Ad #7412312
MLS #998058
EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce
24-Acres Hwy 98, Santa Rosa Beach, FL 32459
$15,950,000
--Beds
--Baths
--Sqft
24.46Acres
About this property
EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce and flourishing market of Santa Rosa Beach, Florida! An opportunity to acquire 24.46 prime contiguous acres in South Walton County is virtually non-existent, as most of the remaining larger tracts of undeveloped land Eastward from this assemblage of (3) contiguous parcels, all the way to Bay County, is vast State Forest and Parkland. Expanding 1,284 feet along Highway 98, this site also contains a median crosscut. An Active Development Order for (240)-units of multi-family apartments has been recently issued by Walton County, yet additional development uses could include a Campus for various Levels of Elderly Care, Big Box Retail with Outparcels (i.e.-Home Depot, Lowe's, Target, Wal-Mart, etc...), which would... likely require only a 'Less than Minor Development Order' or 'Minor Development Order' to crossover from apartments to a mixed-use retail venue or elderly care campus. The land use and zoning is the most preferred in the local development community, known as V.M.U. (Village Mixed Use). The active development order for apartments involves a site plan accommodating (454)-car parking spaces with an additional (9)-handicap spaces. Please inquire for further details.
Property Features
0 Beds
0 Baths
0 Sqft
24.46 Acres
Walton County
Additional Photos
Contact Information
John Paul Somers
Somers &Company
850-654-7777
Location
Listing Agent: John Paul Somers (License #: 3210089) 850-654-7777
Broker: Somers &Company 850-654-7777 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Somers &Company 850-654-7777 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$15,950,000
--
Beds
--
Baths
--
Sqft
24-Acres Hwy 98, Santa Rosa Beach, FL 32459
By contacting this agent you agree to these Terms and Conditions.
MLS# 998058
EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce
$15,950,000
24-Acres Hwy 98, Santa Rosa Beach, FL 32459
--
Beds
--
Baths
--
Sqft
24.46
Acres
$15,950,000
24-Acres Hwy 98, Santa Rosa Beach, FL 32459
-- Beds
-- Baths
-- Sqft
24.46 Acres
EXTREMELY RARE NEW DEVELOPMENT OPPORTUNITY in the very scarce and flourishing market of Santa Rosa Beach, Florida! An opportunity to acquire 24.46 prime contiguous acres in South Walton County is virtually non-existent, as most of the remaining larger tracts of undeveloped land Eastward from this assemblage of (3) contiguous parcels, all the way to Bay County, is vast State Forest and Parkland. Expanding 1,284 feet along Highway 98, this site also contains a median crosscut. An Active Development Order for (240)-units of multi-family apartments has been recently issued by Walton County, yet additional development uses could include a Campus for various Levels of Elderly Care, Big Box Retail with Outparcels (i.e.-Home Depot, Lowe's, Target, Wal-Mart, etc...), which would... likely require only a 'Less than Minor Development Order' or 'Minor Development Order' to crossover from apartments to a mixed-use retail venue or elderly care campus. The land use and zoning is the most preferred in the local development community, known as V.M.U. (Village Mixed Use). The active development order for apartments involves a site plan accommodating (454)-car parking spaces with an additional (9)-handicap spaces. Please inquire for further details.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
24.46 Acres
FINANCIAL & COMMUNITY
Walton County
Location
Mortgage Calculator
Ad Statistics
Ad Number
7412312
Viewed
192 times
Listing Status
Active
Added
Mar 16, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Emerald Coast Association of Realtors
Source Property ID
998058
Listing Agent: John Paul Somers (License #: 3210089) 850-654-7777
Broker: Somers &Company 850-654-7777 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Somers &Company 850-654-7777 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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