0 Walter Boardman Ln Ormond Beach, FL 32174
This exceptional 36.56-acre property presents a unique investment opportunity in Ormond Beach, Florida. Situated on the Intercoastal Waterway, this parcel includes a 2.56-acre upland island, meticulously surveyed and documented. The property is zoned as Resource Corridor in Volusia County, bordering Flagler County, offering potential for annexation and diverse development possibilities. The seller will transfer an easement from the State of Florida, granting access via the Intercoastal Waterway. A county boat launch is conveniently located less than half a mile away, providing easy access. The island's higher elevations, resulting from state-managed dredging, are a key feature, and this soil stability will be protected via the transferred easement. The 2.56-acre upland portion is partially cleared. This property's prime location and significant acreage make it ideal for various projects, including a marina, resort, hotel, or multifamily development. The asking price is $349,999. The APN is 223100000010. The property is privately owned and offered for sale by owner. Boat access only.
Cap rate
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Property description
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