Mirella St, Pensacola, FL 32507 For Sale

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 in Pensacola, FL's most sought-after beach communities, Innerarity Heights and Perdido Key. The site consists of 6contiguous 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 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 of the Gulf Coast with this waterfront opportunity.