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W Highway 30-A - Old Florida Village, Santa Rosa Beach, FL

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W Highway 30-A - Old Florida Village

Santa Rosa Beach, FL 32459

Property Type:Land Parcel Size:2.7 Acres
For Sale Price:$3,995,000 Price/Acre:$1,479,630 Price/SF:$33.97

Proposed Use:MultiFamily

On-Site Improv:-

Sale Notes:
Phase II of Old Florida Village is a premier, fully entitled, shovel-ready, development project with a development order and according infrastructure already installed and in place, which will service (56) units of mixed-use density (commercial and residential condominiums) along Northwest Florida's renowned scenic corridor known as Scenic 30-A in Santa Rosa Beach! Comprised of approximately 2.7 prime acres with an excellent grade above the scenic roadway's crest, the building site is located within a short walk to (3) beach walkovers. Many of the residential condominium units on the second and third floors will enjoy fabulous views of the Gulf of Mexico! The seller, an acclaimed developer and builder, has taken great pride in delivering the very best in infrastructure, which

includes over $1,500,000.00 in site improvements! An additional value of almost $300,000.00 will convey through prepaid water and sewer taps. This is a unique opportunity to immediately begin building new inventory for a phenomenally successful submarket that is currently experiencing dwindling inventory levels and very few projects that have the capability of such quick delivery of end product that will include one, two, and three bedroom condominiums, as well as commercial space on the first floor that would be ideal for retail; and office condominiums located on the second floors. Much like the sales success of Phase I of Old Florida Lakes, Phase II will not only cater to the resort market, but the large floorplans will be enjoyed by primary homebuyers looking for a full time condominium residence in one of the most desired areas of the United StatesSouth Walton County of the Emerald Coast of Florida! All the architectural and civil plans will convey to the buyer. There are a total of (6) buildings, each containing a building permit that can be extended, thus allowing the developer/builder to phase in the project according to end product sales absorption. The site is located in the most marketable of all flood zones, x. Phase II owners will also enjoy shared use access to the existing two pools in Phase I. The subject utility providers are as follows: Chelco, Regional Utilities, Okaloosa Gas, Sprint, and Mediacom. The appraised value of this project in 2009 was $7,750,000.00!

Somers & Company
John Paul Somers
(850) 654-7777

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