Water Front
Address
10+ Acres 270' On Beach;Extends To Hwy98 Circle Miramar Beach, FL
Price
$ 20,000,000
Property Attributes
  • MLS#802123
  • TypeLand
  • CountyWALTON
  • CityMiramar Beach
  • AreaMiramar-Sandestin Resort
  • NeighborhoodThe Pennington Estate
  • Zip32550
  • Style
  • Taxes83928
  • Price$ 20,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10.78 Acres
Listing Provided Courtesy Of:
Somers & Company
Property Description

Rare and irreplaceable generational estate now offered for sale! This incredible 10.78-acre private compound features 270' of unimpeded shoreline on the Gulf of Mexico in Miramar Beach, Florida! Designated "Coastal Center" under Walton County's F.L.U.M., this unique property could make an amazing trophy property for a discerning family, or it could present a variety of (re)development opportunities, perhaps to include a boutique hotel, condominiums, and single-family homes.The existing residence, known as Casa Lauren, is oriented on 135' of the total 270' beach-front expanse. Please inquire for further details. Showings are by advanced appointment only. Buyer(s) must verify the accuracy of all information and specifications. The subject offering includes (4) contiguous parcels.

Elementary School Middle School High School
Van R Butler Elementary School Emerald Coast Middle School South Walton High School
Price History
7/2/2018 Listed $20,000,000

General Features

Area 15 - Miramar/Sandestin Resort
As Is Yes
Elementary School Van R Butler
High School South Walton
Middle School Emerald Coast
Sub Area 1504 - Miramar Beach Southeast
Subdivision The Pennington Estate
Zoning Coastal Center

Interior Features

Utilities Electric

Exterior Features

Acreage 10.78
Lot Description Addl Land Available, Within 1/2 Mile to Water
Lot Dimensions 270x1740
Mineral Rights No
Waterfront Gulf
Waterfront: Waterfront Feet 270
Waterview Gulf

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32550

Price
AVG $870K
$20M
Taxes
AVG $3,349
$83,928
Visits
AVG 23
4

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