub-Type Land/Acreage
Property Description
This property represents an incredible investment opportunity in a highly desirable waterfront location. Don't miss your chance to own a property priced below its appraised value with significant potential for future gains. The only thing missing? You. BREAK GROUND TODAY – Permits are DONE. No waiting, no stress, just ACTION. The current owner has done all the work for you. State and federal permits? Approved. Site plan? Cleared. You have a unique opportunity to secure a stunning waterfront lot at 503 Deer Point for $899,000, priced below its appraised value of $920,000. By purchasing this property, you are instantly gaining immediate equity, offering you exceptional value compared to other properties in the area. Whether you are looking to build your dream home or make a smart investment, this lot offers a great financial opportunity. By purchasing below the appraised value, you immediately benefit from built-in equity. Should the market shift upward, you could see a return on your investment even before construction begins. If you are considering financing, the reduced asking price helps ensure that your loan-to-value ratio works in your favor. Lenders are likely to be more comfortable approving loans on a property priced below its appraised value, as this gives them confidence that the property is worth the amount they are lending. Additionally, the reduced asking price can help offset other financial considerations, such as closing costs or renovation expenses (if you plan to develop or make changes to the property). Purchasing this lot below market value gives you more flexibility to allocate funds for future improvements, making it an even more attractive investment.
Location
State FL
County Santa Rosa
Zoning Res Single
Exterior
Waterfront Description Bay,Rip Rap
View Y/N Yes
View Bay,Gulf,Sound
Building
Faces From Shoreline Drive, take Chesapeake. Then go left on Deer point Dr.
Water Public
New Construction No
Others
Tax ID 093S29091000A000320