$6,800,000
4800 US-1
Bunnell, FL 32110
MLS# 1153720
Status: Closed

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Property Description
Beautiful lakefront site for a profitable multi-family development in Flagler County, one of the fastest growing counties in America. Two brand new hospitals planned in the immediate area. The parcel is site approved for 256 apartments & includes a 7.08 acre com outparcel or can also add 80 more units. Master Development approval has been completed. The city is excited to embrace and break ground. Palm Coast area is accelerating with newcomers. There is an increased demand for housing, especially apartments. This property is in close proximity to historic St. Augustine and is a quick 15 minute drive to the Ocean. World famous Daytona Beach is a short drive South. This beautiful parcel is also in very close proximity to great shopping and popular restaurants in Palm Coast.

Details
Location, Tax, and Legal
Country: US
Parcel Number: 2211305545000000040
Tax Legal Description: NOTTINGHAM
General Property Information
Lot Size Acres: 98.85
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Directions: Property located at US Hwy 1 North, property is just north of White View Pkwy and just south of Palm Coast Parkway. Located on the east side of the road.
Public Remarks: Beautiful lakefront site for a profitable multi-family development in Flagler County, one of the fastest growing counties in America. Two brand new hospitals planned in the immediate area. The parcel is site approved for 256 apartments & includes a 7.08 acre com outparcel or can also add 80 more units. Master Development approval has been completed. The city is excited to embrace and break ground. Palm Coast area is accelerating with newcomers. There is an increased demand for housing, especially apartments. This property is in close proximity to historic St. Augustine and is a quick 15 minute drive to the Ocean. World famous Daytona Beach is a short drive South. This beautiful parcel is also in very close proximity to great shopping and popular restaurants in Palm Coast.
List Price/Acre: 68791.1
Sold Price/Acre: 68791.1
Currently Not Used
Pool Private YN: No
Current Use
Commercial: 1
Multi-Family: 1
Lot Features
Wooded: 1
Possession
Negotiable: 1
Road Surface Type
Asphalt: 1
View
Water: 1
Waterfront Features
Lake Front: 1
Historical Information
Public Historical Remarks 2: Lot Description-Well Drained: Y
Contract Information
Current Price: $6,800,000
Property Sub Type: Unimproved Land
Status: Closed
Sold Price: $6,800,000
Listing Contract Date: 2022-02-14
Location Tax and Legal
Street Number: 4800
Street Name: US-1
County: Flagler
State: FL
Postal Code: 32110
MLS Area Major: 601-Flagler County-North Central
Subdivision Name: Not Validd
Status Change Information
Major Change Timestamp: 2023-01-23T14:35:24Z
Major Change Type: Status Change
Purchase Contract Date: 2022-05-19
Close Date: 2023-01-20
Close Price: 6800000
Property Features
Current Use: Commercial; Multi-Family
Lot Features: Wooded
View: Water
Waterfront Features: Lake Front
Road Surface Type: Asphalt
Possession: Negotiable
Listing Office: PALM WAVE REALTY

Last Updated: February - 13 - 2025

Information deemed reliable but not guaranteed.

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