0 Gulf BlvdNavarre, FL 32566

This exceptional 23.24-acre commercial land parcel presents a rare development opportunity on Florida's coveted Emerald Coast. Situated in Navarre Beach, Santa Rosa County, on Santa Rosa Island, this property boasts approximately 1,800 feet of frontage along the Santa Rosa Sound and 1,250 feet along Gulf Boulevard, a major thoroughfare with a high average daily traffic count of 10,000 vehicles. Zoned NB-PMUD (Navarre Beach Planned Mixed Use Development), the site allows for a diverse mix of commercial and residential development, with a maximum density of 30 residential units per acre. Conceptual plans, available for review, envision a substantial mixed-use development including approximately 697 residential condominium units, 148 condo/hotel units, and 100,000 square feet of commercial retail space. A potential 148-slip marina along the Santa Rosa Sound is also envisioned. The zoning also permits an RV park, catering to the area's booming tourism. With Santa Rosa County experiencing a 19% population increase in the last decade, this location offers significant growth potential. The asking price for this unparalleled waterfront property is $24,500,000. The property's APN is 28-2F-26-0000-00500-0000. This is one of the largest remaining undeveloped waterfront properties on Santa Rosa Island, offering a unique chance to capitalize on the area's thriving tourism and residential markets.