See Home Value
Walton 32459
5416 W US Highway 98
$3,900,000
● Land - Off Market

5416 W US Highway 98

Santa Rosa Beach, FL 32459
bedrooms
Studio
bathrooms
0 Bath
$21,805
Est. Monthly

About This Property

Positioned along the well-traveled corridor of US Highway 98, 5416 W US Highway 98 presents a compelling opportunity within the evolving landscape of Santa Rosa Beach. Comprising just over seven acres across three combined parcels, this offering brings together scale, visibility, and accessibility in a setting primed for thoughtful development.

With prominent highway frontage, the property benefits from consistent exposure and ease of access, creating a strong foundation for a wide range of commercial possibilities. The surrounding area continues to experience steady growth, enhancing both the presence and long-term potential of this location. The size and configuration of the land allow for a vision that is both expansive and intentional--whether designed for a single-use concept or a more dynamic, mixed-use environment. The site's visibility from Highway 98 ensures a natural connection to the flow of daily life along the Emerald Coast, while its accessibility supports seamless arrival and departure.

Defined by opportunity and positioned for impact, 5416 W US Highway 98 offers a rare canvas in one of the region's most active corridors--an address where thoughtful planning and design can shape something truly lasting.
Unit Size
-
Days on Market
101 days
Land Size
7.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$739
HOA Dues
-
Year Built
1973

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Last updated: 4 months ago (ECAR #1000855)

Price History

Date / Event Date Event Price
Jul 27, 2026 Sold
Sold
May 12, 2026 In contract -
In contract
Apr 17, 2026 Listed by Corcoran Reverie SRB $4,290,000
Listed by Corcoran Reverie SRB
Apr 28, 2025 Relisted $4,300,000
Relisted
Dec 17, 2024 No longer available -
No longer available
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Property Highlights


Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 67,126
  • Lot Size Depth Feet: 2,920
  • Lot Size Frontage Feet: 2,300
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 19
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: S/D OF SEC 292S20
  • Land Acres: 0000001541
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: COM SE/C LOT 18 FOR POB N88 DEG 32 28 W 230.38 FT S01 DEG 09 31 W 50.72 FT S88 DEG 11 09 E 6.98 FT S01 DEG 09 31 W 182.62 FT N88 DEG 11 09 W 7FT S01 DEG 09 31 W 99.50 FT TO N R/W ST RD 30 THENCE ELY ALONG R/W TO SE/C LOT 17 THENCE N 330 FT MOR

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950604

Zoning

  • Zoning: HWY 98

Geography

  • Assessors Map Reference: S2-29-20
  • Parcel: 29-2S-20-33000-017-0030
  • Block: 1700
  • Lot: 18
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3753
  • Longitude: -86.2674

    Address

  • Full Address: 5416 Us Highway 98 W
  • Address - House Number: 5416
  • Street Segment Direction: W
  • Address - Street Name: Us Highway 98
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H019
  • 4-Digit Zip Code: 3558
  • Zip Code: 32459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $648,268
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 3,434,493
  • High Value: 4,229,985
  • Low Value: 2,639,002

    Market Valuation

  • Market Total Value: $870,038
  • Market Land Value: $816,296
  • Market Improvement Value: $53,742

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $870,038
  • Assessed Land Value: $816,296
  • Assessed Improvements Value: $53,742
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton


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Frequently Asked Questions

When was property at 5416 U.S. 98 built and last sold?
The property at 5416 U.S. 98 was built in 1973 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5416 U.S. 98 is $4,332,900.
What are some comparable homes to 5416 U.S. 98?
There are currently no comparable homes to 5416 U.S. 98.