After a little TLC, Peacock’s Point is a ‘viable subdivision’
Once tucked away behind overgrown grass and hidden behind an iron gate, the abandoned subdivision’s only resident was a bush hog.
Now after some long overdue upkeep and a new vision, Peacock’s Point is ready to strut back on to the market.
“It’s kind of ironic because I’ve passed by this property my whole life,” said Brad Shoults, broker/owner at Re/Max Southern Realty. “I remember riding my bike by the property and saying ‘we should pursue that property.’ “
Shoults and his team have recently put the six-lot, roughly 2.83-acre property under contract and already have five of the six lots “spoken for.” The available lot is on the market for $419,000.
With waterfront situated along Choctawhatchee Bay and Joe’s Bayou, the property sat vacant for the past 4-5 years, Shoults told The Log.
“I’ve had an investor looking at this property for quite some time, but the price point just didn’t make any sense at the time,” he said.
Now that the property is under contract, Shoults said his team is in the process of working on creating covenants and homeowner’s association documents.
With underground utilities and existing infrastructure already in place, Shoults told The Log that the quaint gated community was a “hidden gem” that just needed a little attention.
“I think there is almost a stigma with this property, because it’s been sitting so long,” he said. “The day we closed on this we had a bush hog out there and now it looks like a viable subdivision — you can’t even tell it sat dormant.”
Lots in the subdivision have a minimum water frontage of 90-feet, with the majority of the lots boasting between 90-120-feet.
To learn more about availabilities at Peacock’s Point, Shoults can be reached at 850-837-1880 or by email at email@example.com.
With the ball rolling in the right direction, Shoults says selling this waterfront property is an “exciting opportunity.”
“We’re looking forward to having viable home sites with homes on them, instead of having a gated community with nothing going on,” he said. “It’s a great property.”