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Property Details

MLS# 466391

Destin Florida
Price:$
6,900,000
Address:
251 Ramsey Branch Rd
City:
Freeport
Freeport Florida Freeport Florida Freeport Florida Freeport Florida Freeport Florida Freeport Florida Freeport Florida Freeport Florida Freeport Florida
Bedrooms:
N/A
Baths Full:
N/A
Baths Half:
Year Built:
N/A
City:
Freeport
Zip:
32439
Status:
A
Subdivision:
No Recorded Subdivision
Last Changes:
Main Area:
Approx SF:
Stories In Unit:
N/A
Style:
N/A
Remarks:
THIS PROJECT HAS PROGRAMS IN PLACE THAT WILL PROVIDE FOR IT TO POSITIVELY CASH FLOW. 1980 FEET OF RAMSEY CREEK FRONTAGE, MOST OF WHICH IS DEEP ENOUGH FOR BOATING. THIS PROPERTY IS CLOSE TO ALL THAT THE EMERALD COAST HAS TO OFFER. A SHORT 10-15 MINUTE DRIVE TO THE BEACHES, CHAMPIONSHIP GOLF COURSES, SHOPPING, AND FINE DINING AND YET REGARDED BY LOCALS AS A HIGH GROUND, STORM PROTECTED PROPERTY. DEVELOPMENT ORDER IS GUARANTEED AT CLOSING. RAMSEY CREEK IS CURRENTLY ENGINEERED FOR 147 TOWN HOMES. THE PROPERTY IS GOING THROUGH ANNEXATION/REZONING WHICH IS EXPECTED TO INCREASE MAXIMUM DENSITY TO 14 PER ACRE OR 205 UNITS AND FINALIZATION IS EXPECTED SHORTLY. THIS PROPERTY HAS A GRANDFATHERED-IN, PAVED, CONCRETE BOAT LAUNCH. THIS IS A GREAT BONUS GIVEN THE DIFFICULT EPA, REGULATORY ENVIRONMENT FOR ESTUARIES LIKE RAMSEY CREEK, WHICH MAKES OBTAINING A CONSTRUCTION PERMIT FOR A NEW BOAT LAUNCH VERY DIFFICULT. RAMSEY CREEK IS A TWO MINUTE BOAT RIDE TO THE BAY AND 30 MINUTES TO THE ENTRANCE OF THE GULF OF MEXICO. AND THE FISHING IS GREAT. THERE ARE FIVE DOCKS ON PROPERTY, 3 HOUSES, AND 4 MOBILE HOMES. RAMSEY CREEK HAS CITY WATER AND SEWER TO THE PROPERTY.

Information:

Const/Siding:
N/A
Appliances:
NA
Utilities:
Energy:
N/A
Exterior
N/A

Additional Information:

Financing:
N/A
Construction
N/A
Facilities
Boat Launch,Dock,Fishing,Waterfront
Provided By:
Sea Sothebys International Realty

All information in this listing, including but not limited to square footage, room dimensions and lot size is approximate and not exact. Buyers are expected to verify any specific information prior to signing any contract. Neither the Emerald Coast Association of Realtors nor any Realtor is liable for any inaccuracies herein.Copyright: 2005 by the Emerald Coast Association of Realtors

Ed Kirkland & Assoc. 800 227-8654 OR 650-6111 Ed@EdKirkland.com
Last Updated: 2008-05-12 21:45:21

© 2004-2005 Destin Florida Real Estate

REMAX Coastal Propeties: Ed Kirkland Broker/Owner,CRS/ABR/E-PRO