Guesstimate on .5 acre lot S. of 30A ???

[ClintClint]

I'm seeing numbers all over the place and am having a difficult time establishing a fair market value for a particular lot. It's .5 acre south of 30A between Cypress Dunes and Big Redfish Lake. It's on a private paved road and will require a well and septic tank. It's in flood zone X and within the Coastal Barrier Zone. Does anyone care to venture a guesstimate???

 

[joho]

I'm seeing numbers all over the place and am having a difficult time establishing a fair market value for a particular lot. It's .5 acre south of 30A between Cypress Dunes and Big Redfish Lake. It's on a private paved road and will require a well and septic tank. It's in flood zone X and within the Coastal Barrier Zone. Does anyone care to venture a guesstimate???

There's alot of 30A between Cypress Dunes and Big Red Fish Lake..........
Do you mean Stallworth Lake?
Gulfview?

 

[ClintClint]

I meant Draper Lake. I can't find recent comps for any .5 acre lots though. There are plenty of comps for the very small lots in the intensely developed areas, but this is not like that.

 

[GoodWitch58]

that covers a lot of area...where is the lot?

 

[ClintClint]

I'm putting together an offer so you'll understand if I don't identify the exact location. I don't mean to be so elusive about it, but it took about a year to find this. I found that .5 acre south of 30A is pretty rare--- and even harder to value. I hoped that the invaluable experience of the members and their willingness to help might come up with a concensus value.

 

[GoodWitch58]

well, I can understand that...but there is a lot of area between Cypress Dunes at the West End of 30 A and Draper Lake in Blue Mt...a lot depends on location.
a Realtor should be able to help you;

 

[SHELLY]

I'm putting together an offer so you'll understand if I don't identify the exact location. I don't mean to be so elusive about it, but it took about a year to find this. I found that .5 acre south of 30A is pretty rare--- and even harder to value. I hoped that the invaluable experience of the members and their willingness to help might come up with a concensus value.

When did you purchase the lot?

.

 

[ClintClint]

I haven't bought it yet. I'm going to make an offer. I've got my own gut feeling on the value, but the view from up here in Atlanta may be distorted. I hope that the collective wisdom of the members can help.

 

[JoshMclean]

Nobody can give you any decent information without knowing where the lot is. I surely wouldn't take anyone's guesses on it.

 

[ClintClint]

I agree with you Josh 100% because there aren't any comps. I guess it's just whatever the market will pay.