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300 Cove Villa Road Panama City Beach, FL 32407
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Key Details
Sold Price $1,650,000
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 732671
Annual Tax Amount $743
Tax Year 2014
Lot Size 504.780 Acres
Property Sub-Type Vacant Land
Property Description
25.64 acre Developer opportunity. Zoned Residential 3 (R3) Duplexes, Triplexes, Quadraplexes. The highest and best use is a 278 planned townhome unit development. Development order has expired and would need to be renewed by the new buyer. The site has 8.55 wetland acres and 17.09 upland acres. The current owner invested $1.589 million in water, sewer, and building permit fees; $230,439 in engineering, environmental, architectural design for development order, and $1.818 million for land improvements including building pads. The total cost of improvements is $3.638 million. The initial townhome development was designed for 278 townhomes that were 1,332 square feet each with one car garages (architectural renderings are available).The property is located approximately .1 of a mile north o
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Multi-Family
Exterior
Utilities Available Community Sewer, Community Water, Electric, Gas - Natural, Gas Available, Phone
Schools
Elementary Schools Breakfast Point
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Bought with Non Member Office (NABOR)