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N Co Highway 393, Santa Rosa Beach, FL 32459

$1,375,000

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List Price
$1,375,000
Price Change
▼ $300,000 1775692366
Days on Market
181
MLS#
993877
Status
ACTIVE
Type
Land
Subtype
Unimproved Land
Lot Size
385,070
Neighborhood
SRB North of 98 S. of Chat Holley Rd

Property Description

Positioned at the gateway to one of South Walton's most transformative growth corridors, this premier 8.84-acre corner parcel presents an exceptional opportunity to invest in the future of Santa Rosa Beach. Located at the intersection of North County Hwy 393 and Chat Holley Road, the property is strategically situated adjacent to the proposed 'Old Town of Santa Rosa' master-planned district-a 220-acre public initiative representing a significant long-term investment in regional infrastructure, recreation, and economic development. Momentum is already underway. Phase One infrastructure improvements have been completed with the reconstruction of County Road 393 from U.S. Highway 98 to Chat Holley Road, including enhanced regional stormwater infrastructure, water-quality improvements, a protected 6-foot sidewalk, curb and gutter enhancements, and redesigned traffic movements to improve safety and circulation. These improvements were funded through dedicated environmental grant funding, demonstrating Walton County's commitment to the continued enhancement of this corridor. Walton County has now advanced into the next phase of the master plan, which includes a county-approved 10,000-seat outdoor event pavilion, expanded parks and trail systems, regional stormwater facilities, and future roadway connections linking Chat Holley Road directly to U.S. Highway 98 through the planned extensions of Nellie Drive and Veterans Road. The overall project is being implemented through a phased, multi-year investment strategy utilizing environmental grant funding together with Tourist Development Council revenues generated from visitor accommodations, reflecting a sustained commitment to one of South Walton's fastest-growing destinations. The property is zoned Coastal Center (CC), one of Walton County's most flexible commercial zoning classifications, allowing a broad range of mixed-use development opportunities, including medium-density residential, retail, office, restaurant, medical, service, civic, institutional, and lodging uses, subject to Walton County requirements. The site also benefits from prior development approvals for an Early Childhood Education Center, demonstrating its proven development potential. Extensive due diligence materials--including prior development plans, engineering documents, environmental reports, traffic studies, surveys, and supporting documentation--are available, providing valuable resources for future planning and entitlement efforts. Offering approximately 1,287 feet of frontage along Chat Holley Road and 299 feet of frontage on North County Hwy 393, the parcel commands outstanding visibility and accessibility at one of South Walton's most prominent intersections, directly across from the new U.S. Post Office. Public water, sewer, natural gas, and underground utilities are available or nearby, further enhancing the site's development readiness. As South Walton continues to experience sustained residential, commercial, and tourism growth, opportunities to acquire commercially zoned acreage adjacent to major publicly funded infrastructure projects have become increasingly rare. Whether envisioned as a mixed-use destination, neighborhood commercial center, professional or medical campus, hospitality development, educational facility, or long-term strategic land investment, this property offers the scale, flexibility, infrastructure, and location to capitalize on the continued evolution of one of Northwest Florida's most dynamic growth corridors.

Additional Information

Acres
8.84
Elementary School
Van R Butler
High School
South Walton
Legal Description
LOT 64 OR 47-294 OR 1386-70 LESS CO HWY 393 R/W OR 3197-2801
Lot Features
Corner Lot, Covenants, Other, Wetlands, Wooded, Buildable
Middle School
Emerald Coast
Neighborhood
SRB North of 98 S. of Chat Holley Rd
Subdivision
Santa Rosa Plantation
Utilities
Natural Gas Available
Zoning
Coastal Center, Commercial

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Calculator source: Real Geeks

Listing courtesy of A List Beach Realty LLC.

Vendor Member Number : 28166