12244 US-98, Destin, FL 32550
Walton County
Key Facts
Description
Extraordinary freestanding retail building oriented on a prime corner parcel at a signalized intersection in proximity to the synergistic retail nucleus of Silver Sands Premium Outlets in South Walton County, Florida, and centralized to all the local mixed-use districts, successfully catering to retail patrons from all local peripheral sub-markets, including but not limited to Destin and Scenic 30A of Santa Rosa Beach, Florida. Fronting Highway 98 in Miramar Beach, Florida, ±50,000 vehicles pass by its 196 fronting feet daily, which convenient ingress and egress lures the traffic into the retail facility through the traffic light at North Geronimo Street and Highway 98 in Miramar Beach, Florida. The current owner has committed significant capital by renovating the building, which even includes escalators to service the second floor of the main showroom. The parcel contains a two-story building, oriented on ±1.18 acres, hosting prime retail and showroom space, as well as private offices, collectively measuring approximately 26,893 conditioned square feet. There is a 3rd floor that accommodates a spectacular executive office, accessible via a private "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. This opportunity is irreplaceable, as Walton County land development code would neither accommodate this expansive yield, nor would a developer endeavor upon such a project, as the development and building costs indicative of this era, coupled with land costs, (even if such prime vacant commercial land at a traffic light were available, which is nearly non-existent), would likely exceed $15m+. All showings are by appointment only and require advanced notice. The listing broker(s) must accompany all showings.
Property Information
Property Type
Commercial Sale
Lot Size
1.18 acres
Days on Market
400
MLS® Listing#
978842
Property Features
Financial Details
Parcel Number
28-2S-21-42000-003-0060
Directions
MapQuest: 12244 US Highway 98 West, Miramar Beach, FL 32550
Affordability Calculator
$1,199,000
Estimated monthly payment
$31,908/mo
Principal $4,796,000 · Est. interest $6,690,847 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Destin, FL
- $640,217
- Median Listing Price
- 116
- Median Days on Market
- 1,500
- Median Sq Ft
- $461
- Median Price / Sq Ft
- 715
- Active Listings
- This home’s price is 836% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Destin, FL.
Location
Getting Around
Points of Interest in Destin, FL
Showing the Destin area map.
Nearby Schools
Gateway Academy
School · 1.4 mi away
Destin Middle School
Secondary · 3.1 mi away
Destin High School
Secondary · 4.0 mi away
Asheford Institute of Antiques
School · 6.7 mi away
Destin Elementary School
Elementary · 7.0 mi away
Emerald Coast Middle School
School · 7.0 mi away
Van R Butler Elementary School
Elementary · 7.0 mi away
Bluewater Elementary School
Elementary · 7.7 mi away
Naval School Explosive Ordnance Disposal
School · 8.0 mi away
The Tree House Episcopal Montessori School
Elementary · 9.0 mi away
Niceville Head Start
School · 9.8 mi away
St. Paul Lutheran Church and School of Niceville
School · 10.0 mi away
Ashnick Academy
School · 10.2 mi away
Addie R Lewis School
Elementary · 10.2 mi away
James E. Plew Elementary School
Elementary · 10.3 mi away
Niceville High School
Secondary · 10.4 mi away
Rocky Bayou Christian School
Secondary · 11.1 mi away
Niceville High School
Secondary · 11.1 mi away
C. W. Ruckel Middle School
Secondary · 11.2 mi away
Emerald Coast Autism Center
School · 11.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 71 Dolphin Street, Destin, FL | $4,299,000 | 8 | 8 | 5,889 |
| 220 Harbor Boulevard Units 1-10, Destin, FL | $4,495,000 | — | — | — |
| 4658 Destiny Way, Destin, FL | $4,495,000 | 5 | 7 | 4,983 |
| 3430 Scenic Highway 98, Destin, FL | $4,500,000 | 4 | 4 | 2,336 |
| 612 Magnolia Drive, Destin, FL | $4,500,000 | 4 | 5 | 6,104 |
| 714 Harbor Boulevard, Destin, FL | $4,650,000 | 8 | 8 | 4,862 |
Moving Cost Estimate
EXIT Agents in Destin
Listing Courtesy: Somers & Company - 8506547777