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Pelican Pointe Luxury Apts - Ready to Build 1 Village Dr

4 Unit Apartment Building $999,999 ($250,000/Unit) 6% Cap Rate Flagler Beach, FL 32136

Investment Highlights

  • Beautiful Custom Luxury Apartment Project faces pristine Marshland and creek . Walk into town and beach in 7 minutes.
  • Join the Flagler Beach residents in their unique Ecological Beach Community
  • Property is located in Flagler Beach Florida (32136) which is North of Daytona Beach Florida (Speedway) and South of Saint Augustine Beach Florida
  • Fresh Air - Sun Rises - We regularly see: Pelicans, Herons, Ducks, White and Pink Ibis ect
  • 5 min away from the new Margheritaville hotel complex
  • 1 hour south of Jacksonville Florida and 1.25 hours to Orlando Florida - Centrally located near SR 100 (east to west -- ocean to I-95)

Executive Summary

This property is ..... ready to permit and build ......and we are offering it with two options.
Option ONE -
This listing is for the Purchase of the Property and the Engineering Architectural Civil plans as ready to go to permit as Listed
NOTE -This project is ready to permit and start construction.
OPTION - TWO
We can build the construction of the property under this option
You can Provide Construction funding and Joint Venture with us on this project with split ownership. If interested please reach out to us.
This is a very desirable unique location in a highly sought offer Florida Beach side city.
A Village uniquely designed with custom Architectural Elevations for each unit.
Situs:
Pelican Pointe is gently nestled in Nature located in pristine ecological marsh with vista views of wild life, sea breezes and beautiful Sun Rises. Living life in the best of both worlds; first enjoying living in this beautiful Serene nook in nature and second a quick five (5) minute walk to the World Famous Flagler Beach Florida (32136) and its quaint downtown area. This is most likely the last undeveloped multifamily parcel left in the city of Flagler Beach Florida (32136).
Design and View:
Each unit meticulously designed for breathtaking views from private Ground floor Lanai’s and Second Floor Balconies. Each unit has been designed to allow for our Class 4 luxury build out. Each unit has spacious with Ten foot ceilings throughout.
Custom Interior Features and Finishes:
Ten foot ceilings on both ground and second floor of units. Tile Floors in Kitchen and Bath, 42 “ Base cabinet heights and extended height wall cabinets, European hinged cabinets with self closing drawers, Designer handles and pulls throughout, Full tile backsplashes in Kitchen, Granite Countertops in Kitchen and Baths with custom under mount sinks systems, Craftsman brushed Nickel water faucets shower heads and bath accessories, kitchen sink garbage disposal systems, Tile Shower enclosures, Hurricane rated vinyl windows and doors (eliminating the need for emergency weather preparation), Pre wired for Cat 6 and Cable, Designer Lighting package with full Designer Fan and Light Fixture packages in each unit, full depth garages for each unit along with additional parking in driveway area and at south end parking area of building. Each unit has a full driveway to unit garage and entry.
SPECIFICATIONS – FOUR UNITS:
Unit 1
• 3 Bedroom
• 2 Bathroom
• 1 Full Laundry Room (Washer Dryer hookup with Laundry Sink)
• Living Room – First Floor
• Dining Room – First Floor
• Kitchen – First Floor
• Entry Vestibule – Exterior First Floor
• Family room – Second Floor
• Loft Room – Second Floor
• Balcony – Second Floor
• 1 Garage
Specifications ( unit has 14 rooms & areas )
• 1995 Living Sq Ft
• 94 sq ft Scenic Ground Floor Lani
• 281 sq ft Garage
• 65 sq ft Entry Feature
• 94 sq ft Scenic Second Floor Balcony
TOTAL = 2529 sq ft

Unit 2
• 2 Bedroom
• 2 ½ Bathroom
• 1 Full Laundry (Washer Dryer hookup with Laundry Sink)
• Foyer – Ground Floor Entry
• Entry Vestibule – Exterior First Floor
• Living Room – First Floor
• Dining Room – First Floor
• Kitchen – First Floor
• Family Room – Second Floor
• Balcony – Second Floor
• 1 Garage
Specifications – ( unit has 13.5 rooms & areas )
• 1631 Living Sq Ft
• 128 sq ft Scenic Ground Floor Lani
• 274 sq ft Garage
• 39 sq ft Entry Feature
• 128 sq ft Scenic Second Floor Balcony
TOTAL = 2,200 sq ft
Unit 3
• 2 Bedroom
• 2 ½ Bathroom
• 1 Full Laundry (Washer Dryer hookup with Laundry Sink)
• Entry Vestibule – Exterior First Floor
• Living Room – first Floor
• Dining Room – First Floor
• Kitchen – First Floor
• Family Room – Second Floor
• Balcony – Second Floor
• 1 Garage
Specifications ( unit has 12 ½ rooms & areas )
• 1551 Living Sq Ft
• 80 sq ft Scenic Ground Floor Lani
• 275 sq ft Garage
• 81 sq ft Entry Feature
• 80 sq ft Scenic Second Floor Balcony
TOTAL = 2,067 sq ft
Unit 4
• 2 Bedroom
• 2 ½ Bathroom
• 1 Full Laundry (Washer Dryer hookup with Laundry Sink)
• Dining Room – First Floor
• Living Room – First Floor
• Kitchen – First Floor
• Lani – First Floor
• Entry – First Floor
• Family Room – Second Floor
• Balcony – Second Floor
• 1 Garage
Specifications ( unit has 13.5 rooms & areas )
• 1536 Living Sq Ft
• 71 sq ft Scenic Ground Floor Lani
• 283sq ft Garage
• 49 sq ft Entry Feature
• 71 sq ft Scenic Second Floor Balcony
TOTAL = 2,010 sq ft
Parcel Number – 11-12-31-5916-00000-00A0

Property Facts

Price $999,999
Price Per Unit $250,000
Sale Type Investment
Cap Rate 6%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.60 AC
Construction Status Proposed
Building Size 8,806 SF
No. Stories 2

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-12-31-5916-00000-00A0
Land Assessment
$78,458
Improvements Assessment
$0
Total Assessment
$78,458

zoning

Zoning Code C-1 (Commercial - Approved for 4-unit multifamily development)
C-1 (Commercial - Approved for 4-unit multifamily development)
  • Listing ID: 31094595

  • Date on Market: 3/1/2024

  • Last Updated:

  • Address: 1 Village Dr, Flagler Beach, FL 32136

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