9-Acres Residential Land

Vacant Land for Sale
Catylist Listing ID: 30708100
Property Subtypes: Residential (Single Family)
Gross Land Area: 9 Acres
Sale Price: $550,000
Unit Price: $61,111 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

Excellent opportunity to purchase +/- 9 acres of residential land in Niceville, FL. The +/- 9 acre site is located in one of the most established, affluent areas of Niceville. The site is adjacent to Turkey Creek Park and is in close proximity to the hospital, the NW FL college, schools, the Destin/Ft Walton airport, and numerous residential developments. The property is zoned R-1 Residential Single Family which allows 5 dwelling units per acre, per the zoning code and subject to county/city approval. This is an excellent site for a single-family residence or a developer opportunity to subdivide the property and sell individual lots or single-family homes. The Turkey Creek, natural forest, and wetlands surrounding the property will serve as the perfect natural amenities for a potential residential development and/or for homeowners. The population growth in Niceville has skyrocketed in the last decade and continues to be a strong housing market due to its location being minutes of the world's largest air force base, new developments, and all of the desirable features Niceville has to offer.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 01-1S-23-0000-0020-0000 & 01-1S-23-0000-0020-0010
Zoning: R-1
Site Description: 9 Acres for development.
Area Description: The property is located near Eglin Golf course, Twin Cities hospital, restaurants, professional and medical offices, storage facilities, single-family and multifamily residential buildings, assisted living facilities, and several new developments. The property is less than 10 minutes to Eglin Airforce Base, which is the largest military base in the country. Northwest Florida State College is located within minutes of the property and has approximately 6,700 students enrolled. A unique aspect of the property is having the Turkey Creek Park, a beautiful nature preserve, located directly south of the acreage.
Zoning Description: R-1 Low-density residential zoning district. The purpose of the residential zoning districts is to provide for predominantly suburban residential uses ranging from low to medium densities, to accommodate and support non-residential uses, and to protect these areas from the encroachment of incompatible uses. The R-1A and R-1 single-family residential districts are established for the purpose of providing and preserving areas of single-family, low intensity development at a maximum density of five (5) dwelling units per acre in areas deemed suitable because of compatibility with existing development and/or the environmental character of the areas. (Per county/city zoning, buyer to confirm with county/city.)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,178 20,639 33,001
Median Age: 34.04 40.77 41.85
Households: 959 8,143 12,990
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