Sunset Pass at Lake Powell is the Emerald Coast’s Premier Waterfront Development Parcel
During the real estate market boom in 2004 and 2005, development parcels were the most coveted real estate. Developments on Scenic 30A, Destin and Panama City Beach would be instant cash cows for the savvy developers. When the market crashed many of the prime developments were left unfinished or completely abandoned and became bank owned property. In 2011 many investors realized the potential of purchasing development tracts along the Emerald Coast. DR Horton and Kolter Homes bought many of the developments and the Emerald Coast has since becomes DR Horton’s #1 selling market in the country.
Sunset Pass has been off the market since 2006 while it’s owners waited out the market downturn. It is truly one of the last hidden gems on the Emerald Coast. With it’s ideal location, gulf and sunset views, this exceptional development site represents a once in a lifetime opportunity to own a race piece of Florida waterfront property.
Sunset Pass is an exceptional and rare investment opportunity to acquire one of the most highly desired waterfront development parcels in the Florida Panhandle.
Located on the eastern end of Philips Inlet on Lake Powell, this 39 acre site was recently approved for a 117-lot residential PUD with 22 waterfront parcels and boasts approximately 1,721 linear feet of water-frontage. Prime location convenient to Scenic Hwy 30A including Rosemary Beach and Alys Beach; Pier Park; and the Northwest Florida Beaches International Airport. With 39 contiguous waterfront acres and its stunning, unobstructed sunset views over the Gulf of Mexico and Lake Powell, Sunset Pass sets itself apart as one of the most highly desirable development sites on the Emerald Coast as well as the largest available from Destin to Panama City Beach.