Master-Planned Residential Development
HAMMOCK BAY – 3,000-Acre Master-Planned Community
(Residential Master-Planned Community with Bay Frontage)
Hammock Bay is a highly anticipated 3,000-acre master-planned community with bay frontage on Choctawhatchee Bay, located in Freeport, Florida. With over 1,400 residential lots developed to date, this full-service development includes a 60-acre sports and recreation park, 400-unit apartment site, 30-acre future school site, as well as a town center, lakeside clubhouse, fitness center, two community pools and over 14 miles of bike and hiking paths. Situated along 26 lakes for recreational activity, the entire Hammock Bay project is 3,000 acres approved for over 6,000 units in density, offering privacy and space.
Financial Highlights include:
- $30M financing secured in bank loans
- $17M bond issue sold out in 30 minutes after creating a Community Development District for infrastructure for initial 500 lots
- Over $80M spent on infrastructure and amenities to date
Visit Hammock Bay’s website at www.hammockbayfl.com
The Destiny community, comprised of Destiny, Destiny Shores, Destiny By The Sea, Destiny East, Grand Palms at Destiny, and the Beach Villas at Destiny, became one of the most sought-after, premier developments in Destin and the surrounding area. This prompted The Jay Odom Group to create Destiny Realty for buying and selling real estate within the Destiny neighborhoods. The Destiny developments were all handled in-house by Destiny Realty.
When creating the Destiny Master Plan, Scenic Hwy 98 in Destin ran in such close proximity to the beach, it impeded master-planned development. The Jay Odom Group successfully relocated Scenic Hwy 98 to create the 120-lot Gulf front neighborhood of Destiny By The Sea, which included a pedestrian and golf cart tunnel for safe and easy access across the relocated highway to and from the beach.
- 62-Lot Community 35 lots developed on mainland (Destiny Plantation) 27 additional lots developed on island in Biloxi Bay (The Island at Destiny Plantation)
- Sold Out in 3 years
This development included the permitting and construction of a 400’+ bridge to The Island at Destiny Plantation in Biloxi Bay.
The Jay Odom Group was successful in permitting this bridge after several previous attempts by other developers had failed.