Description
Draper Lake is a 36-acre development site in Walton County Florida with significant frontage on Florida’s highly desirable scenic highway 30A. The site is located in close proximity to Seaside, Watercolor, Watersound, Alys Beach and Rosemary Beach. This property was acquired via deed in lieu of foreclosure during the great recession and at the time was the largest remaining development parcel on the south side of 30A. The property was sold 4 years after being acquired at a significant profit.
Project Type
Opportunistic Acquisition
Asset Class
Land
