Waterscape Resort Condos for Sale

About Waterscape Resort

Height is the first thing the record explains about this property. It stands on Okaloosa Island in unincorporated Okaloosa County, zoned B-3 under the Okaloosa Island Protective Covenants and Restrictions, and those covenants state that no building in a B-3 light commercial and concession area shall exceed seventy-five feet in height measured from sea level. That is why a resort of this size is six addressed levels rather than twenty, and the county address file bears it out, returning units on levels one through six with the counts varying level by level rather than repeating a single placeholder. The condominium itself is recorded once, under the legal name WATERSCAPE at 1110 Santa Rosa Boulevard, with an actual year built of 2008 and a header record stating a total of 339 units across 9.4 acres. Frontage deserves a plain answer: the parcel does not touch the water. Two public parcels lie between its southern line and the shoreline rather than one. A 66.4 acre parcel of Santa Rosa Island, recorded as beach area and owned by the Okaloosa County Board of County Commissioners, runs below most of that southern line, and a 14.3 acre parcel owned by the United States Government runs below its eastern end. Beach use here therefore rests on the island covenants and on public ownership rather than on anything the condominium holds, and which public owner a resident crosses depends on where along the property they walk out. Flood mapping is the one thing no single answer covers, and the numbers deserve stating plainly. Every one of the 340 unit parcels here is drawn as the same 9.4 acre outline, to eight decimal places, so no county query can place an individual residence in a flood zone; only that residence's own elevation certificate can. Read instead at the 340 addressed locations the county address file carries for this property, which that file plots at 71 distinct mapped points, the FEMA mapping comes back five different ways. Inside a special flood hazard area sit 129 in AE at a base flood elevation of 9 feet, 67 in VE at 15 feet and 26 in AO at a mapped depth of 1 foot, which is 222 of the 340 or about 65 percent, with those 67 in the coastal high hazard category that carries the steepest cost of all. The remaining 118 sit outside one: 42 on ground mapped as minimal hazard, and 76 within the band drawn for a 0.2 percent annual chance. Reading the same outline by ground covered rather than by address adds a sixth mapping no addressed point falls in: a second AE area, at a base flood elevation of 8 feet, holds roughly 0.8 acres along the western side. The federal flood layer agrees with the county at every location tested, that sixth area included. Because that spread is the widest thing on this site, pull the mapping and the elevation certificate for the specific address before trusting any insurance figure quoted for the property.

• 339 recorded units on a 9.4 acre parcel
• Six addressed residential levels under a 75 foot island height cap
• County and federally owned island beach directly south
• Six FEMA flood mappings across the site, 222 of 340 addressed locations inside a special flood hazard area
• B-3 island zoning permitting hotel and apartment uses