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40ac Multi-Family Site - Palm Coast Park

US Highway 1, Palm Coast, Florida 32137
Sold: $900,000
40ac Multi-Family Site - Palm Coast Park

Property Details

Property Type
Land
Building Type
Freestanding
Land Size
40 acres
Zoning
Multi-Family

Property Description

Tract 1 of Palm Coast Park. Approved for 380 Residential Apartments/ Condo Units.

MAJOR PRICE REDUCTION! NOW $1,900,000, WAS $3,040,000 - 37% Reduction in Price!

Development opportunity within 5 minutes of I-95! Perfectly situated just over 5 miles from the golden beaches of Palm Coast and its ever-expanding offering of river and ocean view restaurants, this is the last treasure along the Flagler and Volusia Coast. A dozen golf courses are within 15 minutes of the project and for the boater, there are numerous marinas and the Intracoastal Waterway just under 5 miles away.

Led by the oceanfront resorts of Hammock Dunes and golf communities such as Grand Haven, Palm Coast enjoyed explosive growth throughout the 1990s and early 2000s and now exceeds 100,000 in population. Even during the great recession, Palm Coast added several national retail stores, a major movie theatre and saw the expansion of Florida Hospital. With the economic recovery in bloom, the region is now poised to retake its position as one of Florida’s fastest growing Metropolitan Statistical Areas.

Location