Situated in the quiet and highly desirable Cannon Bay Subdivision, just off the Grand Lucayan Waterway, this premier waterfront property stands out with an expansive layout boasting over 290 feet of 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 37,345 square feet (0.86 acres). This tract offers a generous layout and phenomenal water access, presenting an exceptional 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, this lot is built to accommodate grand visions.

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, 51, 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.