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Executive Summary

Zoned Suburban Residential with multi-family development potential for fourplex construction. Fully Rented -Duplex with 2-bedroom, 2 full-bath units with spectacular views of Lake Vivian/Lake Clyde, the Choctawhatchee Bay, and Okaloosa Island on the horizon. New Roof completed in 2018. Unit A has a large screened-in porch with spectacular views of the lake. Unit A was completely remodeled in 2018, right down to the studs, with upgraded flooring, walls, updated appliances, new fixtures, and a newly replaced HVAC in 2017.Unit B features remodeled bathrooms, including an easy-access walk-in shower. Additional improvements include a new oven (2016), new water heater (2021), new HVAC system (July 2022), updated appliances, and LVP new flooring. A new 150-foot sewer line was installed on 4/2023. The County completed a project that elevated Meigs Drive in front of the property to improve drainage. Buyer to verify all measurements.

Property Facts

Price $828,834 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.55 AC

1 Lot Available

Lot

Price $828,834 CAD
Price Per AC $1,506,970.67 CAD
Lot Size 0.55 AC

Description

Current duplex being sold for land value with ability to redevelop to 4 units

Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
  • Listing ID: 41203158

  • Date on Market: 2026-07-08

  • Last Updated:

  • Address: 34 Meigs Dr, Shalimar, FL 32579

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