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Bay Front Home Site Opportunity
For Sale
$2,425,000

4505 Sawgrass Way, Destin, FL 32541

Rare waterfront lot in Destin's prestigious gated golf community.

Property SizeContact for details
Lot Size0.48 Acres
Days on Market147

Property Features for 4505 Sawgrass Way

General Information

Standard status Active
Lot size 0.48 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $10,028

Amenities

Covenants
Cul-De-Sac
Interior
Level
Restrictions
Wooded
Listing Agency: THE MARY STEPHENS TEAM
Listed By: MARY A STEPHENS
Source: Corcoran
Added: Mar 21 Changed: Aug 8 Last Checked: Jul 17 at 5:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE MARY STEPHENS TEAM

Investment Insights

Based on property information with market context.

This 0.48-acre bay front home site is located in Kelly Plantation, a gated golf and tennis community in Destin. The property offers unobstructed views of the Choctawhatchee Bay. With 102 feet of direct bay frontage, the site can accommodate a substantial estate residence in the range of 4,000 to 6,500 square feet, subject to HOA guidelines. A new vinyl seawall is currently being completed by a licensed marine contractor. Kelly Plantation features landscaping, natural beauty, and amenities, including a neoclassical-style clubhouse, an 18-hole championship golf course, a resort-style swimming pool and fitness center, five tennis courts, four pickle ball courts, and scenic walking and biking trails, parks, and bay front boardwalks. Residents benefit from 24-hour gated security and a nature-rich environment. The community offers direct access to the bay, suitable for boating, kayaking, fishing, and dolphin watching. Destin's beaches, shopping, dining, and entertainment at Destin Commons are located across Highway 98. The airport is also a short drive away.

Key Highlights

  • Rare Bayfront homesite with 102 feet of direct frontage in Kelly Plantation.
  • Unobstructed views** of Choctawhatchee Bay from main living areas and primary suite.
  • Located in a prestigious gated community with 24‑hour security and world‑class amenities.

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Building Supply Gym & Fitness Center Skin Care Clinic Tech Support Center Real Estate Agency Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38
Businesses Nearby

Demographics for 32541, FL

18,419
Population
16,390
Households
1.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,462
Density / Sq Mi
$93,004
Median Household Income
$47,991
Median Earnings
$1,976
Median Rent
$498,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Rare waterfront lot in Destin's prestigious gated golf community.
Where is this waterfront land located?
The property is located at 4505 Sawgrass Way Destin, FL.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: Rare Bayfront homesite with **102 feet of direct frontage** in Kelly Plantation.; Unobstructed views** of Choctawhatchee Bay from main living areas and primary suite.; Located in a prestigious gated community with 24‑hour security and world‑class amenities.
More about this property
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