Exceptional Development Opportunity in Miramar Beach

Vacant Land for Sale
Catylist Listing ID: 30745026
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Vacation/Resort, Other
Gross Land Area: 2.20 Acres
Sale Price: $6,799,000
Unit Price: $3,090,454 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2021

Overview / Comments

Exceptional development opportunity ideally located south of US Hwy 98 in Miramar Beach, just one block from the beaches of South Walton. This prominently positioned assemblage includes two southern parcels consisting of separate dwellings, totalling approximately .37 acres together. 336 Holiday Road South is a three bedroom home situated on a .22 acre lot currently zoned single family residential. 344 Holiday Road South is a .15 acre lot, currently zoned residential. Three additional parcels include 66 Cross Creek Road which is over half an acre lot (.60), currently utilized as a single family home with a pool, three bedrooms and 3,048 sq ft of heated and cooled space.

47 Batchelors Button Drive currently has two buildings on the site, both being warehouse spaces, also situated on just over half an acre (.60). One of the buildings offers more than 5,000 sq ft of heated and cooled space and the other yields approximately 600 sq ft of heated and cooled space. This parcel is located on the corner of Ciboney Street and Batchelors Button Drive. Total area for the lot combined offers around 7,000+ sq ft. The final parcel is 296 Holiday Road South; also currently a warehouse on just over half an acre lot (.60) with 3,000 sq ft of heated and cooled space. 296 Holiday Road South has approximately 130+ feet of frontage on Holiday Road; ideal placement for businesses.

South Holiday Road is a prominent connector between US Hwy 98 south to Scenic Highway 98 with through traffic from locals and visitors traveling to and from not only the beach, but numerous other businesses nearby including beach shops, restaurants, CVS pharmacy, etc. This assemblage would be an exceptional place for a multitude of development opportunities including single family housing.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Taxing Authority: Walton County
Tax ID/APN: 30-2S-21-42290-000-1040
Zoning: MIXED USE
Property Located Between: US Hwy 98 and Scenic Hwy 98
Property Visibility: Excellent
Legal Description: The following parcels are part of this listing: 30-2S-21-42290-000-0740 , 30-2S-21-42290-000-0741 , 30-2S-21-42290-000-0730 , 30-2S-21-42290-000-0731 , 30-2S-21-42290-000-0732. (See documents section).
Highway Access: US Hwy 98
Airports: DFW and Destin Executive Airport
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 777 7,015 12,850
Median Age: 51.22 48.14 46.82
Households: 402 3,325 5,981

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