Shell Point Development Tract 12.88 Acres with Gulf Access

FOR SALE AT AUCTION: Rarely does a coastal development tract come to market with the combination of location, size, and entitlements offered by this 12.88 acre property on Kornegay Way in Shell Point, Wakulla County, Florida. This unique site fronts Kornegay Way, Shell Point Road, and Canal Street, with direct canal access leading to Oyster Bay and the Gulf of Mexico. Offered at auction, this property represents a once-in-a-lifetime opportunity for investors, developers, or visionary buyers. The property is already entitled with a valid U.S. Army Corps of Engineers and Florida DEP permit package, authorizing construction of up to a 22-slip multi-family dock, canal dredging, seawall installation, and riprap stabilization. These approvals difficult and time-consuming to secure today are already in place and extend through 2026 and 2028. They provide immediate value to any buyer seeking to fast-track a waterfront development project. In total, the tract encompasses 12.88 acres, with approximately 5 acres of uplands available for development and 7.79 acres of wetlands providing natural buffers and scenic surroundings. The sites uplands are well-suited for multi-family residential units, condominiums, or a boutique resort, while the waterfront entitlements allow for private docking, marina-style amenities, and direct boating access to Floridas Gulf waters. Alternatively, a buyer could choose to construct a single private residence, creating an exclusive coastal retreat with unmatched privacy and waterfront access. Located just minutes from Shell Point Beach and within easy reach of Oyster Bay, Panacea, and St. Marks, this property also sits less than 30 miles from Tallahassee, the regions economic hub. It lies along the gateway corridor to Floridas famed Forgotten Coast, including Carrabelle, St. George Island, and Apalachicola. The mix of coastal charm, recreational access, and growth potential makes this one of the most compelling development opportunities in Wakulla County. Whether you envision a residential waterfront community, an exclusive private retreat, or a mixed-use project with boating amenities, this property offers the foundation to bring your plans to life. With permits already secured and the location unmatched, the Kornegay Way tract is truly a chance to develop in one of Floridas most desirable and protected coastal areas.