Location is everything with this prime development opportunity, situated just steps from deeded beach access. With no HOA and no restrictive fees, this property offers the ultimate flexibility for a custom three-story luxury build or a high-yield rental investment. The site currently features a low-maintenance Florida Cottage and storage shed, providing immediate rental income while you plan your coastal masterpiece. Located a short distance from Silver Sands Premium Outlets and Pompano Joe's, you are perfectly positioned near the best dining and shopping the area has to offer. Whether you want to build up for potential Gulf views or keep the existing cottage as a beach getaway, this is a rare opportunity to own a piece of Miramar Beach just steps from the sand.