Santa Rosa Beach Bank Owned Developments as Craig's Distressed Property Pick April 5 2010

This week I have selected two Bank Owned Developments in Santa Rosa Beach. Each of the developments are off Scenic 30-A and close to the beautiful white sand beach and emerald green waters of Santa Rosa Beach. If you are developer or investor these two parcels are an excellent opportunity to build out homes in the much desired Santa Rosa Beach area. Single family residential home inventory is down 36% year to date with 12.8 months of inventory on hand. There is a build up of demand for entry level price point vacation homes along Scenic 30-A and represents an incredible investment opportunity along Scenic 30-A. 

Santa Rosa Beach Development – Gulf Landing 113 Satin Wood Drive

Gulf Landing – 113 Satin Wood is a 1.5 +/- acre parcel zoned for 10 lots with underground utilities, fence and initial infrastructure in place. Gulf Landing is near the highly desirable Draper Lake area and a short walk to Gulfview Heights public beach access. With low construction prices or building out with world class system built homes, this property would be an excellent return on investment.

Gulf Landing Site Plan – pdf

Santa Rosa Beach Development – Seacroft Heights 60 & 11 Seacroft Drive

Seacroft Heights in Santa Rosa Beach is a 2.51 acre parcel with an active development order for 20 single family residences. Seacroft Heights is of Scenic 30-A and close to Gulfview Heights Public Beach Access. This development is in the ideal location for a private gated community with convenient access to Gulf Place shopping and dining. This property includes several houses and outbuildings that could be moved, rented or demolished.

Seacroft Heights Site Plan – pdf

If you are interested in buying distressed property on Scenic 30-A or if you are interested in Team Baranowski listing your home or property. Please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com.