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Description: |
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Rosemary Sound Development is an approved
planned unit development (PUD) located between Fort Walton Beach
and Pensacola, Six miles from Navarre Bridge. The property
consists of 91.6 +/- acres, with 1000’ of highway 98 frontage,
the main highway of the Florida Panhandle. The property also has
1200’ of water frontage on the Sound of Navarre. The PUD has an
approved density of 825 units with schools being provided by
Santa Rosa County School systems.
The development has purchased all mitigation property
required for the entire project. The approvals required by the
Army Cops of Engineers, as well as all DEP permits for the
bridge and wetlands crossing have been completed.
Rosemary Sound has $36,000,000 in the Community Development
District funds approved by all agencies necessary for issuance
of bonds. Rosemary Sound Development master plan contains 6,400
square feet of civic buildings, 49,000 square feet of retail
building, 825 mix units of single-family, townhomes, and condos.
Plan also contains a 100-slip basin marina.
The property was appraised March 25, 2009 for $20,00,000 by
Fruitticher Lowery Appraisal Group, Inc. 3000 Langley Avenue,
Suite 402 Pensacola, Florida 32504.
The estimated development, construction and marketing time is
5-7 years. The projected profit is over $58,000,000; not
including the CDD reimbursements estimated $14,485,000. |
| Lots / # of Units: |
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125 mixed-used residential, 190 single-family
homes, 510 low-rise condominiums, 100 slip marina, 49,000 sq. ft. retail, 6,400 sq. ft. of
civic buildings |
O'Neal Lane
View Development Plat
(Coming Soon)
