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6420 FL-100, Palm Coast, FL 32137

$7,791,054.35
Property Type: Land Lot Size (sq. ft.): 1,969,783 Status: Closed
Current Price: $7,791,054.35 List Date: 12/28/2020 Last Modified: 9/26/2024

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.

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.

More Information MLS# 1078931

General Property Information

Lot Size Acres: 45.22 Lot Size Dimensions: 45.22 Acres Association YN: Yes Association Fee 2: 0 Pool Private YN: No Water Body Access YN: No 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. Public Remarks: 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. List Price/Acre: 195510.84 Sold Price/Acre: 172292.22

Location, Tax, and Legal

Country: US Parcel Number: 39-12-31-0000-01010-0090 Tax Annual Amount: 7877 Tax Year: 2019 Tax Legal Description: 26.71 AC POR NE CRNR SEC 10 SE 1280.24', SW 738' TO POB SE 1316.81' THENCE ALONG A CURVE SWLY 866.31' +/-, NW 1328.02' +/-, NE 896.42' TO POB LYING IN SEC 39 & 10 PT OF THIS DES IS PARCEL 1 AS PER SURVEY PROVIDED OR 637 PG 899 OR 961 PG 1149 (ANNEX T O CITY OF PC, #2017-1 OR 2184/649) OR 2287/494

Current Use

Multi-Family: 1 Unimproved: 1

Historical Information

Public Historical Remarks 1: Zoning (Text): MFR-2; Lot SqFt: 1163488.00; Easement: Parcels 39-12-31-0000-01010-0090 & 10-12-31-0000-00010-0030; Franchise Opt In: No

Contract Information

Current Price: $7,791,054.35 Property Sub Type: Unimproved Land Status: Closed Sold Price: $7,791,054.35 Listing Contract Date: 2020-12-28

Location Tax and Legal

Street Number: 6420 Street Name: FL-100 County: Flagler State: FL Postal Code: 32137 MLS Area Major: 60 - Palm Coast Subdivision Name: Palm Coast Plantation

Status Change Information

Major Change Timestamp: 2022-01-03T15:44:19Z Major Change Type: Status Change Price Change Timestamp: 2021-05-25T20:28:20Z Purchase Contract Date: 2021-09-02 Close Date: 2022-01-03 Close Price: 7791054.35

Property Features

Current Use: Multi-Family; Unimproved
Listing Office: SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 26 - 2024
Information deemed reliable but not guaranteed.

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