$10,000,000

A rare development opportunity along the Intracoastal Waterway in Gulf Shores. The property consists of four contiguous parcels (PPIN: 29387, 345107, 345108 and, 345116), comprising a total of 20 acres +/-, which offer approximately 800 feet of waterfront, and is one of the only large-acre properties in the area zoned R-4, High-Density Multifamily. Allowing up to 20 units per acre, with direct frontage on Waterway West Blvd., along with good elevation and minimal wetlands (only .6 acre, mainly within the setback of Waterway West Blvd), this unique site provides entitlements that are difficult to find within the Gulf Shores market.An exceptional chance to acquire one of the very few remaining high-density, waterfront-oriented development sites in a rapidly growing coastal destination. Buyer/s to verify all pertinent information Buyer to verify all information during due diligence.