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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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12244 Us-98 , Destin, FL 32550
$5,995,000
Est. Payment: $30,402.35/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 400
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

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.

Highlights

Listed by John Paul Somers , 850-654-7777 and Rachael A Earley , 850-225-6478 Somers & Company , 850-654-7777. Emerald Coast Multiple Listing Services

Property Type

Commercial Sale

Lot/Acreage
1.18

County

Walton

Area

15 - Miramar/Sandestin Resort

Listing ID

978842

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Principal Interest
$30,402
Taxes
$3,822

Home Price

$5,995,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$1,199,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$30,402.35

Principal

Taxes

Principal Taxes HOA Total
Monthly $30,402.35 $3,821.81 $0.00 $34,224.16
Yearly $364,828.21 $45,861.75 $0.00 $410,689.96
Total $10,944,846.31 $1,375,852.50 $0.00 $12,320,698.81

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Destin, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:32:47.000Z

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