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    Gulf Blvd Navarre, FL 32566

    For Sale
    $23,500,000

    23.24-acre waterfront property with development potential in Navarre, Florida.

    Property size:
    23 SF
    Lot size:
    23.24 Acres

    Property Features for Gulf Blvd

    General Information

    Size
    23 SF
    Lot size
    23.24 Acres

    Source: Harry Bell Jr. Agent Harry Bell Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Property on Santa Rosa Island

    This 23.24-acre property features 1,800 feet of frontage along the Santa Rosa Sound and 1,250 feet along the north side of Gulf Blvd. Zoned as NB-PMUD, the maximum permitted density is 30 residential units per acre. Previous plans considered a mixed-use development with 697 residential condominium units. The current proposed Development Order is for an upscale 171-pad RV Resort. Navarre Beach is located between Navarre Beach County Park and the Gulf Islands National Seashore. Santa Rosa Island is connected to Interstate 10 by the Garcon Point Bridge, providing accessibility from the Southeast United States. The property is situated near military bases, including the Pensacola Naval Station, Naval Air Station Whiting Field, Hurlburt Field, and Eglin Air Force Base, which contribute over $7.8 billion annually to the local economy. Santa Rosa County has seen a population increase of 19% in the last decade. The area is positioned for strong economic growth due to a strong tourism industry. Navarre Beach completed a beach renourishment project in 2016. This property is one of the largest remaining undeveloped waterfront sites available in Northwest Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.891233
    Latitude
    30.375932

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    FAQs

    What type of property is this?
    Land - 23.24-acre waterfront property with development potential in Navarre, Florida.
    Where is this land located?
    The property is located at Gulf Blvd Navarre, FL.
    What is the asking price?
    The asking price for this property is $23,500,000.
    What are key features of this property?
    This property features: - Significant Waterfront Property: Largest remaining undeveloped waterfront property on Santa Rosa Island with **1,800 feet of frontage on the Santa Rosa Sound**.; - High-Density Development Potential: Zoned NB-PMUD with a maximum permitted density of 30 residential units per acre.; - Proposed RV Resort Development: Current proposed Development Order is for an upscale 171-pad RV Resort.
    (850) 240-0527
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    Gulf Blvd Navarre, FL 32566
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    Navarre, FL 32566
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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
    Gulf Blvd Navarre, FL 32566
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