Destin and Area Communities

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36008 Emerald Coast Pkwy, Suite 201
Destin, Florida 32541
M: (850) 543-5588
O: (850) 830-9502
F: (850) 807-2999

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$2,995,000 - 122 Calhoun Ave, DESTIN

-
Bedrooms
-
Baths
226,948
SQ. Feet
5.21
Acres

An excellent opportunity to create a cozy village of cottages on the last of the large parcels in the ''old Destin'' section of the greater Destin metropolitan area. The heritage of the first settlers and inhabitants of the Worlds Luckiest Fishing Village still flows through the magnificent oaks and magnolias that populate the parcel and the rest of the Calhoun area.It is a perfect location to drop a condominium, townhome or clustered bungalow style community, or boutique hotel. Close to the unique harbor of Destin, every destination point along this charming area is within walking, biking, or golf cart access from this parcel. Zoned Calhoun Mixed Use Village for residential, hotel, commercial and short-term general development.The opportunity has 8 parcels that span Calhoun to Sibert($2,995,000.) " Zoned Calhoun Mixed Use Village for residential, commercial and general development " Density is 12 units per acre multi-family, 9 units per acre single family" Height limitation is 3 stories 35' single-family, 4 stories 50' multi-family " Floor Area Ratio is .5, or 113,474sf. Other adjacent properties are also potentially available. " Homes across the street on the Choctawhatchee Bay are now on market at $800+/sf " Subject parcel is across from two large city parks in which the city is highly invested " Parcel conducive to a golf cart community type development with walking/bicycle/golf cart access to all the entertainment and restaurant amenities in the harbor district. " This is the last of the large parcels available in the old part of Destin that is zoned for mixed use multi-family. Survey is attached. The highest density will be achieved by a 4-story condo, the highest sales per sq foot would be with single-family homes on separate building lots, the most fun would be "tiny house" bed and breakfast communities (which could be modified in future by selling off the individual tiny houses and re-purposing the property) or a boutique hotel of up to 200 rooms that could accommodate transient visitors enjoying all of the surrounding entertainment and food venues. There are no Development Orders at present time. Review "Documents" for potential use concepts.

Essential Information

  • MLS® #:
    836979
  • Price:
    $2,995,000
  • Square Footage:
    226,948
  • Acres:
    5.21
  • Type:
    Residential Land
  • Status:
    Active

Community Information

  • Address:
    122 Calhoun Ave
  • Area:
    DESTIN
  • Subdivision:
    Old Destin
  • City:
    DESTIN
  • County:
    OKALOOSA
  • State:
    FL
  • Zip Code:
    32541

Amenities

  • Utilities:
    Public Sewer Available, Public Water Available, TV Cable Available
  • Features:
    Additional Land Available

Exterior

  • Lot Description:
    Additional Land Available

School Information

  • Elementary:
    DESTIN
  • Middle:
    DESTIN
  • High:
    FORT WALTON BEACH

Additional Information

  • Days on Website:
    167
  • Zoning:
    Business, Commercial, Residential Multi-Family, Residential Single Family, See Remarks

Listing Details

  • Listing Office:
    Taylor Allen Properties Llc

DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2020, All rights reserved.

Listing information last updated on June 4th, 2020 at 1:23am CDT.

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