50.8 acres in Santa Rosa County, Florida
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50.8 acres in Santa Rosa County, Florida

5658 US HWY 90, Pace , Florida 32571 - Santa Rosa County
$1,985,000 50.80 Acres
Property ID 4735383

Description

Rare residential development opportunity located in the heart of Pace, one of the states most rapidly growing communities. The 50.8 acre site is located on the north side of Highway 90, which is the main commuter artery through Pace and Milton, FL. The site has two access points on the east and west sides of the property, Lori Lane and Craig Street. The property is zoned R-1 Residential which permits 4 lots/acre. The owner has two conceptual plans which include a 200 lot plan and alternate plan which could enlarge the lots and create 136 lots. This is an excellent development site in Pace with the unique aspect of having the beautiful Pond Creek located on the north end of the property. The Pond Creek waterway and surrounding forest will serve as the perfect natural amenity and common area for a potential residential development and homeowners. The population growth in Pace has skyrocketed in the last decade to over 52,000 and continues to be a strong housing market with the close proximity to military bases and desirable features Pace has to offer.

Directions

W on US 90 from Avalon Blvd about 1/2 mi. Property lies north of commercial acreage with access on Lori Lane (west side) and Craig Street (east side).

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Jeffery Hyde
Berkshire Hathaway HomeServices PenFed Realty

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