MAJOR PRICE REDUCTION OVER One of the only opportunities to own acreage in Franklin County.
Nestled along the southeastern boundary of beautiful Tate’s Hell State Forest and along the scenic Crooked River, Pine Coast Plantation is a quiet rural development made up of small coastal woodland properties. This 45 acre parcel is a mix of mature planted pine, creek bottom, and some clearcut (scheduled to be re-planted this winter) ready to be developed by someone who loves both coastal and forest life. The neighborhood is a short 15 minute drive to Carrabelle, FL, a quaint gulf coast town known for its seafood industry, deep sea fishing opportunities, and laid back lifestyle. The property is only a few hundred feet from the community’s private boat ramp on the Crooked River. It presents an ideal opportunity for someone seeking a private setting in a scenic area with access to the many Gulf Coast amenities Florida is known for. And further, because Franklin County is almost entirely owned by the State of Florida, this property represents one of the only opportunities to own acreage of magnitude near the Franklin County coast.
For the investor, this tract is priced at the low end of recent neighborhood comparable sales. It presents an immediate tract split opportunity as smaller lots in the community have sold at a premium. This property could be parceled into 4 separate 10-15 acre units according to the homeowners association covenants. HOA fees are minimal (less than in 2015) and primarily cover maintenance of the road system.
If you’re looking for a nice property close to the coast with an abundance of natural upside, give me a call to schedule a tour of this one.