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    757 E Miracle Strip Pkwy Mary Esther, FL 32569

    For Sale
    $5,500,000

    LAND - Mary Esther, FL

    Lot size:
    5.03 Acres
    Days on Market:
    122
    Last Refresh:
    Dec 12 at 4:06 pm

    Property Features for 757 E Miracle Strip Pkwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business, Commercial
    APN
    23-2S-24-221A-0000-102A
    Lot size
    5.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    Compass Florida, LLC (305) 851-2820 [email protected]

    Listing agent Spears Group (850) 710-2114

    Listing date Aug 13, 2025

    Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land Ready for Development

    This waterfront property offers development possibilities with over 400 feet of water frontage across three adjacent parcels. The 5-acre land holding has potential for commercial use or rezoning for residential development. Approved for condominium development, this property is suited for a luxury waterfront community, an exclusive private estate, or a commercial venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cash's Liquors - The Hangout Liquor Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mary Esther
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.646456
    Latitude
    30.407674

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    FAQs

    What type of property is this?
    Commercial land - 5-acre waterfront property approved for condominium development.
    Where is this commercial land located?
    The property is located at 757 E Miracle Strip Pkwy Mary Esther, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Over 400 feet of pristine water frontage; - 5 acres of prime land; - Approved for condominium development
    (850) 710-2114
    Request Owner's contact information
    757 E Miracle Strip Pkwy Mary Esther, FL 32569
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    757 E Miracle Strip Pkwy Mary Esther, FL 32569
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