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Land - Mixed - Use
Porthaven - PUD
Highway 98 & 1st Street
East Point, FL 32328
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- $83.5 MM (39%) Projected Profit on $212.3 MM Total Cost
- 30 AC FL Waterfront Mixed-Use Development Site
- Includes All Entitlements & Approvals
- 300+ Residential Units plus 58,550 SF Commercial
- 1500' Water Frontage
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- Located 73 Miles from Tallahassee & 61 Miles from Panama City
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Price |
$42,500,000 |
Down Payment |
(100%) $42,500,000 |
Lot Size (SF) |
1,323,353 |
Price Per SF |
$32.12 |
Lot Size (Acres) |
30.38 |
Price Per Acre |
$1,398,947 |
Buildable SF |
683,700 |
Price per Buildable SF |
$62.16 |
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Assessor's Parcel Number |
Assemblage |
Zoning |
PUD (C-1, C-4, R-8) |
Lot Size Dimensions |
Irregular |
Taxes |
$387,000 |
Frontage |
1,500 feet of Water Frontage |
Utilities |
All Available |
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This investment represents an opportunity to acquire through a joint venture 30 +/- acres of waterfront property in Eastpoint located in the heart of Florida’s “Forgotten Coast” an area known for its natural beauty and excellent sporting opportunities. Porthaven is a New Urbanist development project focused on creating vibrancy and a sense of community among the visitors to the area. Designed by the nationally renowned architectural and land planning firm DPZ, Porthaven achieves this sense of connectedness through pedestrian orientation, complementary amenities, specialty retail and a variety of residential components. Porthaven includes up to 311 residential units accommodating a wide range of lifestyles, ages and incomes, including single family home lots, townhomes, condominiums, live/ work units and approximately 58,550 SF of retail space. The variety contributes to the vitality of Porthaven by bringing together individuals different lifestyles and interests into the same community and has the added benefit of spreading unit absorption across a wide range of customers.
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| Listing Office:
5201 Blue Lagoon Drive Suite 100 Miami, FL 33126
Tel: (786) 522-7000
Fax: (786) 522-7010
www.marcusmillichap.com |
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| This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © Marcus & Millichap 2006 |
| (Activity ID: N0240002 Property ID: 1430609) |
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| The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Prinicpals are advised to conduct a thorough due dligigence for any potential transaction. Marcus & Millichap Real Estate Brokerage Company's name and logo are used herein for information purposes only. |
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| Copyright 2006 South Florida Land Broker, Inc. - All Rights Reserved. |
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