Ref # HEDP-018
600 Unit Multi-Family Project near the Gulf
Walton County, Florida

• 600 Unit Multi-Family Project near the Gulf in Walton County

• (Located in a prestigious, Master Planned, Golf Community on the Emerald Coast.)

• Great location near the Bay (3-minutes away) and the Beaches of South Walton (15 minutes away)

• Only 30 minutes to Panama City Beach or Destin and only 20 minutes to Bluewater Bay

• Located in an Approved PUD with 3 Swimming Pools, a Cabana, Tennis Courts, “State-of-the-Art” Health Club, Nature Trails, an 18 hole Golf Course and many other amenities including a 5,000 SF Club House

• Only 20 minutes South of Interstate I-10

•  Presently zoned R3 for up to 14 units per acre for multi-family (apartments)

• No impact fees

•  Land is all high and dry (42 +/- acres)

• Property is in the city limits

• Has City water, sewer, and all utilities

• Property is less than 2 miles from Hwy 331-North

• Close to schools, restaurants, and medical offices.

• Purchase Price is $9,600,000 divided by 600 units = $16,000 per “door” land cost

• Boundary Survey Available.

• Wetlands Study Available.

Ref # HEDP-017
Multi-Family Development
34 +/- Acres
Panama City Beach, Florida

• Less than ½ mile from Hwy 98 (Back Beach Road) and .6 miles from the Beach

• Less than 3 miles from Hwy 79, which is being made into a 4-lane highway from I-10 to Panama City Beach and 10 miles to the new Bay County International Airport location.

• Presently zoned 15 units per acre … but can be annexed into the City limits of Panama City Beach which could afford up to 40 units per acre.

• Has 5 paved roads leading into the property.

• Water and sewer are at the property.

• 17 acres is high and dry … Other 17 acres in the rear can be Nature’s Preserves with “walk-overs”, etc.

• Boundary Survey and Aerials available

• Asking price is $4,950,000

• Earnest Money Deposit - $100,000

• 45-Day Feasibility Period

• 30-Day Closing  

• At 5:00 p.m. local time on the last day of the Feasibility Period, the Earnest Money Deposit becomes Non-Refundable, will be applied to the purchase price, and will be released to the Seller.

• Buyer to verify all information.

Ref # HEDP-015
5,000 ACRES OF PRIME TIMBERLAND IN FLORIDA

• “Incredible”, financial opportunity!

• Located within an hour of Tallahassee and close to the ocean

• Only 5 minutes to a hospital, schools, and shopping.

• Bordered by state and national parks

• This land is high, is level, and does not flood.

• Has over 5 miles of paved, road frontage for commercial development.

• Composed of 5 tracts. 4 tracts are 95% developable! … one tract of 681+/- acres is designated as a nature conservancy. The state of Florida will trade for another developable site within the state.

• Water, sewer, and electric are on … or at the property.

• The property has an intricate set of flat, dirt roads throughout the property.

• This property offers the buyer several, very profitable options.

• Estimated $32 million in timber. There is virtually no limit on how many trees that could be cut per day. …  cutting 1,000 trees a day equals to 250,000 trees annually.

• The property has estimated one billion tons of exploitable, silica sand. If you take 7 million tons a year, it would take 140 years to remove it all.

• Soft water spring – a natural resource. High-quality, water. The spring produces 3 million gallons per day output of bottling quality.

• Present zoning is 1 du/10 acres. There are 4,270 acres of “prime”, developable property. Based on the present zoning, you could have 427 ten-acre “ranchettes”. However, it will be very possible to get the property re-zoned to a higher density, allowing a buyer a lot of land for amenities like a golf course, a club house with bar and snack bar, a town center with retail, a community pool, tennis courts, etc. Should the buyer decide to sell off the property in 10-acre parcels, the selling price would be approximately $200,000 - $225,000 per each 10-acre parcel, that would produce gross land sales of $85m – $96m. Gross profit would be $45m- $56m. For a buyer who wants a 100% short-term return with a simple land marketing ((implementation) strategy. The “quick return” development scenario offers a 100% roi (return on investment) in only 36 months.

• There is no other comparable, large, developable piece of property in the state of Florida that has roads, electricity, water, sewer, and natural water in place.

• The next option would be to develop the property (after selling the timber) in 500-acre PUDS, multi-year, multi-phase projects for ongoing return. For a buyer that wants to achieve the highest and best use of the land, a  multi-year, multi-phase project is recommended that will generate hundreds of millions of dollars in revenues and profits! In this scenario, we recommend the development option of designing master-planned communities for individual PUDS and implementing the development in one to two-year phases of 400-500 acre per PUD. Land holding costs can be off-set by continuing to farm and utilize the assets of the undeveloped land while PUDS are developed, one phase at a time. The project can be completed over 5-10 years with the entitlements of each PUD requiring about 6-8 months to complete.

Pricing as follows: $39,950,000 + special considerations (call for details.)

Ref # HEDP-013
MADEIRA PROPERTY
DEVELOPMENT OPPORTUNITY
Reduced To $11,500,000
Under Contract

Click on picture for a larger view

• LOCATION - Madeira Beach, Florida

• SIZE - 2.25 Acres

• DESCRIPTION -

  • 900 Feet of deep water frontage

  • Possible 43 boat slips which could range from 35 feet to 70 feet

  • Submerged land ownership

  • Permitted for 91 condo resort units or hotel units.  Plans and Specs completed for 88 condo resort units.

• Ready for development

• Sales price $14,000,000

Down payment $500,000 goes hard after due diligence period

Chris Underhill - A-1 Realty (772) 468-3400

South East hotel sales - many hotels and motels for sale
Long Term Triple Net Investment Properties, Gas Stations and Convenience store / Gas Station combos.
 

Sellers - Looking to sell ?
Call us
Southeastern I-95 Corridor Specialists
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MONEY FOR THEIR PROPERTIES.
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