$25,000,000
SOLD AUG 26, 2025

4401 Us Highway 98 E Point Washington, FL 32459

50 Acres
$500,000 Price per Acre
2,178,000 Sq Ft Lot

Sale Details

Date Sold: August 26, 2025

9% Above List Price

135 Days on Market

Highlights

  • Intracoastal View
  • Home fronts a creek
  • Additional Land
  • Dune Lakes Elementary School Rated A-
  • 50 Acre Lot

About This Lot

As of August 2025

50 acre +- vacant parcel located in Point Washington across from Regional Utilities, The parcel fronts a natural creek (Peach Creek) that runs into the intracoastal, approximately 2500' of waterfront, great development parcel in the 6th fastest growing county in the nation, there is 15 acres owned by the same owner upfront that they may parcel out but will have access through it that is zoned VMU MOTIVATED SELLER. BRING ALL OFFERS.

Last Agent to Sell the Property

Craig Barrett

NBI Properties Inc License #3294646 Listed on: 03/16/2022

Co-Listed By

Jayme Nabors

NBI Properties Inc License #3104014

Last Buyer's Agent

Craig Barrett

Realty House Commercial Prop

Property Details

Property Type

  • Land

Lot Details

  • 50 Acre Lot
  • Home fronts a creek
  • Property fronts a highway
  • Property fronts an easement
  • Additional Land
  • Subdivision Possible

Property Views

  • Intracoastal Views

Schools

  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Community Sewer or Septic
  • Phone Available
  • Cable TV Available

Community Details

  • 65 Acre Parcel That Runs Along Peach Creek Deep Water That Goes To The Intracoastal, 20 Acres On Hwy Subdivision

Listing and Financial Details

  • Assessor Parcel Number 36-2S-19-24000-007-0000

Property Details

Property Type

Land

Lot Details

50 Acres

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 50.0
  • Lot Size: irregular
  • Road Frontage Type: US Highway, Easement
  • Co List Office Mls Id: ENBI
  • Co List Office Phone: 850-243-0007
  • Subdivision Name: 65 Acre parcel that runs along Peach Creek deep water that goes to the Intracoastal, 20 acres on Hwy
  • Directions: Property is located 1 mile east of Hwy 395 and Hwy 98 across from Regional Utilities
  • Remarks Misc:Remarks: 50 acre +- vacant parcel located in Point Washington across from Regional Utilities, The parcel fronts a natural creek (Peach Creek) that runs into the intracoastal, approximately 2500' of waterfront, great development parcel in the 6th fastest growing county in the nation, there is 15 acres owned by the same owner upfront that they may parcel out but will have access through it that is zoned VMU MOTIVATED SELLER. BRING ALL OFFERS.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Utilities:Community Water: Yes
  • Waterview:Intracoastal Waterwy: Yes
  • Waterfront:Creek: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Addl Land Available, Aerials/Topo Availbl, Survey Available, Will Divide
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Lot Features:Survey Available: Yes
  • Lot Features:Addl Land Available: Yes
  • Lot Features:AerialsTopo Availbl: Yes
  • Lot Features:Will Divide2: Yes

Utilities

  • Sewer: Community Sewer, Public Sewer
  • Utilities: Community Water, Electric, Phone, Public Water, TV Cable
  • Utility: Yes

Schools

  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 2178000.0
  • Parcel #: 36-2S-19-24000-007-0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
Aug 26, 2025
Sold by
Morgan Lorraine B and Morgan Pearl
Bought by
Nlc Holdings Inc
Seller's Agent
Craig Barrett
NBI Properties Inc
Buyer's Agent
Craig Barrett
Realty House Commercial Prop
List Price
$23,000,000
Sold Price
$25,000,000
Premium/Discount to List
$2,000,000
8.7%
Views
21
Current Estimated Value
$204,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,796,000
Avg. Annual Appreciation
-99.95%
Original Mortgage
$10,000,000
Outstanding Balance
$9,996,349
Interest Rate
18%
Mortgage Type
Seller Take Back
Estimated Equity
-$9,792,349

Purchase Details

Closed on
Jan 12, 2021
Sold by
Marshall Marie and Marshall Marie M
Bought by
Marshall M Marie and M Marie Marshall Living Trust
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $23,000,000 None Listed On Document
Interfamily Deed Transfer -- Accommodation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000,000 Seller Take Back
Closed $10,000,000 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2025 08/26/25 Sold $25,000,000 +8.7% --
07/29/2022 07/29/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $23,000,000 -- --
Source: Emerald Coast Association of REALTORS®

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
2025 $1,901 $359,504 -- --
2024 $955 $145,915 -- --
2023 $955 $69,242 $0 $0
2022 $963 $156,434 $0 $0
2021 $915 $138,574 $125,874 $12,700
2020 $930 $137,383 $124,683 $12,700
2019 $882 $132,919 $120,219 $12,700
2018 $401 $40,186 $0 $0
2017 $392 $39,549 $26,849 $12,700
2016 $388 $38,733 $26,033 $12,700
2015 $380 $37,397 $24,697 $12,700
2014 $364 $35,342 $22,642 $12,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 814093

Emerald Coast Association of REALTORS®

APN: 36-2S-19-24000-007-0000

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