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.
Craig Parrish says
Interested in purchasing a lot in Sunset Pass. What can you share?
Craig Baranowski says
Sunset Pass is currently being sold as a development parcel. Once it is under contract I will be able to communicate what the intended use of the parcel may be. Most buyers interested in the parcel are looking to develop it as a single family planned community. The waterfront parcels will have spectacular views.
Erin Hubert says
My two sisters and I are interested in purchasing a beach house/investment property together on 30a. We have no experience in this and would like any information you can provide. Thank you! You can reach me through email or phone 931-561-8087.
james ridings says
interested in waterfront lot a sunset pass
Goodnight_CommRow, I used the word nice in the sense that it is nice that perhaps we have seen the end of deiinnclg home values. Nice in that there may be some stability seen in the market. The question as to when/if the bottom of the market has been reached has been asked on this blog for for the past five years. Wouldn’t it be nice to finally have an answer to that question?Raymond and GC, as to this blog being a just another realtor shill site , I feel that I maintain balance on the blog by presenting pieces from a variety of sources representing many takes on the market. For example, last week I posted, . I didn’t see this piece picked up by the other local blogs or media outlets.A couple weeks ago I posted
Congratulations on the sale, but this project is headed for a repeat of the Park City Sky Lodge disaster in my opinion.
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