Situated in the quiet and highly desirable Cannon Bay Subdivision, just off the Grand Lucayan Waterway, this exceptional waterfront property stands out with an expansive layout boasting over 290 feet of canal frontage, making it an absolute paradise for boaters and marine enthusiasts. Zoned for multifamily high-rise development, this versatile, prime piece of real estate spans approximately 38,344 square feet (0.88 acres). It presents an incredible investment opportunity with endless development potential, whether you envision a luxury single-family estate, a boutique bed and breakfast inn, or a high-yield multi-unit residential income property.

The location offers a peaceful, serene environment while maintaining convenient access to the open ocean. For developers looking to maximize their footprint, the adjacent lots 50, 52, and 53 are also available for purchase. All four contiguous lots can be acquired together as an exclusive package deal for $665,000, offering unparalleled scale and frontage in a growing waterfront community. There are no corporate or property taxes in the city of Freeport, making this an ideal long-term holding opportunity or high-margin development project.

For more details or to schedule a private viewing of this prime waterfront opportunity, please contact Ryan Cartwright at (242) 813-8433.