Indian Creek of Destin, Inc.
...a development company

Rosemary Sound

Rosemary Sound, Florida Appraisal Price: $22,000,000
Sale Price: $12,500,000
Acreage: 100+ acres
Water Frontage: 1200 ft
Hwy 98 Frontage: 1000 ft

Approved Density: 715 units (14 month DCA density process complete)

Location: Between Fort Walton Beach and Pensacola Florida in Navarre,
6 miles West of Navarre Bridge


Survey: Available

Zoning: Planned Unit Development

Schools: Santa Rosa County Schools

Details:
  • All mitigation property has been purchased
  • Wetlands near highway not part of mitigation (can be used for commercial mitigation)
  • All Corp and DEP permits for bridge and wetland crossing complete
  • Only waiting on county building permit for Bridge (needs to be applied for)
  • $23 Million CDD approved by all agencies
  • Santa Rosa County currently has road impact fees of $2090.00 per unit
  • Fire District has impact fees of $247.00 per unit
Best Use:
  • 250 Apartments (for later conversion to condo)
  • 100 Slip Basin Marina
  • Townhomes and Single Family Lots
  • Property could be combined with 500 acres on North side of Hwy 98 for a Golf Course/Waterfront Community

Rosemary Sound: Plat Map | Area Map





Current Projects | Rental/Lease Property | Properties for Sale | About Us | E-Mail Us | Home Page

Indian Creek of Destin, Inc.
John A. King, Sr., President
P.O. Box 6773
Destin, Florida 32550
 
Office: 850-837-6777
Fax: 850-837-6707
E-mail inquiries to info@destindevelopment.com
 
 
© 2002-2008. All rights reserved.
CYber SYtes, Inc. - Web SYtes by Design