Property Back to Results Property

1001 Us-98, Destin, FL 32541

$12,500,000

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

Sold Price: $12,500,000
List Price: $14,000,000
Closing Date: Aug 21, 2024
Days on Market: 223
MLS#: 902681
Status: CLOSED
Type: Land
Subtype: Unimproved Land
Lot Size: 446,490
Neighborhood: 1403 - Destin Northwest

Refine Search

Property Description

One of the very last, large, undeveloped tracts 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. The Gulf of Mexico is to the South, around amusement parks, entertainment, shopping. restaurants, fishing, and gulf front residential. The parcel is zoned Town Center Mixed Use, Commercial. Perfect for one large or multiple hotels, apartments (with 20% commercial non residential square footage), mixed use, retail, health care development and much more. Seller requires a short due diligence period. Initial EMD $250,000. Proof of funds or pre approval letter required with contract. Buyer to confirm all information.

(205) 253-5410

Search All Properties

Additional Information

Acres: 10.25
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 Features: Curbs/Gutters
Middle School: Destin
Neighborhood: 1403 - Destin Northwest
Subdivision: Dew 98
Utilities: Electricity Available, Phone Available, Sewer Available, Cable Available, Natural Gas Available
Zoning: Commercial