106 Union Ave, Crescent City, FL 32112
This exceptional 57.18-acre property in Putnam County, Florida, offers unparalleled waterfront access via the St. Johns River, leading directly to the Atlantic Ocean. Located in a federally designated Opportunity Zone, this fee-simple land presents significant investment potential. Zoned AE, it's ideal for a large private estate or a luxury eco-resort. Enjoy proximity to major attractions like Disney, Daytona Beach, and St. Augustine, as well as five international airports. The property boasts existing infrastructure including electricity, natural gas, high-speed internet, and access to a natural aquifer for well water. A septic tank system is permitted. Importantly, this site remained flood-free during Hurricane Ian. A permit from the Florida Department of Environmental Protection is already in place for a 300ft pier and a large covered boat dock capable of accommodating a 50ft yacht. The asking price is $5,700,000, representing $100,000 per acre. The address is 106 Union Ave, Crescent City, FL 32112.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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