Only large commercial parcel available on Highway 98 East between Hwy 331 and Rosemary Beach, Florida. Walton county has proposed a new elementary and middle school to be built adjoining western boundary line of this tract of land. Peach Creek is a deep water canal that is over a mile long with approximately 3/4 of a mile considered to be waterfront on both sides leading into the inter-coastal water way. The residential portion of this property possess a significant portion of single family lots with water front capabilities; deep water canal and bay front.