$2,200,000
MLS# 441652
Status: Sold
1 / 1
Property Description
Outstanding investor opportunity ? This multi family parcel offers the investor the opportunity to construct a 288 unit (zoned R-3) senior living centre or assisted living center. The owner/developer will offer participation with this project and has invested in engineering and plan design and is currently proceeding with this project. This great location is located in Navarre?s fastest growing area surrounded by upscale residential communities and luxury apartments. This property is one of the few remaining properties on Hwy. 98 with a vast amount of frontage of 988 ft on highly visible Hwy 98 and located on the corner of Joybrook Rd with a natural and beautifully landscaped buffer. The developer/builder will provide concept from multi family design, senior living design, wetlands
Details
Status Change Info
Sold Price/Acre: 129411.76
Status: Sold
Under Contract Date: 2010-04-01
Sold Date: 2013-12-03
Sold Price: $2,200,000
Contract Info
Listing Board: Navarre
List Price/Acre: 288235.29
List Date: 2006-08-24
List Price: $4,900,000
Location, Tax and Legal
Sub Area: 1105 - West Navarre
Elementary School: Holley-Navarre
Middle School: Holley-Navarre
High School: Navarre
Legal Description: COM AT INSCT OF S R/W HWY 98 & W SEC LN THN N89*48'34''E 671. 11 FT TO E R/W JOYBROOK RD & TH POB THN S 0*1'27''E ON R/W 380 FT TO NW CORN OF MAGNOLIA HARBOR SUB THN FOLLOW N SUB LN N90*0'E 122.14 FT THN S14*10' 24''E 216.96 FT THN S51*1'16''E 170.54 FT THN S53*3'17''E 48.64 FT THN S71*3'6''E 117.00 FT THN S62*54'6''E 78.87 FT THN S56*58 '25''E 252.52 FT THN N78*46'32
General Property Info
Sub-Type: Vacant Land
Acreage: 17
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.
As Is: Yes
Remarks & Misc
Remarks: Outstanding investor opportunity ? This multi family parcel offers the investor the opportunity to construct a 288 unit (zoned R-3) senior living centre or assisted living center. The owner/developer will offer participation with this project and has invested in engineering and plan design and is currently proceeding with this project. This great location is located in Navarre?s fastest growing area surrounded by upscale residential communities and luxury apartments. This property is one of the few remaining properties on Hwy. 98 with a vast amount of frontage of 988 ft on highly visible Hwy 98 and located on the corner of Joybrook Rd with a natural and beautifully landscaped buffer. The developer/builder will provide concept from multi family design, senior living design, wetlands
Lot Features
Aerials/Topo Availbl: 1
Build To Suit: 1
Survey Available: 1
Within 1/2 Mile to Water: 1
Wooded: 1
Lot Access
County Road: 1
Paved Road: 1
U.S. Highway: 1
Utilities
None: 1
Zoning
Resid Multi-Family: 1
None
Current Price: $2,200,000
Location Tax and Legal
State: FL
Zip Code: 32566
Project Name/Subdivision: NONESUCH WAY
Property Features
Lot Access: County Road; Paved Road; U.S. Highway
Lot Features: Aerials/Topo Availbl; Build To Suit; Survey Available; Within 1/2 Mile to Water; Wooded
Zoning: Resid Multi-Family
Utilities: None
Supplements
study, site work and engineering. This property offers the opportunity to offer either an upscale adult community or affordable multi family units. Minutes from Hurlburt Field, beautiful beaches, great schools, shopping and ?Heart of Navarre?. Developer/Builder will also build to suit. Call today to preview this rare find. Listing Broker/Salesperson has ownership interest in the property.
Listing Office: REALTY ASSOCIATES OF SANTA ROSA, INC.
Last Updated: November - 06 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.