This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Gulf Boulevard - Navarre Beach Waterfront 23 Acres
23.24 Acres of Commercial Land Offered at $24,500,000 in Navarre, FL 32566
Investment Highlights
- One of the largest waterfront development sites available in Northwest Florida
- An estimated 4.5 million people visit the Emerald Coast annually
- Only 10 coastal areas in the U.S have the designation "National Seashore"
Executive Summary
The site contains 23.24 acres with approximately 1,800 feet of frontage along the Santa Rosa Sound and 1,250 feet along the north side of Gulf Blvd, the main thoroughfare in Navarre Beach (10,000 AADT). The NB-PMUD zoning allows for 30% of the development to be comprised of commercial uses and 70% for residential uses. There is a maximum density of 30 residential units per acre. The owner has conceptual plans for a legally permissible mixed-used development consisting of 697 residential condominium units, 148 condo/hotel units, and 100,000 SF of commercial retail space. In addition, the owner also has conceptual plans for a potential 148-slip marina along the Santa Rosa Sound. The site would be an excellent location for an RV park and is an allowed use under the current zoning. Population continues to increase along with the demand for waterfront vacation destinations and condominium units. The current population in Santa Rosa County has grown by 19% in the last decade, making it one of the fastest-growing counties in the US. This region is widely known as a family-friendly vacation destination ideal for weekend getaways or a place to spend an entire season.
Property Facts
| Price | $24,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 23.24 AC |
| Price | $24,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 23.24 AC |
1 Lot Available
Lot
| Price | $24,500,000 | Lot Size | 23.24 AC |
| Price Per AC | $1,054,217 |
| Price | $24,500,000 |
| Price Per AC | $1,054,217 |
| Lot Size | 23.24 AC |
Rare developer opportunity to purchase 23+/- acres of waterfront land located on Florida’s Emerald Coast. The lot is approximately 1,800 feet of frontage along the Santa Rosa Sound and 1,250 feet of frontage along the north side of Gulf Blvd.
Description
The property is 23.24 acres with 1,800 feet of frontage along the Santa Rosa Sound and 1,250 feet along the north side of Gulf Blvd, zoned as NB-PMUD. The maximum permitted density is 30 residential units per acre. Former plans included a mixed-use development established for 698 residential condominium units, while the current proposed development is for a 171-pad upscale RV resort with a DEVELOPMENT ORDER (shovel ready) with all permits. Santa Rosa County's population has increased by 19% in the last decade, making it one of the fastest-growing counties in the US.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,994,284 | |
| Land Assessment | $79,070,712 | Total Assessment | $83,064,996 |
PROPERTY TAXES
zoning
| Zoning Code | NB-PMUD Navarre Beach, Pl |
| NB-PMUD Navarre Beach, Pl |
-
Harry Bell -
Bellcore Commercial, LLC
Presented by
Gulf Boulevard - Navarre Beach Waterfront 23 Acres
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.