INVESTOR ALERT! EXCELLENT PRICE FOR 2 ACRES/167 FEET OF WATER FRONTAGE that is 524 feet deep. EXTRAORDINARY WATERFRONT, on the Sound, DOUBLE LOT located in a progressive area of Fort Walton Beach. Tremendous opportunity for a large Marina, condo complex, or mixed use commercial - residential development. Effective May 1, 2012, this prime property has been zoned MX-2 Mixed Use (High Intensity). According to www.FWB.org, Land Development Code, Chapter 2, Zoning Districts and Uses, this zoning affords the buyer many land uses including multifamily structures, commercial and office uses, artisan studios, and cottage industries. Accessory uses for Residential Developments include on site amenities, such as recreation facilities, carports, garages, storage buildings, parking lots, transit

Supplements: stops, and community buildings. Accessory uses for Nonresidential Developments include such on site amenities as parking lots, parking structures,storage buildings, or transit stops. Open space in the form of plazas and courtyards may be provided. Waterfront locations may include accessory uses such as docks, boardwalks, or facilities for direct water access to support water-dependent uses. Uses within the MX-2 zoning district may be mixed within one (1) parcel or lot and may be mixed within one (1) building. The maximum density is thirty (30.0)dwelling units per acre. Bonus provisions may be authorized to allow a maximum density up to forty-five (45.0) dwelling units per acre. The regulations of MX-2 zoning are intended to create a pedestrian-oriented waterfront district, with a compatible mixture of commercial and residential uses; and to encourage water-related and water-dependent uses. Recent upgrades in this district include landscaping, lighting and a walkway under Brooks bridge - to be completed July 2012, thanks to a grant partnership between the City of Fort Walton Beach and the Florida Department of Environmental Protection. This property is sure to be a great investment with stellar potential for the buyer.