Price
Several factors to consider
1.  Property sold in area  ON THE RIVER ... just land      no house
     617 N. Beach ...July 2006.....SOLD... $1,125,000
     567 N. Beach ...July 2006.....SOLD....$2,096,000
     825 N. Beach ...March 2006.SOLD....$1,500,000
  
2.   6 parcels to the South and 20 parcels to the  North       ON THE RIVER are appraised for taxes well over        $1,000,000
3.   Location, Location
     a.  On the Halifax River
     b.  2 miles to Atlantic Ocean
     c.  On historic Old Dixie Highway
     d.  Quiet residential neighborhood
     e.  Memorial Hospital  4.5 min
     f.   Fire station 4 blocks
     g.  Fire hydrant 45feet 

With recent CMAs of  1.4m you can close in 60days for $1.35m
Beware  "Home Smart Reports" and County Property Appraisers Offices

                 They are 100%  WRONG
After checking  15   nearby sales from April 2006  in a 2000ft  circle
the average  sale price was 2.16 times higher then Assessment ,  the highest 346%
Rate 850
Rate 9450
Rate 9500
Rate 1700
Rate 15500
Land has different values depending where it is ... Just 50 feet  could make a 10x change ..that's why River Front And Ocean Front property are priced higher
Across the river on John Anderson a 150ft x 350ft lot is listed for $3,200,000.00 valued at $3,640,000.00
On the ocean a 100ft wide lot with house is listed for
$3,990,000.00