US-98

Off Market

US-98

Midway FL 32563

30448.44 sq. ft.

Land

Last sold for $225,000

Elaijuah Staten, last sold this property on 20 August 2026 after 34 days on market.

Overview

Presenting an exceptional residential development opportunity in the highly desirable Gulf Breeze corridor. Situated in the rapidly expanding 4400 Block of Gulf Breeze Parkway, this premier 0.699-acre parcel is primed for a multi-family project, townhome development, or luxury rental complex. Developers and builders will find an immediate logistical advantage with the property's flexible HCD zoning, which uniquely permits a high-density residential allowance of up to 18 dwelling units per acre. This generous density parameter translates to a potential of up to 12 luxury units on this high-performing site, subject to local administrative site-plan approvals. Beyond zoning flexibility, the property sits entirely in Flood Zone X, meaning it is 100% high and dry with no mandatory flood insurance requirements. This premium designation allows a builder to design with maximum efficiency, maximizing the physical building footprint of the residential units without losing vast portions of the acreage to massive, deep stormwater retention basins. Furthermore, utility access is exceptionally straightforward, with public water and public sewer lines highly accessible along the property corridor line. This existing infrastructure significantly lowers initial civil engineering and site prep costs while dramatically accelerating the construction timeline. Located in unincorporated Santa Rosa County, the site offers future residents access to top-tier local schools, thriving commercial centers, and a quick drive to the region's world-class white sand beaches. This is a highly competitive opportunity to acquire rare, high-density residential land in a market experiencing sustained demand for both premier rental units and new-construction townhomes.

Features

30448.44 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Midway over the last 12 months, the estimated median property value of US-98 is $141.5k.

Median value

$141.5k

Estimated value range

$30k - $1.25m

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Midway. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for US-98

2026

Sold

$225,000

20 Aug 2026 by Elaijuah Staten, of KELLER WILLIAMS REALTY GULF COAST

Happy sellers in Midway

90%

90% of sellers in Midway reported that their sale price either exceeded or met their price expectations.

Midway stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Midway over the last 12 months.

Local market activity for land plots in Midway

In the last 12 months, 58 land plots similar to US-98, have been sold.

This represents a 2% increase in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Midway for a market analysis.

Peggy Braun

at Berkshire Hathaway HomeServices PenFed Realty

(53 reviews)

Get a market analysis

Vickie Wilson

at Levin Rinke Realty

(17 reviews)

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Shonda Holifield

at Hurd Real Estate & Company LLC

(3 reviews)

Get a market analysis

Jennifer Keenan

at KELLER WILLIAMS REALTY GULF COAST

(3 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Midway

Peggy Braun

Sellers who recommend Peggy Braun have praised them for being clear communication, local expert, friendly, responsive, detail-oriented, well-prepared, and great negotiation