CR 386 - Highway 386 3,385 Acres of Commercial Land Offered at $20,737,501 CAD in Wewahitchka, FL 32465

The subject property is a 3,385-acre site lying in Gulf County Florida, approximately 7 miles north of the Gulf of Mexico & Mexico Beach proper. Mexico Beach is the eastern most ‘end’ of the gulf coast mainland white sand beaches before the state bends south into the Port St Joe & Apalachicola areas, which are mostly bay and mangrove coastlines, with sandy barrier islands off the mainland. The subject land has a good deal of upland/dry land, and the site is actively managed very well from a timber & drainage standpoint with a good internal road network. Mexico Beach was ravaged by a hurricane 5 years ago, but it has had an impressive rebound & rebuild. The new ‘fresh’ Mexico Beach look is actually an improvement from the older buildings that were prevalent in the Mexico Beach for many years. Besides tourism & retiree relocation, the Tyndall Air Force base is also a massive employment driver, and it is just 10 miles west of this property. This tract is well suited for master planned development, reintroduction of timber or ranching production, or long-term hold for conservation or other use. Unique: Nearly 80,000 acres of contiguous land surrounding the subject property is owned by the Deseret Ranches, a holding company of the Mormon Church of Latter-Day Saints, who are long term ranching and timber production landowners. In effect, this is the only large acreage contiguous tract available in this area and should be for many years to come.