Hospitality for Sale
Also listed as Business Opportunity, Special Purpose
Catylist Listing ID: 30860060
Property Subtypes: Recreation Cabins, Resort, Vacation Rental(s), Other
Number of Units: 19 Units
Building Size (RSF): 8,425 SF
Gross Building Area: See Agent
Gross Land Area: 414.69 Acres
Sale Price: $6,200,000
Unit Price: $326,315.79 Per Unit
Property Use Type: Business
Building Name: Coldwater Gardens
Name of Establishment: Coldwater Gardens
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 2/7/2024

Overview / Comments

Milton, FL - Discover the enchanting Coldwater Gardens, a thriving 415+/- acre Agri-Tourist destination in the heart of Santa Rosa County. As of Feb. 2024, there are 21 weddings and 6 events scheduled for 2024. With a 5-Star Rating on Wedding Wire, Coldwater Gardens is the perfect wedding/event venue & retreat for individuals, organizations, or companies. Offering a unique setting for relaxation amidst nature, much of the property is federally recognized as part of a biodiverse hotspot & offers 7 mi of mixed-use trails, 1.7 mi of creek frontage, events venue, stunning gardens & RV Park potential.

The current sellers have focused on realizing the full potential of this unique property, putting money into updating the accommodations, plus adding add'l accommodations/amenities. From 2022 to 2023, they have:

* Built 2 of 3 new canopy cottages;
* Resurfaced roads on property & Poured 4 slabs with septic & rough-in plumbing on 3 of the slabs for additional cabanas; framing has started on the 4th slab for a check-in/office/store;
* Purchased add'l 57.16 acres on the north end of the property, adding acreage & prime creek frontage;
* Remodeled bathroom in tiny house & cabana; Cabana got a new a/c unit in bedroom & bathroom;
* Tiny house got a new roof;
* Installed New windows & stairs on treehouse.
* Added Bridal Suite next to the outdoor gardens & ceremony space, a community bonfire area & hammock lounge.

Approx. 32 ac contain the camping accommodations & 2320 sqft Terrace/Office, where weddings & events can be held. The venue comes equipped with a prep kitchen featuring a high-end gas stove, 100lb ice maker & plenty of prep space for caterers. The 2 seating options include 70-80 people inside & 40-50 on a covered patio.

The luxurious guest accommodations feature (5) Cottage Cabins, (2) Newly built Canopy Cottages; (1) Bridal Suite; (1) treehouse designed by renowned German architect Andreas Wenning, (1) Cabana & (1) tiny home.

The remaining sites are camping in style at any of the (6) Glamping Sites accompanied by a bathhouse; (2) creekside camping platforms & (1) Stargazing Platform to truly enjoy nights under the stars. Coldwater Gardens welcomes its guests to experience a culture of restoring & rebuilding the delicate ecosystems on this property, reconnecting them with their inner environmentalists.

The Venue was used for 15 Weddings averaging $7000 per event, offering the potential to contribute much more with 150 inquiries coming from The Knot & Wedding Wire vendor marketplaces. Most of the nightly rental business comes from the weekends. Utilities average $2300 per month. Tax benefits come with the conservation easement.

Diverse terrain featuring forestlands, gardens, orchards, and more. A number of areas host various species of pitcher plants. Organic gardens are available to see unique agriculture techniques like aquaponics. The Aquaponics Greenhouse features a closed-loop system in which waste produced by fish supplies nutrients for plants to grow hydroponically, which purifies the water. There is also a pollinator garden, vegetable greenhouse, seedling greenhouse & chicken coups. An automated-louvered wood-burning furnace circulates hot water to 2 greenhouses for winter heating.

In the past, the property was intensively managed for pulpwood & is currently being restored back to ecological health using various techniques including the planting of 40,000 Longleaf pines to bring back the native ecosystem. Expenses for restoration are $15K-20K each year on burning, planting, road/burn break maintenance.

Property is currently eligible to receive a 5 yr, transferrable grant for $85/acre that can be used for land restoration over the next 5 yrs.

For additional information, please see the documents. You don't want to miss this opportunity to own a one-of-a-kind eco-retreat and venue in Milton, FL!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County, FL
Tax ID/APN: 35-4N-28-0000-00100-0000, 26-4N-28-0000-00101-0000 & 26-4N-28-0000-00102-0000
Zoning: P2 / AG-RR
Retail Clientele: General, Family, Business, Tourist, Recreation, Other
Property Located Between: Berrydale & Allentown
Property Visibility: Good
Largest Nearby Street: Lewis St/Hwy 87
Traffic/Vehicle Count: 3,000
Highway Access: Hwy 87, Hwy 4, I-10
Airports: Pensacola International - 34 mi; Milton Airport - 19 mi. Several other small/private use airports in a 20 mile radius.
Site Description: 414.69 acres. over 9,000 ft (1.7 mi) of creek frontage on Big Coldwater Creek. 3 designated Sandbar areas along the creek. See Additional Property Info in documents for more detailed information about the landscape of the property.
Total Number of Buildings: 15
Number of Stories: 1
Property Condition: Excellent
Year Built: 2012
Year Renovated: 2022
Construction/Siding: Other
Water Recreation: Other
Exterior Description: See Additional Property Info in documents for more detailed information
Parking Type: Surface
Parking Description: Parking around the event venue, garden, south sandbar, and bathhouse. Gravel parking lot.
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Interior Description: See Additional Property Info in documents for more detailed information
Zoning Description: Active Park / Rural Residential Agriculture. See Documents.
Lot Frontage: IRR
Lot Depth: IRR
Water Service: Other
Sewer Type: Septic
Easements: Ingress/Egress
Land Ownership: Fee Simple
Legal Description: (3) Parcels # 35-4N-28-0000-00100-0000, 26-4N-28-0000-00101-0000 & 26-4N-28-0000-00102-0000

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Photograph of Listing Agent

Patty Helton-Davis

PHD Realty, LLC. Gulf Coast CMLS Member
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