Waterfront Residential Land

The property is located in the Perdido Key, Innerarity Point, and Gulf Beach Hwy area of Pensacola, Florida. Perdido Key offers a resort-type lifestyle and is mostly year-round residences. The site is near two grocery store anchors and is in close proximity to the Lost Key Plantation Golf Course, restaurants, retail, and the pristine white sand beaches of Perdido Key. The Pensacola market has experienced explosive growth in recent years due to the high population growth and strong median income. The strong economy and tourism has fueled the housing and retail demand. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. The property is in close proximity to the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, and Whiting Field Naval Base.Rare developer opportunity to purchase +/- 19.57- acres of waterfront land in Pensacola, FL. The property would be an excellent site for a possible condo or residential development with its prime location on the beautiful Bayou Garcon. The property is located in one of Pensacola, FL's most sought-after beach communities, Innerarity Heights and Perdido Key. The site consists of 6 contiguous parcels and has proper zoning for single-family residential homes; +/-16.57-acres of the property is zoned "Com" Commercial, and +/- 3 acres of the site is zoned "LDMU, Low-Density Mixed-Use." The site could be developed with a total of 423 dwelling units under the current zoning laws. The property features over 1,378 feet of unobstructed views, a pier extending into the Bayou Garcon, all private and public utilities, and plenty of privacy. The property will not have an HOA; however, there are building restrictions required to be recorded at closing. Per Escambia County, the homes will need to be built on piling, and there is a mandatory wetland buffer setback requirement of 40 feet. The waterway, natural wetlands, and surrounding nature serve as the perfect natural amenities. The property is 4 minutes to the public beach at Perdido Key, 5 minutes to the back gate of Pensacola Naval Air Station, and is close to shopping, restaurants, and entertainment. Experience the luxury and beauty the Gulf Coast has to offer with this waterfront opportunity.