1001 US-98, Destin, FL 32541 (MLS# 902681)

1001 US-98, Destin, FL 32541

$12,500,000

Adjacent to Big Kahuna's Water Park on the East side

Big Kahuna's Water Park on the East side

Property Type: Land Lot Size (sq. ft.): 446,490 Status: Sold

Current Price: $12,500,000 List Date: 1/11/2024 Last Modified: 11/15/2024

Overview

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.

Listing Details MLS# 902681

Status Change Info

Under Contract Date: 2024-05-24
Sold Date: 2024-08-21
Sold Price/Acre: 1219512.2

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 1365853.66

Location Tax and Legal

Street #: 1001
Street Name: US-98
Area: 14 - Destin
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: DEW 98
Parcel ID: 00-2S-22-0000-0013-014A

General Property Info

Sub-Type: Vacant Land
Acreage: 10.25

Location, Tax and Legal

Sub Area: 1403 - Destin Northwest
Elementary School: Destin
Middle 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

More Information

Listing Info, Tax & Legal

Who Paid Doc Stamps: Seller
Who Paid Title: Buyer
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: 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.

Lot Features

Curb & Gutter: Yes
Survey Available: Yes
Within 1/2 Mile to Water: Yes

Lot Access

U.S. Highway: Yes

Utilities

Electric: Yes
Gas Available: Yes
Phone: Yes
Public Water: Yes
Sewer Available: Yes
TV Cable: Yes

Zoning

Commercial: Yes

Financing

Conventional: Yes

Property Features

Lot Access: U.S. Highway Lot Features: Curb & Gutter; Survey Available; Within 1/2 Mile to Water Zoning: Commercial Utilities: Electric; Gas Available; Phone; Public Water; Sewer Available; TV Cable Financing: Conventional

Listing Office: RE/MAX by the Sea

Last Updated: November - 15 - 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.