Village Mixed-Use Commercial
For Sale
$15,950,000
24-Acres Highway 98, Santa Rosa Beach, FL 32459
Commercial for Sale, Santa Rosa Beach, FL
Property SizeContact for details
Lot Size24.46 Acres
Days on Market180
Property Features for 24-Acres Highway 98
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
VMU
Directions
This acreage is located approximately 1.7 West from the intersection at Highway 331 & Highway 98. and approximately 300' Eastward from the Publix Supermarket in Santa Rosa Beach on the North side of Highway 98.
Subdivision
16 - North Santa Rosa Beach
Standard status
Active
APN
36-2S-20-33290-000-0330
Lot size
24.46 Acres
Taxes and HOA fees
Tax 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
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 Agency:
Somers & Company
Listed By:
John Paul Somers · License #3210089
(850) 654-7777
Added: Mar 16
Changed: Sep 11
Last Checked: Sep 11 at 4:06PM
MLS# 998058
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 24.46-acre commercial land assemblage consists of three contiguous parcels in Santa Rosa Beach. The property carries VMU, or Village Mixed Use, zoning and benefits from an active Walton County development order for a 240-unit multifamily apartment project. The approved site plan includes 454 standard parking spaces and 9 handicap spaces.
The tract extends approximately 1,284 feet along Highway 98 and includes a median crosscut. It is located in South Walton County, east of the larger undeveloped tracts described as State Forest and Parkland. The existing development order establishes a clear apartment-development framework, while the source information also identifies potential transitions to mixed-use retail or elderly care subject to applicable development approvals.
The tract extends approximately 1,284 feet along Highway 98 and includes a median crosscut. It is located in South Walton County, east of the larger undeveloped tracts described as State Forest and Parkland. The existing development order establishes a clear apartment-development framework, while the source information also identifies potential transitions to mixed-use retail or elderly care subject to applicable development approvals.
Key Highlights
- 24.46‑acre tract in South Walton County
- Three contiguous parcels assembled as one development site
- VMU (Village Mixed Use) zoning
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 32459, FL
20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Large development tract with VMU zoning and an active apartment development order in South Walton County.
Where is this commercial land located?
The property is located at 24-Acres Highway 98 Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $15,950,000.
What are key features of this property?
This property features: 24.46‑acre tract in South Walton County; Three contiguous parcels assembled as one development site; VMU (Village Mixed Use) zoning
