DEVELOPMENT OPPORTUNITY! This parcel is located with river frontage. Nearby riverfront property was subdivided into multiple lots and sold individually, maximizing the profitability of the land. Located on Perdido Key in the beautiful panhandle of Florida, only a short boat ride out to the gulf! Enjoy sunrise and sunset views from the property. As a bonus, a site build home with a wrap around porch of this incredible riverfront home. Currently used as a short term rental hosting guests from around the world, this home features two comfortable bedrooms and two bathrooms, living room and kitchen. This home can be moved off the parcel and repurposed, or shifted onsite to accommodate lot splits (subject to approval of delegated authority).An example of the development opportunity for this 1.72 acre property can be found a few parcels nearby, where 4 homes have been erected and sold individually! Whether you're looking for a quiet retreat with a simple footprint for easy living, or looking to maximize the potential of this development opportunity, this property could make all those dreams come true. Perdido Key is located in the heart of Pensacola's downtown area, near the intersection of River Road and Main Street. It is situated within a short distance to various shops, restaurants, and cultural attractions. The address is also close to the Pensacola Bay and the Gulf Islands National Seashore. Contact agent for more details.