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Property profile & analytics
OFF-MARKET
Commercial real estate

796 Harbor Blvd Destin, FL 32541

2.88 ac lot
Entity Owned 4-yr Hold
Property ID
US18-5992413
Property summary
AI-generated overview

This exceptional 2.88-acre parcel presents a remarkable development opportunity in Destin, Florida. Located at 796 Harbor Blvd, this high-density residential zoned land boasts over 300 feet of captivating waterfront on Destin Harbor. Currently part of the Marbella Condominium Project, the property includes a Development Order for a 52-unit residential condominium tower. However, the zoning allows for potential amendment to accommodate single-family homes or townhomes, offering considerable flexibility for developers. The site benefits from completed infrastructure, including sewer, water, and underground utilities, with a Certificate of Completion issued by the City of Destin. This ensures a streamlined development process, minimizing potential delays and costs. A comprehensive survey is readily available, along with copies of the Marbella Master Condominium Project documents, providing detailed insights into the existing development framework and community guidelines. This prime location in Okaloosa County, Florida (zip code 32541), offers unparalleled access to Destin's vibrant lifestyle and stunning natural beauty. The asking price for this exceptional property is $3,995,000.

Property profile
Verified
Property type Commercial real estate
Lot 2.88 ac (125,453 SF)
UPID US18-5992413
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mdr Harbor LLC · 4 yrs held
Mdr Harbor LLC
since 2022
2 recorded transactions
2022
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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