LARGE WATERFRONT ESTATE OR RESIDENTIAL DEVELOPMENT OPPORTUNITY

Vacant Land for Sale
Catylist Listing ID: 29983482
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 6.36 Acres
Sale Price: $349,500
Unit Price: $54,952 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/23/2019

Overview / Comments

UNIQUE WATERFRONT DEVELOPEMENT OR LARGE ESTATE PROPERTY. This is one of the few larger developable parcels left on Bayou Grande and is perfect for a large estate like the one next door to it or a waterfront residential development. With the addition of 4 Coast Guard Cutters at NAS and many high level personnel coming to Corry Station for Homeland Security, that part of town will need more housing and soon! About 3/4 of the parcel is not in the official flood zone and with the restricted MDR zoning this 6+ acres could be developed into about 18 homes that would NOT be in flood zone or wetlands. More Navy & retirees are coming into this area and another waterfront residential community is now needed on Bayou Grande, a great fishing and boating Bayou that's close to the Gulf of Mexico. This part of Bayou Grande is very beautiful and fishing is great! There is County right-of-way access but the road was never built. The Gerald Road County right-of-way continues to the east along the north boundary of the parcel to access the property. Property is wooded and could be transformed into a great waterfront community with community dock. The western property line can be seen from the end of Wade Ave on the other side of the cleared property and home that lies there. The distance from the corner of Wade & Gerald to the northwest corner is about 310 feet.
Information presented is believed to be true but Buyer should perform own due diligence and check info presented for accuracy.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 33-2S-31-1000-001-089
Zoning: MDR
Legal Description: Escambia County Property Appraiser 332S311000001089 - Full Legal Description LTS 38 40 41 & 61 BLK A & W 1/2 OF 5TH AVE ADJ LTS 38 TO 41 & 61 & AILEEN AVE N OF LT 61 BLK A GULF BEACH MANOR PB 1 P 16 OR 1017 P 776 LT 89 LESS GULF BEACH MANOR DB 327 P 331 BEYREUTH S/D PLAT DB 74 P 100 SEC 33/4 T2/3S R31 OR 2997 P 356
Largest Nearby Street: GULF BEACH HWY
Feet of Frontage: 340
Airports: Pensacola Inernational
Site Description: OPPORTUNITY FOR A SUPER PRIVATE WATERFRONT ESTATE TO A FINE WATERFRONT DEVELOPMENT WITH UP TO 18 HOMES! ABOUT 18 UNITS POSSIBLE DUE TO US NAVY ZONING RESTRICTIONS. CONTACT LISTING AGENT FOR MORE INFO.
Area Description: GROWING WITH MORE NAVY PRESENCE AS WELL AS RETIREES. BAYOU GRANDE IS A BEAUTIFUL BAYOU FOR FISHING & BOATING. ONE OF THE BEST FOR KAYAKING AND CANOEING IN THE AREA.
Lot Frontage: 340
Zoning Description: MEDIUM DENSITY RESIDENTIAL - 10 UNITS PER ACRE
In Flood Plain?: Yes
Topography: Level
Soil Type: Mixed
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,763 31,568 71,919
Median Age: 36.5 34.11 35.27
Households: 1,643 11,866 26,548

Contact

Photograph of Listing Agent

Warren Ted Brown

Real Estate Counselors, Inc. Gulf Coast CMLS Member
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