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$2,000,000
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Property Description
DEVELOPERS ====>>> Prime Infill Development Opportunity - 1.25 Acres just one block from the sugar-white sands of the Gulf, this rare 1.25-acre parcel in Walton County (Miramar) offers an exceptional opportunity for infill development. Zoned for residential use and, per county guidance, likely eligible to be subdivided into up to eight buildable lots, this property is a dream for developers looking to capitalize on strong demand for coastal living. Per the seller, natural gas is available, allowing you to tap into those buyers who prefer to cook with gas, and sewer is available along Payne Street as well. Whether you envision a collection of luxury coastal homes, vacation rental cottages, or a private residential enclave, this parcel offers the size, location, and flexibility to bring your vision to life. With utilities nearby and favorable zoning, it's a rare opportunity to build in one of the most desirable areas on the Emerald Coast. Ideally situated between the Gulf of Mexico and Choctawhatchee Bay, the location offers easy access to multiple public beach access points, boat launches, and bayfront parks. Nearby are top-tier shopping, dining, and entertainment options at Grand Boulevard, Destin Commons, and Silver Sands Premium Outlets. Scenic Highway 30A is just minutes away, with its boutique shops, art galleries, and charming beach towns. The Destin-Fort Walton Beach Airport (VPS) is also within easy reach, adding convenience for future residents and vacationers. ===>>Structures on the property, though believed to be in good condition, are given zero value.
Full Property Details
Full Property Details for 56 Payne St
General
- Sold For: $2,000,000
- Status: Closed
- Type: Residential Lots
- Source: Pensacola
- MLS ID: 665304
- Added to Site: 233 day(s) ago
Business
- Misc. Information: AERIALS AVAILABLE
Location
- County: Walton
- Driving Directions: From the Mid Bay Toll Bridge go left (east) on Hwy 98. Turn South on Driftwood Rd. Right onto Payne St.
School Information
- Elementary School: Local School In County
- Middle School: LOCAL SCHOOL IN COUNTY
- High School: Local School In County
Utilities
- Sewer: Tap Fee Due
- Water: Public
Structural Information
- Current Bldg. Use: Residential, See Remarks
Lot Features
- Lot Size (Acres): 1.25
- Frontage: County Road
- Street/Road Desc.: Paved
- Topography: High/Dry, Level
- Lot Features: Interior Lot, Cleared
- Zoning: Res Single
Financial Considerations
- Price Per Sq. Ft.: $1,600,000
Disclosures and Reports
- Documents Avail.: Aerial Photo, See Remarks
- Property ID: 302S21422900000870
Listed by Re/Max Infinity
Sold by PAR Outside Area Listing Office
Get Pre-Approved Today
Schools
Schools serving 56 Payne St
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Van R. Butler Elementary School 6694 West County Highway 30A, Santa Rosa Beach, FL 32459 | K-5 | 7.7 mi |
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459 | 6-8 | 16.5 mi |
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459 | 9-12 | 12.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 56 Payne St
Date
Details
Price
Change
Source
6/18/2025
Sold
$2,000,000
-18.27%
MLS
6/02/2025
Listed
$2,447,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
56 Payne St, Miramar Beach, FL 32550 (MLS# 665304) is a Residential Lots property that was sold at $2,000,000 on June 18, 2025. Want to learn more about 56 Payne St? Do you have questions about finding other Residential Lots real estate for sale in Miramar Beach? You can browse all Miramar Beach real estate or contact a Coldwell Banker agent to request more information.

