415 ACRE ECO RESORT AND VENUE IN MILTON, FL

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: 6/19/2024

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.

FINANCIALS
Please call the listing agent for financials.

ACCOMMODATIONS
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.

LANDSCAPE
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.

RESTORATION
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.

POTENTIAL GRANT
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.
Area Description: Beach city/Military town - Western tip of Florida Panhandle on Pensacola Bay along the Gulf Coast. October, April and November are the most pleasant months in Allentown, while July and August are the least comfortable months. Rural Agriculture land surrounding this parcel..Great place to live and raise a family. As the north end of Santa Rosa County continues to grow, the Jay community looks for ways to vamp industry, residential development and community pride. Recognizing the growth happening in Santa Rosa County, community leaders have embarked on building a multi-million dollar sports complex at Bray- Hendricks Park. The proposed improvements include playground equipment replacement and other improvements for various recreational sports and will also include an outdoor fitness court. Progress was made when the Santa Rosa County Board of County Commissioners unanimously approved $1 Million of funding toward the $3 Million project. They were also awarded a $1,500 grant from the Florida League of Mayors to upgrade their Marketplace. Santa Rosa County's population boomed during the past decade, growing more than 24%, according to the 2020 Census numbers released in August 2020. The county expanded by 36,628 residents during the past 10 years to bring its total population to an even 188,000 people and added more residents than any other county in the Florida Panhandle.
Nearby Attractions: 7 Miles: Zip Adventures- Zip lines, programs, and activities with 250 canoes, 100 kayaks, 500 tubes, and 10 stand-up paddle boards for customer use. Adventures Unlimited also has nearly 100 acres on its Wilderness Resort location campgrounds for groups and individuals, a catering facility, group retreat cabins (which holds up to 70 people), private cabins, a playground, a nature trail, sports fields and a volleyball court. 15 Miles: Carpenter's Park- Riverside public park with a boat ramp 17 Miles: Bagdad Mill Site Park- Historic riverside park with kayak launch. And Sweetwater Suspension Bridge- Tourist Attraction. 20 Miles: Blackwater River State Park- Canoeing, camping and more. 40 Miles: Gulf Breeze Zoo, and various attractions of Gulf Breeze and Navar Beach. 68 Miles from various attractions and beaches in Pensacola, FL.
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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Contact

Photograph of Listing Agent

Patty Helton-Davis

PHD Realty, LLC. Gulf Coast CMLS Member
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