$12,500,000
Destin, FL 32541
MLS# 902681
Status: Sold
1 / 8
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
Status Change Info
Sold Price/Acre: 1219512.2
Status: Sold
Under Contract Date: 2024-05-24
Sold Date: 2024-08-21
Sold Price: $12,500,000
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 1365853.66
List Date: 2022-07-01
List Price: $14,000,000
Location, Tax and Legal
Sub Area: 1403 - Destin Northwest
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: COM SE COR LOT 6 BLK J 2ND EAST PASS ADD THC SELY ALG N R/W 2356 FT TO POB N13 DEG E1278 FT S76 DEG E350 FT S13 DEG W1278 FT TO N R/W NWLY ALG R/W 350 FT TO POB LESS COM INT OF C/L PALMS STREET & N R/W US 98 S76 DEG E ALG R/W 617.37FT N13 DEG E 22.1FT TO POB CON N13 DEG E 40FT N76 DEG W 18.32FT S13 DEG E 18.32FT TO POB
General Property Info
Sub-Type: Vacant Land
Acreage: 10.25
Listing Info, Tax & Legal
Who Paid Doc Stamps: Seller
Who Paid Title: Buyer
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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.
Lot Features
Curb & Gutter: 1
Survey Available: 1
Within 1/2 Mile to Water: 1
Lot Access
U.S. Highway: 1
Utilities
Electric: 1
Gas Available: 1
Phone: 1
Public Water: 1
Sewer Available: 1
TV Cable: 1
Zoning
Commercial: 1
Financing
Conventional: 1
None
Current Price: $12,500,000
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
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.
