24-Acres Highway 98, Santa Rosa Beach, FL 32459
$15,950,000
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
1,065,478
Status:
Active
Current Price:
$15,950,000
List Date:
3/16/2026
Last Modified:
3/16/2026
Overview
Description
EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce and flourishing market of Santa Rosa Beach, Florida! An opportunity to acquire 24.46 prime contiguous acres in South Walton County is virtually non-existent, as most of the remaining larger tracts of undeveloped land Eastward from this assemblage of (3) contiguous parcels, all the way to Bay County, is vast State Forest and Parkland. Expanding 1,284 feet along Highway 98, this site also contains a median crosscut. An Active Development Order for (240)-units of multi-family apartments has been recently issued by Walton County, yet additional development uses could include a Campus for various Levels of Elderly Care, Big Box Retail with Outparcels (i.e.-Home Depot, Lowe's, Target, Wal-Mart, etc...), which would...
Supplements: ... (Read more)
Listing Details MLS# 998058
Contract Info
- GCCMLS Number
- 44523401
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 16 - North Santa Rosa Beach
- Street #
- 24-Acres
- Street Name
- Highway 98
- State
- FL
- Zip Code
- 32459
- County
- Walton
- Parcel ID
- 36-2S-20-33290-000-0330
General Property Info
- Listed on GCCMLS
- Yes
- Property Information
- Existing Development Order just issued by Walton County for (240)-doors of Apartments but could be phenomenal site for mixed uses including Big Box Retail with Outparcels, or perhaps a Campus for various levels of Elderly Care. The 24.46 acres spans across three contiguous parcels.
- Vacant
- Yes
- Acreage
- 24.46
- Lot Frontage
- 1284
- Zoning
- VMU
- Future Land Use
- Village Mixed Use
More Information
Multi-Family
- # of Units
- 240
- # Buildings
- 4
Retail
- # of Units
- 240
Location, Tax and Legal
- Sub Area
- 1604 - SRB North of 98 S. of Chat Holley Rd
- Legal Description
- Survey available; please inquire. Walton County, Florida Parcel Identifications recorded as follows: 36-2S-20-33290-000-0340 AND 36-2S-20-33290-000-0330 AND 25-2S-20-33190-000-0480
Listing Info, Tax & Legal
- As Is
- Yes
Remarks & Misc
- Remarks
- EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce and flourishing market of Santa Rosa Beach, Florida! An opportunity to acquire 24.46 prime contiguous acres in South Walton County is virtually non-existent, as most of the remaining larger tracts of undeveloped land Eastward from this assemblage of (3) contiguous parcels, all the way to Bay County, is vast State Forest and Parkland. Expanding 1,284 feet along Highway 98, this site also contains a median crosscut. An Active Development Order for (240)-units of multi-family apartments has been recently issued by Walton County, yet additional development uses could include a Campus for various Levels of Elderly Care, Big Box Retail with Outparcels (i.e.-Home Depot, Lowe's, Target, Wal-Mart, etc...), which would...
Class
- Hotel/Motel
- Yes
- Land
- Yes
- Multi-Family
- Yes
- Retail
- Yes
Construction Status
- N/A
- Yes
Hotel/Motel
- # of Rooms
- 240
Property Features
Class:
Hotel/Motel; Land; Multi-Family; Retail
Construction Status:
N/A
Listing Office:
Somers & Company
Last Updated: March - 16 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
