$22,495,000
6,496± Acres
New Listing
Wakulla County, Florida

St. Marks Package

ID: 35054
Status: New Listing
Price: $22,495,000
Acres: 6,496±
Price Per Acre: $3,463
Type: Hunting Land, Recreational Land, Undeveloped Land, Riverfront, Timberland, Horse Property
City, State: Saint Marks, Florida
County: Wakulla
ZIP Code: 32327
Lat/Long: 30.208, -84.1807
Presented By: Jon Kohler
Bedrooms: 4
Bathrooms: 2

Description

By all accounts, this St. Marks Package is one of North Florida's last remaining large acreage investment portfolios. The Package consists of 6,496 +/- total acres located in Wakulla, Gadsden and Calhoun Counties, Florida.

It's hard to believe a property such as this still exists in private hands. From an environmental perspective, it's at the top of its class. The Wakulla County portion encompasses deep water river frontage, Gulf access, a magnitude 2 spring, deep water sinks, and is the epitome of "Old Florida." From an investment perspective, the Wakulla County portion is preplanned for "higher and better use" with some 1,200 acres already fully entitled. From a cash flow perspective the entire Package offers many revenue avenues:  the property is loaded with timber, could be turned into residential lots or a conservation easement could be put in place.

The Wakulla County portion has a long history. The oldest known North Americans lived just a short distance from here. Directly on the property is the site of an "extinct city" and one of Florida's first toll roads. The entire St. Marks River frontage looks like it did in 1526 when Florida's first Governor stopped here 500 years ago.

Today, most of this Package is within 25 minutes of Florida's capital city. The Wakulla County portion is located on coastal HWY 98 and just a ten-minute boat ride to the Gulf, marinas, and restaurants. This investment package is certainly as unique an opportunity as it gets!

This opportunity is essentially "five asset classes in one."

    1.  An exceptional recreational coastal property with springs, sinks, waterfalls and a log cabin in one of the prominent deer and wild turkey areas of the South. There is boat access to the Gulf of Mexico and some of the best saltwater fishing in Florida.
    2.  An exceptional timber property, fully planted, exceptional roads, with the landowner projecting to harvest over $10,850,000 in timber over the next 16 years.
    3.  It's an exceptional "higher and better use" property with over 1,200 acres fully entitled and permitted right now, on HWY 98, in fast growing Wakulla County, just 25 miles to Tallahassee and ten minutes by boat to the Gulf. The growth of this immediate area is something North Florida has never experienced. Large areas of contiguous State and Federal lands nearby means there is little left for development.
    4.  It is an exceptional conservation easement play. The massive development value, rapid lot sales in the immediate area, along with the existing 1,200 acres of platted lots will appraise very well from a development perspective. The conservation use given the 2nd magnitude spring and 2 miles of river frontage is not contested. The development value here is well situated to be monetized through a donation conservation easement providing immediate income tax savings spread out up to 16 years, or options with the DEP acquiring part of the property.
    5.  This is an ideal Social Storm Property Trademark  and exactly the type of property one would want to own in either bad times or good. It has vast natural resources, multiple income streams and is located in one of the safest areas left in America. It's perhaps the perfect hedge. Its Social Storm Trademark score is exceptional.

Meanwhile, the entire tract is planted in genetically superior loblolly pine and slash and located in one of the best timber markets in the South. Projections on the Wakulla Tract alone show that starting in 2025, for the next 10 years, an average of $461,500 in timber could be cut annually, and at the end of that period there would still be over $6,000,000 standing!

This entire package can be acquired at less than $3,500 overall per acre. Between timber harvesting, to begin shortly, at about $461,500 per year, on average, to selling already platted lots (which are commanding $6,000 per acre), to selling or donating a conservation easement on all or a portion of this property, there are numerous income opportunities during the hold. Furthermore, with the Social Storm Properties Trademark aspect, this property is about as hedged as a property could be and will perform in any market.

Featured Photos

St. Marks Package

Additional Information

wildlife

  • quail
  • turkey
  • waterfowl
  • whitetail deer

recreation

  • atv trails
  • bike trails
  • bird watching
  • equestrian trails
  • fishing
  • hiking trails
  • hunting
  • public land access
  • watersports

water access

  • beach
  • pond
  • river

improvements

  • cabin
  • fencing

Ask Jon About This Property