Investor · Santa Rosa Beach, FL · Member since 2013 · 50 posts · 7 votes
Hi. i have my eye on a lot that is 100' by 140' in a great area, zoned for' village mixed use' (highest density so splitting is allowed) for 79k. Unfortunately, 30% of the back half is wetlands and with the 25' setback rule in Florida a real big chunk is lost. At first I thought I could split the lot into 2 x 50'x140' lots making it a great buy, but the wetlands would leave one of those with about 50'x20' buildable space, the other about 50'x 90'. It is in a flood zone so I would have to build up. My questions are:
1. What kind of space would I lose for the septic tank(s) would i lose?
2. Could i even put septic tanks near wetlands? If so are there any restrictions?
3. Could I still split the lot in 2 and somehow use a 50'x20' buildable space with a septic tank?
4. Any creative ways to use this lot?
5. If i make an offer (cash OR loan) what kind of contingencies could I include to allow me to pull out if I discover problems in due dilligence?
you would need septic tanks and a leach field, if you divided the property you would need that for both properties, not one system. You would have to find out from the state and town about regulations on septic tanks near wetlands, if you decide it can be done, make sure you put a contingency in the purchase agreement that it depends on you doing percolation tests on the property to see if it can be installed there.