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Listed by Tracey McMackin Blumac Realty
$2,500,000
Est. payment /mo
4.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 989906
Lot Size 4.320 Acres
Acres 4.32
Source Emerald Coast Association of REALTORS®
Property Description
Alee Development Partnership or Full Acquisition
ALEE is structured to provide investors two compelling paths: 1. Development Partnership - A $2.5M equity investment for a percentage of ownership of the total project. This equity fuels the transition to vertical construction under a SmartBank term sheet and positions investors to share proportionally in cash flows, appreciation, and sale proceeds. Executive Summary |
ALEE: The Next Icon of Waterfront Living
ALEE is redefining coastal luxury in Northwest Florida. Anchored within the prestigious BayPoint master-planned community and directly adjacent to The St. Joe Company's Point South Marina, ALEE represents the final undeveloped marina-front parcel of its kind in Bay County a once-in-a-generation opportunity to create a landmark destination on the Emerald Coast.
The 4.32-acre site is approved for 56 luxury condominium
residences averaging over 2,000 square feet each, with expansive
350+ SF decks, private parking, and sweeping views of St. Andrews Bay. Designed with the timeless architectural sensibility of Alys Beach and Rosemary Beach, ALEE combines Bermudan-inspired forms with modern functionality courtyards, rooftop terraces, and lush pedestrian walkways that blend high-end residential, boutique retail, and social space into a seamless waterfront community.
The development includes ~10,000 square feet of curated retail and restaurant space, three resort-style pools, a members' club with pool and bar, and a business and wellness center (See Photo Renderings). Development opportunity is within .2 miles of the marina and its 180 new state-of-the-art boat slips and close to the Intercoastal Waterway.
ALEE is structured to provide investors two compelling paths: 1. Development Partnership - A $2.5M equity investment for a percentage of ownership of the total project. This equity fuels the transition to vertical construction under a SmartBank term sheet and positions investors to share proportionally in cash flows, appreciation, and sale proceeds. Executive Summary |
ALEE: The Next Icon of Waterfront Living
ALEE is redefining coastal luxury in Northwest Florida. Anchored within the prestigious BayPoint master-planned community and directly adjacent to The St. Joe Company's Point South Marina, ALEE represents the final undeveloped marina-front parcel of its kind in Bay County a once-in-a-generation opportunity to create a landmark destination on the Emerald Coast.
The 4.32-acre site is approved for 56 luxury condominium
residences averaging over 2,000 square feet each, with expansive
350+ SF decks, private parking, and sweeping views of St. Andrews Bay. Designed with the timeless architectural sensibility of Alys Beach and Rosemary Beach, ALEE combines Bermudan-inspired forms with modern functionality courtyards, rooftop terraces, and lush pedestrian walkways that blend high-end residential, boutique retail, and social space into a seamless waterfront community.
The development includes ~10,000 square feet of curated retail and restaurant space, three resort-style pools, a members' club with pool and bar, and a business and wellness center (See Photo Renderings). Development opportunity is within .2 miles of the marina and its 180 new state-of-the-art boat slips and close to the Intercoastal Waterway.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Multi-Family
Direction 25 miles SE of the Panama City Bay County Int'l Airport. From Panama City Beach Parkway. Keep right toward NSA Main Gate, Bay Point. Turn L onto Front Beach Rd and keep R after 600 feet. Turn R onto Navy Blvd, go 2.1 miles and turn L onto Magnolia Beach Rd. After 1.9 miles turn R onto Jan Cooley Dr; .4 miles turn R onto Bay Point Rd at the round about - 2nd exit to Marriott Dr 900 ft on R
Exterior
Garage No
Building
New Construction No
Others
Tax ID 31373-000-000
Special Listing Condition Real Estate Owned
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