Jack's Creek

Property Features

Envisioned as a community of 149 home sites with easy access for residents to two Interstate 10 interchanges at historic DeFuniak Springs and Ponce de Leon, Florida, Jack's Creek never fully materialized and is now available for purchase on a bulk basis. Positioned as a short sale, Jack's Creek can be purchased significantly below its appraised price. Moreover, unlike most properties that are viable for one use, an investor has the option of waiting until the market returns to continue with a rural lot development plan (over $1.3M has been spent on roads, utilities, and engineering) and/or maintaining the property for timberland purposes - its original use.

Occupying 710 acres on the Holmes-Walton County line with frontage on Interstate 10, U.S. Highway 90 and Macedonia Church Road, Jack's Creek is located less than an hour from some of Florida’s most beautiful white sand beaches. Approximately 70% of the property is plantable and within this area are two-year old loblolly and longleaf pine plantations. As a result of the roads being roughed in for the planned development, internal access is excellent and there are several low water crossings in place. From a topography standpoint, Jack’s Creek features rolling hills that converge on a series of streams that traverse the property and are bounded by mature hardwood stringers. These hardwoods were protected under a conservation easement as required in the development plan; however, such plan has since been retracted and the conservation easement vacated by the Department of Environmental Protection.

For investors that take a long range view of land values, Jack’s Creek offers an excellent opportunity.

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At a Glance

Acreage:
710 Acres

Asking Price:
$1,700 per acre

Location:
Frontage on Interstate 10 and U.S. Highway 90 with easy access to DeFuniak Springs and Ponce de Leon exits

Special Attributes:

  • Can be purchased as a short sale at well below appraised value
  • 70% of property is plantable
  • Flexibility between a timberland investment and a rural residential development