SonnyLeon
LOT SIZE 0.860 acres
MLS#A4708293
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONOCEAN WINDS CONDO
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.
Property Features
Property Type: Land - Residential
Lot Size: 0.86 Acres
Taxes: $341
Feature Descriptions
Days on Site: 26
Directions: From Sorrento Road (SR 292), head south toward Perdido Key and cross the Theo Baars Bridge. Continue on Perdido Key Drive (SR 292) for approximately 1.4 miles past the bridge. Continue straight past the surrounding Perdido Key businesses and condominiums.
Flood Zone Code: X
Home Warranty Y/N: No
Lot Dimensions: 0.86
Ownership: Fee Simple
Pets Allowed: Yes
Property Attached Y/N: No
Road Frontage: 200
Sewer: None
Showing Instructions: Go Direct
Special Sale Provisions: None
Utilities: Electricity Available
Water: None
Water Access Y/N: No
Zoning: COM-PK
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Agency Contact: 941-254-6467
Shown By
Agent Name: Sonny Leon
Agent Phone: (617) 733-2454
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 242.38 per month $189.17 Principal & Interest $28.42 Property Tax $24.79 Homeowner's InsuranceChange Payment Information
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14598 Perdido Key Drive , Unit 10 | MLS# A4708293
This land located at 14598 Perdido Key Drive , Unit 10, Pensacola, FL 32507 is currently listed for sale with an asking price of $85,000. The property has approximately 0.86 Acres. Search Pensacola real estate on sleon.realty100.com today.