$1,590,000

Incredible Waterfront opportunity on Lake Powell. Properties current zoning for an allowance of up to 25 units per acre. This information has been verified through Bay County planning and zoning. This property has black top access with water and sewage right to the development site. This site could have multiple private waterfront homes, or the opportunity for multiple townhomes. Dock and boat ramp process is possible with proper permitting. Very limited amount of larger waterfront sites on Lake Powell available in Bay County. Cross Inlet Bridge and the price of a similar parcel would be TWICE the price at least. Directly across the Lake from Wild Heron subdivision. Also very close to all the new Walton County development of restaurants, retail shops and chain grocery stores. The next townhome project East on Lake Powell Estates on the other side of Bay County park and public boat ramp, has all been sold out with units selling at over $300+ per sq ft. For your developer client this property makes great financial sense. Lake Powell naturally opens to the Gulf with periodic boat access to the Gulf of Mexico. Offshore in the Gulf with close proximity to the Lake Powell entrance is some the finest fishing in the entire area as there is a reef just off the coast of the Lake.