Description

BANK OWNED, MOTIVATED SELLERS, PARCEL IS 125.39 ACRES AND FRONTAGE ON BAYGROVE ROAD WITH BAY VIEWS. THE PROPERTY DOES HAVE WETLANDS. WALTON COUNTY WETLANDS MAP WAS USED IN APPRAISAL TO ESTIMATE THE WETLAND AREA. THE WETLAND AREAS ARE ALL LOCATED IN THE SOUTHERN PORTION OF THE PROPERTY. THE HIGHEST AND BEST USE IS FOR A RESIDENTIAL NEIGHBORHOOD. THE 125.39 ACRE PROPERTY IS ZONED RURAL VILLAGE WHICH ALLOWS FOR RESIDENTIAL DEVELOPMENT OF UP TO 2 UNITS PER ACRE. WATER AND SEWER ARE AVAILABLE ALONG BAYGROVE ROAD. WETLAND AREA DENSITY CAN BE TRANSFERRED TO THE UPLAND AREA AS LONG AS ALL SETBACKS AND RESTRICTIONS ARE MET. THE AREA ALSO QUALIFIES FOR AN AFFORDABLE HOUSE DENSITY BONUS. DEPENDING ON THE PERCENTAGE OF THE PROPERTY THAT IS DEDICATED TO AFFORDABLE HOUSING DENSITY CAN BE INCREASED TO 8 UNITS PER ACRE. A REQUIREMENT FOR AFFORDABLE HOUSING DENSITY INCREASES, RESTRICTS APPLICATION AND DEVELOPMENT TO COMPANIES THAT HAVE EXTENSIVE EXPERIENCE IN AFFORDABLE HOUSING PROJECTS. (THIS INFORMATION TAKEN FROM APPRAISAL) ALL INFORMATION SHOULD BE VERIFIED BY BUYERS.