NOT LISTED FOR SALE

Estimated Value: $1,545,000

0.6 Acre
$2,575,000 Price per Acre
26,136 Sq Ft Lot

Last Sold March 21, 2022

Last sale price $6,500,000

Current estimated payment $9,268/month

1 Day on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • 0.6 Acre Lot
  • Bay Elementary School Rated A-

About This Lot

As of March 2022

Under contract, will take back ups. Large Gulf Front lot extending from Hwy, 30A to the waterline with 65 feet of water frontage. One of only two gulf front lots currently on the market along 30A. Lot currently has a tennis court on it but isn't usable. This lot has a very high elevation. Buyer to preform own due diligence as to highest and best use.

Last Agent to Sell the Property

Teresa Kelly

Compass License #3119140 Listed on: 01/25/2022

Compass

Last Buyer's Agent

Beau Blankenship

Christies International Real Estate Emerald Coast

Christies International Real Estate Emerald Coast

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,644

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 65x400
  • Property fronts gulf or ocean
  • Property fronts a county road
  • Property is zoned Resid Multi-Family

Property Views

  • Gulf Views

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Listing and Financial Details

  • Assessor Parcel Number 28-3S-18-16000-010-0022

Community Details

Overview

  • Gulf Lake Beaches Estates Subdivision

Recreation

  • Beach

Property Details

Property Type

Land

Est. Annual Taxes

$17,644

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.6
  • Lot Size: 65x400
  • Road Frontage Type: County Road
  • Road Surface Type: Paved Road
  • Subdivision Name: GULF LAKE BEACHES ESTATES
  • Directions: From 98, south onto Watersound Parkway then West on Hwy. 30A, property on the left just before Pelican Circle.
  • Utilities:Sewer Available: Yes
  • Utilities:Public Water: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Survey Available
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Lot Features:Survey Available: Yes

Utilities

  • Utilities: Public Water, Sewer Available

Condo/Co-op/Association

  • Community Features: Beach

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 26136.0
  • Parcel #: 28-3S-18-16000-010-0022
  • Zoning: Resid Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17643.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2023
Sold by
Pelican Cmj Llc
Bought by
Providence Pelican Investments Llc
Current Estimated Value
$1,545,000

Purchase Details

Closed on
Jul 21, 2023
Sold by
Waterview 322 Llc
Bought by
Freeman Stacey and Bowden Susan

Purchase Details

Closed on
May 17, 2023
Sold by
Providence Pelican Investments Llc
Bought by
Pelican Cmj Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,400,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2022
Closed on
Mar 18, 2022
Sold by
Cox Kenneth W and Cox Peggy S
Bought by
Providence Pelican Investments Llc
Seller's Agent
Teresa Kelly
Compass
Buyer's Agent
Beau Blankenship
Christies International Real Estate Emerald Coast
List Price
$6,500,000
Sold Price
$6,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-35.00%
Original Mortgage
$3,250,000
Interest Rate
3.39%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Providence Pelican Investments Llc $100 South Oak Title
Freeman Stacey $100 None Listed On Document
Pelican Cmj Llc $5,500,000 South Oak Title
Providence Pelican Investments Llc $6,500,000 Mcmichael & Gray Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pelican Cmj Llc $4,400,000
Previous Owner Providence Pelican Investments Llc $3,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2023 02/13/23 Off Market $6,500,000 -- --
03/21/2022 03/21/22 Sold $6,500,000 0.0% --
01/26/2022 01/26/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $6,500,000 -- --
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,821 $1,016,811 $1,011,811 $5,000
2023 $8,821 $970,819 $965,819 $5,000
2022 $20,005 $2,567,158 $2,562,158 $5,000
2021 $18,379 $2,174,800 $2,169,800 $5,000
2020 $17,367 $1,990,095 $1,985,095 $5,000
2019 $15,874 $1,845,005 $1,840,005 $5,000
2018 $14,045 $1,587,800 $0 $0
2017 $12,506 $1,402,705 $1,397,705 $5,000
2016 $11,542 $1,285,270 $0 $0
2015 $9,996 $1,040,942 $0 $0
2014 $8,980 $901,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 888003

Emerald Coast Association of REALTORS®

APN: 28-3S-18-16000-010-0022