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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)
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| Location: |
Between Fort Walton Beach and Pensacola Florida in Navarre, 6 miles West of Navarre Bridge
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| Survey: |
Available
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| Zoning: |
Planned Unit Development
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| Schools: |
Santa Rosa County Schools
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| 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
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| 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
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