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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

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Frequently Asked Questions

How do I schedule a tour of 12244 Us Route 98?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 12244 Us Route 98.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

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.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 12244 Us Route 98?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Walton County. They will give you all of your available financing options, based on your specific situation and what is available to you.

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.

How do I make an offer on 12244 Us Route 98?

We can handle that for you. Our preferred local agent specializes in commercial sales in Destin and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

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.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

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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