1900 Scenic Hwy 98, Destin

SELLER APPROVED $655,000 PRICE REDUCTION ON 8/1/11! ENORMOUS GULF-FRONT PARCEL IN THE PREMIER DESTIN LOCATION IS PRICED TO SELL!! Situated just to the East of The Back Porch Restaurant & Signature Beach and just to the West of Silver Beach, you will find one of the highest profile Gulf-front parcel to hit the Destin market in years. This property includes 6 contiguous parcels, and boasts 151 ft of gorgeous Destin Beach frontage and 150 ft of Scenic Hwy 98 frontage. 1900 Old Hwy 98 is located in the center of all of the world class amenities that Destin has to offer, and is only 5 minutes from Destin Airport. The current owners have a Development Order for a 12 Story, 16 unit, 54,540 sq. ft luxury tower and received the final DEP approval in 01/2010. The property is zoned Gulf Resort Mixed Use (GRMU) and the Density (Tier 2 Dev) allows for 25 units per acre. This is the perfect development opportunity, and all of the heavy lifting has been completed for you! This iconic property could also be transformed into an exclusive family waterfront enclave. All 6 parcels are offered as one, and sold as is. Structures that are currently located on the property will convey with no material value and no seller warranty. Here is your chance to grab a major foothold on the Gulf at a reduced price!