For Sale
$2,395,000

98 Hwy Santa Rosa Beach, FL 32459

Prime 2.29-Acre Hotel Site

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 2.29-acre commercial lot, located in Santa Rosa Beach, Florida (APN 33-2S-20-33260-001-0003), presents a rare investment opportunity. Priced at $2,395,000, this already entitled site is perfectly positioned along Highway 98, boasting approximately 328 feet of frontage. Part of the approved Sandbar community's commercial plat, it serves as the gateway to a larger 30+ acre development, offering unparalleled visibility and accessibility. With an estimated 40,000+ vehicles passing daily, this location benefits from high traffic volume and synergy with surrounding mixed-use developments. The site is entitled for a 100-key hotel, totaling 56,000 square feet of buildable space. The favorable topography and existing entitlements should significantly streamline the development process, making this a cost-effective project. This prime location in one of Florida's fastest-growing markets, Santa Rosa Beach, near Scenic 30A, ensures strong potential for return on investment. The property is situated in Walton County, Florida, zip code 32459. Additional contiguous land may be available for buyers seeking a larger parcel. Contact for details.

Highlights

  • $2,395,000 asking price for a commercial land parcel.
  • Entitled 100-key hotel site.
  • ±2.29 acres of uplands with ±328' of Highway 98 frontage in Santa Rosa Beach, FL.
  • Located in the master-planned Sandbar community, offering high visibility and convenient access to Scenic 30A.
  • 56,000 square feet of entitled intensity.

Property Details for 98 Hwy

Property type
Land

Location Insight

City
Santa Rosa Beach
County
Walton
State
Florida
Latitude
30.374498662866
Longitude
-86.249653515872

FAQs

What type of property is this?
Land - Prime 2.29-Acre Hotel Site
Where is the land located?
The property is located at 98 Hwy Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: $2,395,000 asking price for a commercial land parcel.; Entitled 100-key hotel site.; ±2.29 acres of uplands with ±328' of Highway 98 frontage in Santa Rosa Beach, FL.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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98 Hwy
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