$15,950,000
Santa Rosa Beach, FL 32459
MLS# 998058
1 / 31
Property Description
EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce and flourishing market of Santa Rosa Beach, Florida! An opportunity to acquire 24.46 prime contiguous acres in South Walton County is virtually non-existent, as most of the remaining larger tracts of undeveloped land Eastward from this assemblage of (3) contiguous parcels, all the way to Bay County, is vast State Forest and Parkland. Expanding 1,284 feet along Highway 98, this site also contains a median crosscut. An Active Development Order for (240)-units of multi-family apartments has been recently issued by Walton County, yet additional development uses could include a Campus for various Levels of Elderly Care, Big Box Retail with Outparcels (i.e.-Home Depot, Lowe's, Target, Wal-Mart, etc...), which would...
Details
Contract Info
GCCMLS Number: 44523401
Listing Board: Emerald Coast
List Date: 2026-03-16
List Price: $15,950,000
Location, Tax and Legal
Sub Area: 1604 - SRB North of 98 S. of Chat Holley Rd
Legal Description: Survey available; please inquire. Walton County, Florida Parcel Identifications recorded as follows:
36-2S-20-33290-000-0340 AND 36-2S-20-33290-000-0330 AND 25-2S-20-33190-000-0480
General Property Info
Listed on GCCMLS: Yes
Property Information: Existing Development Order just issued by Walton County for (240)-doors of Apartments but could be phenomenal site for mixed uses including Big Box Retail with Outparcels, or perhaps a Campus for various levels of Elderly Care. The 24.46 acres spans across three contiguous parcels.
Vacant: Yes
Zoning: VMU
Lot Frontage: 1284
Future Land Use: Village Mixed Use
Acreage: 24.46
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce and flourishing market of Santa Rosa Beach, Florida! An opportunity to acquire 24.46 prime contiguous acres in South Walton County is virtually non-existent, as most of the remaining larger tracts of undeveloped land Eastward from this assemblage of (3) contiguous parcels, all the way to Bay County, is vast State Forest and Parkland. Expanding 1,284 feet along Highway 98, this site also contains a median crosscut. An Active Development Order for (240)-units of multi-family apartments has been recently issued by Walton County, yet additional development uses could include a Campus for various Levels of Elderly Care, Big Box Retail with Outparcels (i.e.-Home Depot, Lowe's, Target, Wal-Mart, etc...), which would...
Class
Hotel/Motel: 1
Land: 1
Multi-Family: 1
Retail: 1
Construction Status
N/A: 1
Land
Property Type: Mixed Use
Retail
Property Type: Regional Center
# of Units: 240
Hotel/Motel
# of Rooms: 240
Multi-Family
# of Units: 240
# Buildings: 4
None
Current Price: $15,950,000
Status Change Info
Status: Active
Location Tax and Legal
Area: 16 - North Santa Rosa Beach
Street #: 24-Acres
Street Name: Highway 98
State: FL
Zip Code: 32459
County: Walton
Parcel ID: 36-2S-20-33290-000-0330
Property Features
Class: Hotel/Motel; Land; Multi-Family; Retail
Construction Status: N/A
Supplements
likely require only a 'Less than Minor Development Order' or 'Minor Development Order' to crossover from apartments to a mixed-use retail venue or elderly care campus. The land use and zoning is the most preferred in the local development community, known as V.M.U. (Village Mixed Use). The active development order for apartments involves a site plan accommodating (454)-car parking spaces with an additional (9)-handicap spaces. Please inquire for further details.
Listing Office: Somers & Company
Last Updated: March - 16 - 2026
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.
