Subject offering consists of 139 developed lots with all infrastructure in place. On public water an sewer, the impact fees of $5,502 per lot are paid bringing the asking price to just $17,500/lot. A part of the East Bay plat with 321 total lots, it is located on Cook's Bayou with deepwater access to St. Andrew's Bay, the Intracoastal Waterway and the Gulf of Mexico and just 10 minutes from Super Walmart, 20 minutes from Tyndall Air Force Base. The existing roads in Phase I have been turned over to the City of Callaway for maintenance. This should allow for lower HOA fees. The roads have brick paver accents through out the project. Available separately, the +/- 6 acre marina site has over 650 FF on Cook's Bayou with dredgable deepwater near the shoreline. It has been cleared and comes wi over 650 FF on Cook's Bayou with dredgable deepwater near the shoreline. It has been cleared and comes with a 3,300 Sq. Ft. Club House and dock built in 2020. Near the marina site is a 2.72 acre site for RV/Boat storage. The 189 unfinished lots also have had their impact fees paid, again at $5,502 per lot. The City of Callaway is primed for growth over the next few years with Eastern Shipbuilding getting the largest Coast Guard Cutter building contract in Coast Guard history and an expanded missions for Tyndall AFB. The Gulf Coast Parkway will run just East of the subject property. This will be a Hwy 98 re-route to bypass Tyndall AFB.
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