About this home
PRICE ADJUSTED TO REFLECT A CLEAR DIRECTIVE TO SELL. The family office that owns this exceptional A1A waterfront development property made the strategic decision to redeploy its capital into its core operating business. As a result, ownership has issued a clear directive to sell, and the asking price has now been significantly adjusted to reflect that decision. The property hasn't changed. The waterfront hasn't changed. The location hasn't changed. The development potential hasn't changed. What has changed is the seller's motivation and price. Two parcels with 250± feet along the water and 300± feet along Highway A1A. Formerly the Pa-Ja Motel and Henley Marine, this property is cleared, leveled and ready for development. There is a total of 11± finger piers and 17± boat slips.
Listing last checked: Listing updated:
Listed by Robert Hamman · SVN Waterfront Commercial Realty · MLS #R11078016
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Details at a glance
Building1 property facts
- Style
- Unimproved Land
Land & utilities2 property facts
- Waterfront
- Y
- Zoning
- CS/CG
Financial2 property facts
- Annual taxes
- $68,690
- Assessment year
- 2024
Location
Estimated monthly cost
Explore costs at the $8,500,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$48,705 / monthAdjust
- Principal & interest
- $42,981
- Property tax
- $5,724
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $68,690. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Sld
$4,950,000 · Sold $4,600,000 · Sep 17, 2020
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About 18275 Highway A1a
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