Attention enterprising entrepreneurs and real estate investment specialists! You and your partners should check out this unique “ready to do” deal located in Grayton Beach just off Scenic 30A in South Walton. Location is always one of the vital keys to real estate value and this seven acre development has that in spades. It is located right in the heart of Scenic 30A territory which has become a Mecca for an affluent avalanche of tourists and a secondary home destination for some of the wealthiest families in America. This is the recently discovered unspoiled land of sugary white crystalline quartz beaches, glittering emerald toned waters, rare exotic coastal dune lakes filled with abundant wildlife and thousands of acres of preserved natural forest. Picture perfect pre-planned coastal villages dot the coast here featuring seasonal festivals, musical concerts, restaurants, friendly beach bars, galleries, bistros and boutiques.
This special site spans over seven acres and is surrounded by state forest on three sides. Over one million dollars of work has already been completed for initial infrastructure and the fully approved vertical construction is ready to begin for the platted Grayton Grand Hotel and Condominiums project.
The approved Development Order includes 173 total units which will encompass 75 luxury hotel rooms, 20 luxury “lock out” condominiums, 20 two bedroom condominiums and 58 one bedroom units.
The Grayton Grand will have a lushly landscaped resort style pool that will resemble a double lagoon with patio cabanas, a roof top terrace where you may view the glistening gulf in the distance, a restaurant, a reception banquet hall, a fitness center with a spa, a few retail shops and special bridal suites.
The location and amenities will attract wedding parties, business seminars, family beach reunions, visiting vacationers as well as fortunate families seeking part-time restful residence.
Demand for vacancies far outpaces supply here in South Walton since at the present time there are only a total of 115 hotel rooms along Scenic 30A with 60 of them at The Watercolor Inn and the balance miles away at the far eastern end in Rosemary Beach. The complex will also include over three hundred parking spaces, 112 of which will be covered.
This part of the Emerald Coast is a popular primary driving destination from major metropolitan areas including Atlanta, Birmingham, Nashville and New Orleans. Atlanta for example is only about a five and one half hour away. This location is also only forty-five minutes equidistantly away from Panama City International Airport and the Destin/Ft. Walton Beach Airport, both of which have increased non-stop flights from the rest of the nation as interest in the Emerald Coast has burgeoned. This property is offered at $7,785,000.
Call an Ocean Reef Real Estate Consultant today for more information and pertinent documents at (877) 392-6085. This lucrative investment enterprise should be of great interest to you and your business associates.