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$ 85,000
Est. payment | /mo
0.86 Acres Lot
$ 85,000
Est. payment | /mo
0.86 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Acreage
MLS Listing ID 2026041575
HOA Y/N No
Annual Tax Amount $341
Tax Year 2025
Lot Size 0.860 Acres
Acres 0.86
Source Florida Gulf Coast
Property Description
This is NOT the sale of the entire property or an individual 0.86-acre lot. The property was formerly a 12-unit condominium. The condominium building was demolished, and what is being sold is a 1/12 ownership interest in the former condominium property/common land. The previous listing agents described it as a 1/12 interest in an approximately 200' x 200' commercially zoned property. The buyer is purchasing the ownership interest/share, not the entire underlying land. Important points that must be disclosed in the listing: Sale is for a 1/12 ownership interest only. Buyer is not purchasing the entire property. Former 12-unit condominium; the building has been demolished. The ownership interest is associated with the former condominium property. Previous listings state there is currently no active HOA and no HOA fees being charged. According to the previous listing information, a buyer would need permission from the other 11 ownership interests to build. Buyer must perform their own due diligence regarding title, development rights, zoning, condominium documents, and the rights associated with the 1/12 interest. This is a unique investment opportunity because the underlying property as a whole is a significantly higher-value asset, but we need to be very careful that the marketing does not imply that the buyer is acquiring the entire parcel.
Location
State FL
County Escambia
Community Non-Gated
Area Acreage
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected
Waterfront Description None
View Y/N Yes
Present Use 00-Vacant Residential
Street Surface Paved
Garage No
Building
Lot Description Oversize
Sewer None
Water None
New Construction No
Others
Senior Community No
Tax ID 14-3S-32-1029-000-010
Listed by Keller Williams Island Life RE • Sean Seward
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "