$8,841,000
Palm Coast, FL 32137
MLS# 1078931
Status: Closed
1 / 10
Property Description
Offered for sale is Ocean Village, a multifamily development site in Palm Coast, FL. This 45+/- acre development site is zoned, engineered and approved for up to 421 residential units (site can be subdivided). Ocean Village offers tremendous flexibility in use, programming, site design and phasing. A Development Order and SJRWMD Master Stormwater Permit are already in hand, which will accelerate your development timeline and allow you to deliver units faster. Uses such as Build For Rent, garden-style apartments, low rise condos and townhomes are all possible under the current zoning. Ocean Village is near the intersection of SR 100 and Colbert Lane and offers access to the best natural amenities in all of Flagler County.
Details
Contract Information
Listing Date: 2020-12-28
Current Price: $7,791,054.35
Sold Price: $7,791,054.35
List Price/SqFt: 7.6
List Price/Acre: 195510.84
Sellers Preferred Escrow Agent: N/A
Location, Tax & Legal
Street #: 6420
Street Name: FL-100
County: Flagler
State/Province: FL
Zip Code: 32137
Area: 60 - Palm Coast
Maint Fee Paid: N/A
Sub-Type: Multi-Family Land
Tax ID: 39-12-31-0000-01010-0090
Directions: Located on SR 100, just west of Colbert Lane. Site is 1 mile east of I-95 and 2 miles west of the Atlantic Ocean.
Zoning: Multi-Family
Zoning (Text): MFR-2
General Property Description
Subdivision: Palm Coast Plantation
Lot Size: 45.22 Acres
Acreage: 45.22
Lot SqFt: 1163488
Franchise Opt In: No
Remarks & Misc
Easement: Parcels 39-12-31-0000-01010-0090 & 10-12-31-0000-00010-0030
Status Change Info
Status: Closed
Under Contract Date: 2021-09-02
Sold/Leased Date: 2022-01-03
Sold/Leased Price: 7791054.35
Sold Price/SqFt: 6.7
Sold Price/Acre: 172292.22
Property Features
Land Type-Commercial: Multi-Family
Supplements
The site is just 2 miles from the Atlantic Ocean and downtown Flagler Beach. Flagler Beach, a quaint beachside city just over the SR 100 bridge, offers unique dining, shopping and outdoor entertainment experiences. Within walking distance from Ocean Village are the Graham Swamp Preserve (bicycling on Lehigh Trail, hiking, fishing), Beach Village (Publix, restaurants, retail) and Wadsworth Park (sports fields, play areas, dog park).
Flagler County is again experiencing tremendous residential growth. In 2006 it was the fastest growing county in the entire United States. People continue to migrate to this area from the north and residential options (especially rentals) are limited. Exciting new projects have been recently announced, including the new Jacksonville University campus and UNF Mednex, that will continue to drive growth here. The UNF Mednex will be the nation's first comprehensive, university-based medical nexus and will be less than 2 miles west from Ocean Village in the Palm Coast Town Center.
Listing Office: SVN Alliance Commercial Real Estate Advisors
Last Updated: May - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.