Florida Cabinet approves $84M purchase of Destin waterfront property for new state park
- Get The Coast
- Oct 2
- 1 min read
Gov. Ron DeSantis and the state Cabinet approved the purchase of approximately 4 acres of Destin waterfront property for $84.5 million, converting land zoned for luxury condominiums into public parkland.
Gov. Ron DeSantis and the state Cabinet approved the purchase of approximately 4 acres of Destin waterfront property for $84.5 million, converting land zoned for luxury condominiums into public parkland.
The acquisition, part of a larger conservation package, passed with support from DeSantis and the Cabinet during their Tuesday morning meeting in Tallahassee.
Chief Financial Officer Blaise Ingoglia was the lone member to express opposition to the Okaloosa County purchase, though he ultimately voted to approve the bundled agenda item that included multiple land acquisitions across Florida.
“I would be yes for all of them except for 4F,” Ingoglia said, referring to the Okaloosa County acquisition, before DeSantis noted the items were bundled together.
“We’ll take that as a yes, and your objection is noted on that one,” DeSantis responded.
The state will acquire the property from Pointe Mezzanine, LLC and Pointe Resort, LLC under an option agreement that values the land at about $20.8 million per acre. The purchase price matches an appraisal completed in March by a state-approved appraiser.
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