796 Harbor Blvd Destin, FL 32541
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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