1001 Us-98, Destin, FL 32541

$17,500,000
List Price
$17,500,000
Days on Market
156
MLS#
902681
Status
ACTIVE
Type
Land
Subtype
Vacant Land
Lot Size
446,490
Neighborhood
1403 - West Destin

Property Description

The very last, largest, undeveloped tract 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 and Raceway on the West. The Gulf of Mexico is to the South, around amusement park,s entertainment, shopping. restaurants, fishing, and gulf front residential. The parcel is zoned Town Center Mixed Use, Commercial. Perfect for hotels, apartments with 20% commercial, mixed use, retail, health care development and much more. Seller will agree to 75 days due diligence and 30 days to close. Initial EMD $150,000. DD after 75 days requires additional $50k hard EMD every 30 days. Proof of funds or pre approval letter required with contract.Buyer to confirm all info.

Additional Information

Acres
10.25
Association
Emerald Coast
Elementary 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
Lot Access
U.S. Highway
Lot Dimensions
300' x 1300'
Lot Features
Curb & Gutter, Survey Available, Within 1/2 Mile to Water
Middle School
Destin
Neighborhood
1403 - West Destin
Subdivision
Dew 98

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of RE/MAX By the Sea.

Vendor Member Number : 28166