Location, Tax and Legal

Sub Area

2724 - Beach - West Central

Property Name

BEACHSCAPE

Legal Description

BLK 1 MIRAMAR BEACH AND THE SLY R/W LINE OF FRONT BEACH RD TH SW ALONG THE WEST LINE OF LOT 52' S 30.91 SW 68 M/L TO WATRES EDGE TH NWLY ALONG WATER 380' M/L TH NORTH 163' M/L TO SLY R/W 14 3S 17W -5.1- 21B1 COM AT NE COR OF SEC TH W 880' S 543.10' TO NWLY R/W OF HWY 98 FOR POB TH NWLY ALONG R/W 322.41' TO THE ELY R/W OF SEAKOVE ST NELY ALONG ELY R/W 105' TH SELY 264.57' TO THE WLY R/W OF DEERMONT

Listing Info, Tax & Legal

As Is

Yes

Remarks & Misc

Remarks

RARE OPPORTUNITY!! Spectacular potential for Condominium Development with in-place foundation: Fully permitted for 234 gulf front condominiums and a 5 story parking garage perfectly located in city limits and the most desirable West Panama City Beach, only minutes from world renowned Rosemary and Alys Beach. Entitlements and existing infrastructure offered at $5,900,000 an 88% discount from owern's cash investment of $51,000,000 for land and improvements. Current development order expires Oct. 5, 2013. Completed plans by Collins and Associates for one, two and three bedroom condominiums with featured Gulf front amenities including pool, spas, exercise room, and lobby. Additional planned amenities include a conference room, game room, and parking garage. Construction begun in 2006 with

Class

Land

Yes

Construction Status

Proposed

Yes

Property Features