4800 US-1, Bunnell, FL 32110 (MLS# 1153720)

4800 US-1, Bunnell, FL 32110

$6,800,000
Property Type: Land Lot Size (sq. ft.): 4,305,906 Status: Closed
Current Price: $6,800,000 List Date: 2/14/2022 Last Modified: 2/13/2025

Overview

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.

Listing Details MLS# 1153720

General Property Information

Lot Size Acres
98.85
CDD Fee YN
No
Association YN
No
Water Body Access YN
No
Waterfront YN
Yes
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
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.

Property Features

Current Use: Commercial; Multi-Family Lot Features: Wooded View: Water Waterfront Features: Lake Front Road Surface Type: Asphalt Possession: Negotiable

Contract Information

Property Sub Type
Unimproved Land
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

Historical Information

Public Historical Remarks 2
Lot Description-Well Drained: Y

More Information

Location, Tax, and Legal

Country
US
Parcel Number
2211305545000000040
Tax Legal Description
NOTTINGHAM

Currently Not Used

Pool Private YN
No

Current Use

Commercial
Yes
Multi-Family
Yes

Lot Features

Wooded
Yes

Possession

Negotiable
Yes

Road Surface Type

Asphalt
Yes

View

Water
Yes

Waterfront Features

Lake Front
Yes
Listing Office: PALM WAVE REALTY
Source MLS Verified
Last Updated: February - 13 - 2025
Information deemed reliable but not guaranteed.