0 PRESERVE Lane
Palm Coast, FL 32137
MLS# 2134046
Property Description160-200 Unit Condo or Apartment Development Site - Infrastructure in Place
Rare opportunity to acquire a multifamily development site in rapidly growing Palm Coast suitable for condominium or apartment construction. Prior plans supported 160 residential units with potential for up to 200 units with variance, offering strong upside for developers and investors. Infrastructure is already in place, providing a major head start for development and potential savings in time and construction costs. Seller will provide site plans, engineering reports, and development documentation to qualified buyers. Conveniently located near I-95, shopping, healthcare, and area beaches, with easy access to Jacksonville and Daytona Beach. Palm Coast continues to experience strong population growth, creating increasing demand for new housing.
Country: US
Parcel Number: 03-12-31-0000-01010-0140
Tax Legal Description: 22.85 AC LYING W OF COLBERT LANE & W OFRET.POND POR BEGIN NW CRNR THENCE S012812E-1971.69, N881311E-659.22' S013711E-673.14' , S892902E-386.53', N053617E-898.02' TO A CURVE-160-34', N425559W-50.98 TO A CURVE-24.28',TO A CURVE-11.27
Zoning Description: Multi Family
Lot Size Acres: 22
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Senior Community YN: No
Directions: I-95 S TAKE EXIT 289 toward PALM COAST TURN LEFT onto COAST PKWY SW 1.5 MILES TURN RIGHT onto COLBERT LN 3 MILES TO PRESERVE LN ON RIGHT
Public Remarks: 160-200 Unit Condo or Apartment Development Site - Infrastructure in Place
Rare opportunity to acquire a multifamily development site in rapidly growing Palm Coast suitable for condominium or apartment construction. Prior plans supported 160 residential units with potential for up to 200 units with variance, offering strong upside for developers and investors. Infrastructure is already in place, providing a major head start for development and potential savings in time and construction costs. Seller will provide site plans, engineering reports, and development documentation to qualified buyers. Conveniently located near I-95, shopping, healthcare, and area beaches, with easy access to Jacksonville and Daytona Beach. Palm Coast continues to experience strong population growth, creating increasing demand for new housing.
List Price/Acre: 436363.64
Multi-Family: 1
Unimproved: 1
Close Of Escrow: 1
Other: 1
Electricity Available: 1
Sewer Available: 1
Current Price: $9,600,000
Property Sub Type: Unimproved Land
Status: Active
List Price: $9,600,000
Listing Contract Date: 2026-02-26
Street Name: PRESERVE
Street Suffix: Lane
Postal Code: 32137
MLS Area Major: 601-Flagler County-North Central
Subdivision Name: The Preserve
Major Change Timestamp: 2026-03-10T01:01:56Z
Major Change Type: New Listing
Current Use: Multi-Family; Unimproved
Utilities: Electricity Available; Sewer Available; Water Available
Waterfront Features: Pond
Road Surface Type: Asphalt
Road Frontage Type: City Street
Listing Terms: Cash; Conventional; Other
Possession: Close Of Escrow; Other
Development Status: See Remarks
Listing Office: RARE REAL ESTATE LLC
Last Updated: March - 10 - 2026
Information deemed reliable but not guaranteed.
