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About This Home
This 0-bedroom, 0-bathroom condo at 98 and 114 Skipper Avenue in Fort Walton Beach, FL is listed for $950,000. on a 1.02 acres lot.
Seize a high-density development opportunity ideally situated off Racetrack Rd in Fort Walton Beach. This 1.02-acre property falls within the Urban Development Area Boundary (UDAB), a designation in Okaloosa County that provides regulatory benefits for urban growth.
The site comprises two adjacent parcels with an impressive 499 feet of combined road frontage - 327' on Skipper Ave and 172' on Katherine Street. Developing inside the UDAB allows you to maximize density and height with potential for up to 25 units (subject to final county approval), as well as benefitting from relaxed setback requirements, expedited development approval and potential tax benefits.
An occupied duplex exists on the south end of the property on Skipper. May be razed or utilized for interim income. Buyer to verify lot dimensions.
Key Features
- 1.02 acre lot
Monthly Cost Estimate
$5,081/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
98 and 114 Skipper Avenue
Fort Walton Beach, FL 32547
Questions & Answers
This 0-bedroom, 0-bathroom condo at 98 and 114 Skipper Avenue is listed at $950,000. The estimated monthly payment is $4,117 based on 20% down at 6.5% interest.
Key features include: 1.02 acre lot.
This property is listed by Ed & Terri Smith and can be reached at 8508375500 or admin@floridabrokers.com.
