000 N Pearl Street

Vacant Land for Sale
Catylist Listing ID: 30865422
Gross Land Area: 9.53 Acres
Sale Price: $1,355,000
Unit Price: $142,182 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/29/2024

Overview / Comments

PHASE II of Arbor Lake includes 91 (formerly entitled) units of townhome density with single-car garages planned on 9.53 majestic acres offering panoramic views of Arbor Lake from a multi-tiered topography reminiscent of the hill country of North Georgia. Phase II of Arbor Lake comes with all engineering work, the lift station for both phases of development under City management, a pristine lake, 50% of underground infrastructure for 74 units of planned density, and 100% of all horizontal improvements, inclusive of underground infrastructure; sewer, water, storm water drainage, roads, curbs, pool and pool house, street lights, and entrance sign for 17 townhome units.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,300 24,358 38,482
Median Age: 32.47 36 35.28
Households: 924 9,027 14,167

Contact

Photograph of Listing Agent

Craig Barrett

NBI Properties, Inc. Gulf Coast CMLS Member
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