$12,500,000
Destin, FL 32541
MLS# 902681
Status: Sold
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Property Description
One of the very last, large, undeveloped tracts of land on Hwy 98 in the heart of Destin. This relatively level & cleared 10.25 +/- acreage is located on the North side of Hwy. 98 adjacent to the Big Kahuna Water Park on the East side. The Gulf of Mexico is to the South, around amusement parks, entertainment, shopping. restaurants, fishing, and gulf front residential. The parcel is zoned Town Center Mixed Use, Commercial. Perfect for one large or multiple hotels, apartments (with 20% commercial non residential square footage), mixed use, retail, health care development and much more. Seller requires a short due diligence period. Initial EMD $250,000. Proof of funds or pre approval letter required with contract. Buyer to confirm all information.
Details
None
Current Price: $12,500,000
Status Change Info
Status: Sold
Under Contract Date: 2024-05-24
Sold Date: 2024-08-21
Sold Price: $12,500,000
Sold Price/Acre: 1219512.2
Contract Info
List Date: 2022-07-01
List Price: $14,000,000
Listing Board: Emerald Coast
List Price/Acre: 1365853.66
Location Tax and Legal
Street #: 1001
Street Name: US-98
Area: 14 - Destin
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: DEW 98
Parcel ID: 00-2S-22-0000-0013-014A
General Property Info
Sub-Type: Vacant Land
Acreage: 10.25
Property Features
Lot Access: U.S. Highway
Lot Features: Curb & Gutter; Survey Available; Within 1/2 Mile to Water
Zoning: Commercial
Utilities: Electric; Gas Available; Phone; Public Water; Sewer Available; TV Cable
Financing: Conventional
Listing Office: RE/MAX by the Sea
Last Updated: November - 15 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
