$15,950,000

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... 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.