I find it funny how Kuppy is bullish on FL land. I don't know if anyone on here has covered it, but Kuppy himself bought a waterfront condominium in FL in 2014 for ~$500K & today the units in that building sell for >$2M. ~$1,600-$2,000/sqft which is in Miami Beach & the price is a function of this location being hot.
Looking at listings in Bay County, where JOE has part of their, I could find land retailing for as high as ~$930K/acre & as low as ~$40K/acre depending on how much of that is trees, flat land, closeness to the ocean etc. I think with that in mind, his price range of $57,500 to $92,200 an acre makes sense to me considering some of this is waterfront & some deadbeat land.