Note Charlie Hilton's house in the background.
Click to enlarge.


It may be PROMENANCE....drove thru there today and say the sign....I believe it is "Prominence". Go to www.prominencefl.com to get info.
(my spelling may not be totally correct)
Mostly, I just like quoting my salesman, Jerry McCoy. I think he use to play football for Univ of AL. Maybe you Bama fans can look him up to tell me if he is legit.

it's called something with a 'P', i think. prestige, paramount, pinnacle???
st. joe of course wanted to buy it so watersound south would be one giant piece w/out a divot in the middle, and offered what the owner thought was a ridiculously low priceand told them to stuff it. the next time they went back, it was too late/too expensive to buy. st joe has some pretty good arial(sp) photos of it(since it's smack dab in the middle of their land) at the watersound sales center.
jr
The owner of record is listed as ZOHOURI DEVELOPMENTS SOUTH WALTON LLC, and Fred Zohouri from Atlanta is the Managing Mbr of the LLC. It consist of about 26 acres and sold for $61M in Sept '05, according to property records. From $24.5 M to $61M is a great flip, esp if it was an assignment and the original buyer had only an EMD holding the property. :shock:
Quick math = $2,350,000 per acre. If zoned 8 units per acre (and I have not looked to see), the raw land cost is only $293K per unit. With infrastructure costs, you can look at probably $400k per unit cost to developer. That price is not too bad all considered.
Quick math = $2,350,000 per acre. If zoned 8 units per acre (and I have not looked to see), the raw land cost is only $293K per unit. With infrastructure costs, you can look at probably $400k per unit cost to developer. That price is not too bad all considered.
We're talking about a different piece of land. The land in question in just west of Alys Beach on the north side of 30A. It is between Alys Beach and Watersound Parkway. Prominence is, as you said, in the middle of Watersound on the south side of 30A about 2 miles west of the property we're talking about.

You're probably right considering how much Alys Beach is getting for their lots. At one time there was a lot in Alys south of 30A that was listed for 2.5 mil.Maybe they will use the same beach access that Prominence owners will be using at Deer Lake State Park. :funn:
This property doesn't have beach access though. I guess they're planning to go through Alys Beach? I know that when it was on the market, the owners were trying to secure an easement through Sand Cliffs subdivision, but it didn't work out.
Maybe they will use the same beach access that Prominence owners will be using at Deer Lake State Park. :funn:
And they can drive their scooters and golf carts of the bike trail to get there.
Quick math = $2,350,000 per acre. If zoned 8 units per acre (and I have not looked to see), the raw land cost is only $293K per unit. With infrastructure costs, you can look at probably $400k per unit cost to developer. That price is not too bad all considered.
Edited
I believe it is "Prominence". Go to www.prominencefl.com to get info.
His house looks like it's wearing a beret.It is the ugliest piece of scrap metal and concrete to appear in SOWAL, since the debris from Opal in 1995--in fact it looks like he is using any debris from recent storms to construct that hunk of contempo junk. That is just awful about the sea turtles. What a MFing idiot.
I believe it is "Prominence". Go to www.prominencefl.com to get info.
Hey John R, Just curious as to the significance of the bollard in your sig. Thanks in advance.It is a mini microphone -- a far cry from a bollard, even as similar it appears.
Prominence looks interesting. I like the "proposed waterfront".
AKA "retention pond". No seriously - it IS a retention pond.I have thought about this rentention pond aka "harbour" for a while. I am a far cry from liking Prominence. That said, my latest thought on the "harbour" is that I like the creative use of installing a retention area that helps filter out the run-off and making it a feature of the project.
Please wait while we verify your forum account.