401 BEACH DRIVE, DESTIN, OKALOOSA COUNTY, FLORIDA, USA
EXECUTIVE SUMMARY
CBRE Limited, on behalf of Zeifman Partners Inc., is pleased to offer for sale 7.6 acres located at 401 Beach Drive (known as the “Property” or “Site”) in the heart of the city of Destin, Florida. One of the last remaining large developable tracts in the established market area, and enjoying Institutional zoning, the Property is primed for senior housing development. The offering includes fully completed architectural plans for one 3-story building with proposed 136 planned senior housing units. The Property is designed with a housing unit mix to accommodate Independent Living, Assisting Living and Memory Care units, and associated support services. The Property is well positioned within a stable neighborhood, making it an ideal place for a future seniors residence.
Ideally placed, the Site is located minutes from Destin’s main thoroughfare of US Hwy 98 that connects Destin to South Walton and all of the beach towns of the Emerald Coast. Situated less than two miles from The Shoppes at Ninety Eight Palms and Palms Station that include major retailers of Target, Winn Dixie, Hobby Lobby, and Walgreens, and less than 10 miles from one of Destin’s major economic drivers, Eglin Air Force Base.
401 Beach Drive offers a rare in-fill development opportunity in the highly sought-after Destin market, the heart of the beautiful Emerald Coast. Destin’s ideal demographics and market fundamentals provide exceptional support for a senior development in this location, with recent market study indicating significant unmet demand for independent living housing.
DEVELOPMENT CHECKLIST
Zoning in Place
Civil Engineering Plans
Architectural plans, updated January 2023
MEP, Structural and Fire Safety plans
Landscaping plans
Food service plans
Senior Housing Market Study dated 12/2022
![401_BEACH_DRIVE_aerial](https://cbreland.ca/florida/wp-content/uploads/sites/11/2023/08/401_BEACH_DRIVE_aerial.jpg)
NEARBY AMENITIES
DESTIN HARBOR BOARDWALK
INDIAN BAYOU GOLF & COUNTRY CLUB
CRAB ISLAND
VIEW BROCHURES & CONTACT AGENTS
FORT MYERS
Robbie McEwan
Senior Vice President
+1 407 427 9860
[email protected]
Michael McEwan
Associate
+1 850 585 5290
[email protected]
NEW PORT RICHEY
Robbie McEwan
Senior Vice President
+1 407 427 9860
[email protected]
Michael McEwan
Associate
+1 850 585 5290
[email protected]
OCOEE
Robbie McEwan
Senior Vice President
+1 407 427 9860
[email protected]
Michael McEwan
Associate
+1 850 585 5290
[email protected]
OKALOOSA COUNTY
Thomas Watson
Senior Vice President
+1 850 527 3524
[email protected]
Elizabth Forsythe
Senior Associate
+1 850 585 5290
[email protected]
Sam Herrera
Associate
+1 714 227 3829
[email protected]