Discover the perfect opportunity to own an expansive lot in a highly sought-after Island location in Old Town. This generous property spans 50' x 125', featuring desirable R-2 zoning that allows for rental potential in a vibrant, golf-cart-friendly community just moments from the beach! If you've been dreaming of designing your ideal beach house, this is your chance to create a stunning coastal retreat or a lucrative rental investment. The location is unbeatable, situated on the Gulf-side of Old Town, with easy access to dining, shopping, and the sandy shores. Imagine the income potential with short-term rental capabilities, allowing you to capitalize on this prime area. This lot offers incredible value, with no deed restrictions or HOA fees, giving you the freedom to build on your timeline. Enjoy the added convenience of alley access for extra parking and flexibility in your construction plans. With ample space, you can bring your vision to life-whether that includes a luxurious pool, an accessory dwelling unit, or an outdoor kitchen for entertaining. Investors and builders will recognize the potential here: similar high-end properties nearby have recently fetched prices up to $1.6 million. Opportunities like this, with such a perfect blend of size and location, are truly rare. Don't miss your chance to secure this exceptional lot and make your real estate dreams a reality!