$7,632,000
Santa Rosa Beach, FL 32459
MLS# 748421
Status: Sold
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Property Description
ACTIVE DEVELOPMENT ORDER for a PRIME & RARE Development Project in the renowned Grayton Beach market of South Walton County, Florida & Scenic 30A! The subject +/-7.35 acre site, surrounded by State Forest on three sides, contains well over $1m in existing infrastructure and is fully approved and ready for the vertical construction of the Grayton Grand Hotel & Condominiums. The Development Order approves 173 total units; 75 of which will be luxury hotel rooms, 20 luxury lockout condominiums, 58 one-bedroom condominiums, and 20 two-bedroom condominiums; plus a rooftop terrace, resort-style pool with cabanas, wedding reception space & bridal suites, retail space, restaurant space, fitness center & spa, 112 covered parking spaces, 199 surface parking spaces, meeting space & a business center.
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2016-03-14
List Price: $7,995,000
Location, Tax and Legal
Sub Area: 1802 - S. of 98 W of Camp Creek
Property Name: Grayton Grand Hotel & Condos
Legal Description: N2 OF SE4 OF NE4 OF SEC 8 LYING E OF CR 283 LESS AND EXCEPT DESC PARCEL: BEG NE/C OF SE4 OF NE4, N BDRY THEREOF N 88 DEG 07'59'' W OF 497.55 FT TO A PT ON ESLY R/W OF CR 283, DEPART N BDRY AND ON ESLY R/W S 32 DEG 38'33'' W 108.20 FT, DEPARTING ESLY R/W S 57 DEG 21'33'' E 649.44 FT TO A PT ON E BDRY OF SE4 OF NE4, E BDRY N 01 DEG 10'57'' E 425.28 FT TO POB OR 1904-254 OR 2970-1127
General Property Info
Listed on GCCMLS: No
Vacant: Yes
Immediate Occupancy: No
Zoning: Commercial
Lot Frontage: 675
Future Land Use: Village Mixed Use
Acreage: 7
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: ACTIVE DEVELOPMENT ORDER for a PRIME & RARE Development Project in the renowned Grayton Beach market of South Walton County, Florida & Scenic 30A! The subject +/-7.35 acre site, surrounded by State Forest on three sides, contains well over $1m in existing infrastructure and is fully approved and ready for the vertical construction of the Grayton Grand Hotel & Condominiums. The Development Order approves 173 total units; 75 of which will be luxury hotel rooms, 20 luxury lockout condominiums, 58 one-bedroom condominiums, and 20 two-bedroom condominiums; plus a rooftop terrace, resort-style pool with cabanas, wedding reception space & bridal suites, retail space, restaurant space, fitness center & spa, 112 covered parking spaces, 199 surface parking spaces, meeting space & a business center.
Class
Land: 1
Construction Status
Under Construction: 1
Land
Property Type: Multi-Family
None
Current Price: $7,632,000
Status Change Info
Status: Sold
Under Contract Date: 2016-05-23
Sold Date: 2016-10-03
Sold Price: $7,632,000
Location Tax and Legal
Area: 18 - 30A East
Street #: 7 Acres
Street Name: County Road 283
State: FL
Zip Code: 32459
County: Walton
Parcel ID: 08-3S-19-25000-004-0030
Property Features
Class: Land
Construction Status: Under Construction
Supplements
The Grayton Grand site is located between Panama City Beach to the east and Destin to the west, and within 45 minutes of two commercial airports [Fort Walton Beach (VPS) and Northwest Florida Beaches International Airport (ECP) in Panama City Beach], as well as the private Destin airport. The area is also a major drive-to destination, drawing vacationers from all over the southeast. Scenic Highway 30A stretches 19 miles along the Gulf of Mexico in Walton County, Florida, encompassing the various beach communities known as The Beaches of South Walton County. The Beaches of South Walton are a premier tourist destination with incredible restaurants, excellent shopping, rare natural ecosystems, and arguably the world's most beautiful beaches! There are currently only 115 hotel rooms along Scenic Hwy 30A: 60 at Watercolor Inn & Resort and 55 at The Pearl in Rosemary Beach.
With a neighborhood motto of "nice dogs, friendly folks," Grayton Beach is a place that embraces the easygoing lifestyle. Visitors love retreating to this beach neighborhood and becoming a part of a welcoming, fun-loving community. Funky shops, local boutiques, and artists' galleries line the streets. You can find live music almost any night of the week; and it's not uncommon to wear flip-flops from sunrise to sunset. The character of Grayton Beach is apparent in its dining scene, which includes everything from beach bars to wine bars. In Grayton Beach, anything goes - and that's just how both locals and visitors like it.
The Grayton Grand is a one-of-a-kind opportunity, as Walton County is very protective of the unique atmosphere of this beloved community, and another such project is unlikely to be approved. Please inquire for further details as well as to request an Offering Memorandum.
Listing Office: Somers & Company
Last Updated: October - 12 - 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.
