- Status:
- Pending
- MLS #:
- 978842
- County:
- Walton
- Listed By:
- John Paul Somers - Somers & Company
- Agent Email:
- jps@somerscompany.com
Sponsoring Broker: Jennifer Ledesma, Berkshire Hathaway HomeServices Beach Properties of Florida
Extraordinary freestanding retail building oriented on a prime corner parcel at a signalized intersection in proximity to the synergistic retail nucleus of Silver Sands Premium Outlets in South Walton County, Florida, and centralized to all the local mixed-use districts, successfully catering to retail patrons from all local peripheral sub-markets, including but not limited to Destin and Scenic 30A of Santa Rosa Beach, Florida. Fronting Highway 98 in Miramar Beach, Florida, ±50,000 vehicles pass by its 196 fronting feet daily, which convenient ingress and egress lures the traffic into the retail facility through the traffic light at North Geronimo Street and Highway 98 in Miramar Beach, Florida. The current owner has committed significant capital by renovating the building, which even includes escalators to service the second floor of the main showroom. The parcel contains a two-story building, oriented on ±1.18 acres, hosting prime retail and showroom space, as well as private offices, collectively measuring approximately 26,893 conditioned square feet. There is a 3rd floor that accommodates a spectacular executive office, accessible via a private "floating" staircase. The structural integrity of the building is phenomenal, and the finishes throughout are exceptional. This opportunity is irreplaceable, as Walton County land development code would neither accommodate this expansive yield, nor would a developer endeavor upon such a project, as the development and building costs indicative of this era, coupled with land costs, (even if such prime vacant commercial land at a traffic light were available, which is nearly non-existent), would likely exceed $15m+. All showings are by appointment only and require advanced notice. The listing broker(s) must accompany all showings.
-
- Acres
- 1.18
-
- Area
- 15 - Miramar/Sandestin Resort
-
- County
- Walton
-
- City
- Destin
-
- Zip Code
- 32550
-
Nearby Schools
-
72out of 100
-
51out of 100
-
52out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 06/15/2025 | Off Market | — |
| Source: Emerald Coast Association of REALTORS #978842 | ||
| 06/14/2025 | Listed | $5,995,000 |
| Source: Emerald Coast Association of REALTORS #978842 | ||
Source: MLS Data
Deed History
| 09/17/2013 | Warranty Deed | $1,800,000 |
| 03/09/2011 | Trustee’s Deed (Certificate of Title) | $0 |
| 07/16/2010 | Special Warranty Deed | $4,950,000 |
| 04/03/2000 | Warranty Deed | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 09/17/2013 | Commercial | $2,200,000 |
| 11/21/2006 | Commercial | $5,500,000 |
Source: Public records via Constellation Data Labs
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There are currently 619 properties available in Destin, with 0 under contract to close soon. Properties in the city have an average sale price of $882,802 and typically spend 112 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 12244 Us Route 98?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $5,995,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Destin, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 12244 Us Route 98?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 12244 Us Route 98 at around $34,116. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 12244 Us Route 98?
In most cases, yes. Whether 12244 Us Route 98 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Destin's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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How long has this property been on the market?
12244 Us Route 98 was listed on June 14, 2025, which means it's been on the market for 514 days.
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What is the lot size of this property?
12244 Us Route 98 sits on a 1.18-acre lot, which is 51,401 square feet.
Is 12244 Us Route 98 still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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