92-Acre Waterfront Land Opportunity

Vacant Land for Sale
Catylist Listing ID: 30798837
Property Subtypes: Residential (Single Family), Other
Gross Land Area: 92 Acres
Sale Price: $23,500,000
Unit Price: $255,434 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2023

Overview / Comments

We are pleased to offer this exclusive waterfront residential land opportunity in Santa Rosa Beach, FL. Located on the beautiful Hogtown Bayou in the Choctawhatchee Bay, the property features over 1,552 feet of water frontage with unobstructed views. The property is an assemblage of 3 parcels and is +/- 92 acres of vacant residential land. This property offers exclusivity and tranquility in one of South Walton's most coveted locations. The breathtaking stretches of the bay, beautiful moss-draped trees, and surrounding nature serve as the perfect natural amenities for a luxury residential development or conservation land. The site is zoned Conservation Residential and Low-Density Residential, which allows for various residential uses of the property. The previous owner obtained a preliminary Planned Unit Development and plans for a 128-lot development on a 74-acre portion of the property. The DEP and Corp of Engineers previously issued a permit for the proposed development, which has expired. The owner acquired an additional 18-acre expansion parcel, which would be an excellent location for a clubhouse and additional lots on the upland portions of the property. The density allowed for the property is subject to the local municipality's planning and approval process.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 20-2S-20-33300-000-0050, 20-2S-20-33300-000-0052, 20-2S-20-33300-000-0090
Property Located Between: Alderberry Rd & E Hewett Rd
Property Visibility: Good
Airports: Destin-Fort Walton Beach Airport (VPS), Destin Executive Airport (DTS)
Area Description: The property is nestled along the Choctawhatchee Bay off of Alderberry Road, just north of Hwy 98 and 30A. Santa Rosa Beach is one of the area's most desirable markets to reside, with high-end shopping, fine-dining restaurants, beautiful beaches, and entertainment within minutes away. There are numerous golf courses close by, such as Watersound Origins, Camp Creek, Santa Rosa Golf & Beach Club, Seascape, Raven, and Burnt Pine Golf Club. The property is minutes away from Topsail Hill Preserve State Park, Ascension Medical Group Sacred Heart Hospital, Sandestin, Publix, Grand Boulevard, and local schools. The property is 3 miles from Van R Butler Elementary, 11 miles from Destin Middle School and Emerald Coast Middle School, and 8 miles from South Walton High School. Experience the luxury and beauty the Gulf Coast offers with this incredible waterfront land opportunity.
In Flood Plain?: Yes
Easements: Preservation
Available Utilities: Water, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,510 9,171 11,439
Median Age: 36.63 41.06 43.19
Households: 610 3,844 4,962


Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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