Panama City Beach, FL 32407,300 Cove Villa Road

$1,650,000

$2,200,000

25.0%
Est.Price: ?

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Est. payment /mo

504.78 Acres Lot


SOLD DATE : 01/13/2016

Key Details

Sold Price $1,650,000

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 732671

Sold Date 01/13/16

HOA Y/N No

Annual Tax Amount $743

Tax Year 2014

Lot Size 504.780 Acres

Acres 504.78

Property Description

25.64 acre Developer opportunity. Zoned Residential 3 (R3) Duplexes, Triplexes, Quadraplexes. The highest and best use is a 278 planned townhome unit development. Development order has expired and would need to be renewed by the new buyer. The site has 8.55 wetland acres and 17.09 upland acres. The current owner invested $1.589 million in water, sewer, and building permit fees; $230,439 in engineering, environmental, architectural design for development order, and $1.818 million for land improvements including building pads. The total cost of improvements is $3.638 million. The initial townhome development was designed for 278 townhomes that were 1,332 square feet each with one car garages (architectural renderings are available).The property is located approximately .1 of a mile north o

Location

State FL

County Bay

Area 27 - Bay County

Zoning Resid Multi-Family

Exterior

Utilities Available Community Sewer, Community Water, Electric, Gas - Natural, Gas Available, Phone

Schools

Elementary Schools Breakfast Point

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Listed by Counts Real Estate Group Inc
Bought with Non Member Office (NABOR)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 830-3288

kevin@poortruman.com

Beach, Florida, 32459, United States

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