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 |
| Zoning: |
CONSERVATION RESIDENTIAL & LOW DENSITY RESIDENTIAL |
| 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 |
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 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
