Located LESS THAN one mile to the white sugary sandy beach. This property is located on an OVERSIZED and rarely available lot that is zoned R3-12 (multi-family). The current multifamily property sits on over a 1/3 of an acre (.33 acres). There is SO much potential to build your own TWO townhomes – each up to ~5,000 square feet. Asking price reflects LAND VALUE ONLY. Three recent closed sales for newer built homes on the SAME street; $2,495,000, $2,600,00 and $2,900,000. As a Moorings resident you will have the option for membership to the private beach park. Attached is a subdivision replat building area study from MHK architecture & planning showing an option to build TWO spacious townhomes on this OVERSIZED lot. There is a VIRTUAL TOUR link!!!