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    122 Calhoun Avenue

    Destin, FL 32541
    • $2,995,000
    • STATUS: Active
    • ON SITE: 170 days
    • MLS #: 836979
    UPDATED: 21 min ago
    $2,995,000
    • 0
      BEDS
    • 5.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    An excellent opportunity to create a cozy village of cottages on the last of the large parcels in the ''old Destin'' section of the greater Destin metropolitan area. The heritage of the first settlers and inhabitants of the Worlds Luckiest Fishing Village still flows through the magnificent oaks and magnolias that populate the parcel and the rest of the Calhoun area.It is a perfect location to drop a condominium, townhome or clustered bungalow style community, or boutique hotel. Close to the unique harbor of Destin, every destination point along this charming area is within walking, biking, or golf cart access from this parcel. Zoned Calhoun Mixed Use Village for residential, hotel, commercial and short-term general development.The opportunity has 8 parcels that span Calhoun to Sibert($2,995,000.) " Zoned Calhoun Mixed Use Village for residential, commercial and general development " Density is 12 units per acre multi-family, 9 units per acre single family" Height limitation is 3 stories 35' single-family, 4 stories 50' multi-family " Floor Area Ratio is .5, or 113,474sf. Other adjacent properties are also potentially available. " Homes across the street on the Choctawhatchee Bay are now on market at $800+/sf " Subject parcel is across from two large city parks in which the city is highly invested " Parcel conducive to a golf cart community type development with walking/bicycle/golf cart access to all the entertainment and restaurant amenities in the harbor district. " This is the last of the large parcels available in the old part of Destin that is zoned for mixed use multi-family. Survey is attached. The highest density will be achieved by a 4-story condo, the highest sales per sq foot would be with single-family homes on separate building lots, the most fun would be "tiny house" bed and breakfast communities (which could be modified in future by selling off the individual tiny houses and re-purposing the property) or a boutique hotel of up to 200 rooms that could accommodate transient visitors enjoying all of the surrounding entertainment and food venues. There are no Development Orders at present time. Review "Documents" for potential use concepts.

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    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2020-06-06T13:32:28.743.
    30a.beachpropertiesfla.com/homes/101786174

    122 Calhoun Avenue Destin, FL 32541

    • Price: $2,995,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 836979
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.21
    Acres
    Neighborhood:
    Old Destin
    County:
    Okaloosa
    Area:
    Destin
    Elementary School:
    Destin
    Middle School:
    Destin
    High School:
    Fort Walton Beach
    Property Description
    An excellent opportunity to create a cozy village of cottages on the last of the large parcels in the ''old Destin'' section of the greater Destin metropolitan area. The heritage of the first settlers and inhabitants of the Worlds Luckiest Fishing Village still flows through the magnificent oaks and magnolias that populate the parcel and the rest of the Calhoun area.It is a perfect location to drop a condominium, townhome or clustered bungalow style community, or boutique hotel. Close to the unique harbor of Destin, every destination point along this charming area is within walking, biking, or golf cart access from this parcel. Zoned Calhoun Mixed Use Village for residential, hotel, commercial and short-term general development.The opportunity has 8 parcels that span Calhoun to Sibert($2,995,000.) " Zoned Calhoun Mixed Use Village for residential, commercial and general development " Density is 12 units per acre multi-family, 9 units per acre single family" Height limitation is 3 stories 35' single-family, 4 stories 50' multi-family " Floor Area Ratio is .5, or 113,474sf. Other adjacent properties are also potentially available. " Homes across the street on the Choctawhatchee Bay are now on market at $800+/sf " Subject parcel is across from two large city parks in which the city is highly invested " Parcel conducive to a golf cart community type development with walking/bicycle/golf cart access to all the entertainment and restaurant amenities in the harbor district. " This is the last of the large parcels available in the old part of Destin that is zoned for mixed use multi-family. Survey is attached. The highest density will be achieved by a 4-story condo, the highest sales per sq foot would be with single-family homes on separate building lots, the most fun would be "tiny house" bed and breakfast communities (which could be modified in future by selling off the individual tiny houses and re-purposing the property) or a boutique hotel of up to 200 rooms that could accommodate transient visitors enjoying all of the surrounding entertainment and food venues. There are no Development Orders at present time. Review "Documents" for potential use concepts.
    Exterior Features

    Lot Dimensions 500X345x270x600 Lot Features Addl Land Available Lot Parcel Access City Road

    Property Features

    As Is Yes Assessment Fees No Brokerage Interest No Interest Financing Conventional Last Tax Year 2018 Last Taxes 13442.02 Listing Board Emerald Coast Mineral Rights No New Buyer Fee No Utilities Public SewerPublic WaterTv Cable Zoning BusinessCommercialResid Multi-FamilyResid Single FamilySee Remarks

    Listing courtesy of Taylor Allen Properties Llc.


    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2020-06-06T13:32:28.743.
     
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