Discover a rare and breathtaking piece of waterfront property on Miracle Strip Parkway in the heart of Mary Esther overlooking the gorgeous Santa Rosa Sound. This exceptional estate sized lot is 0.89 acres and features 101 feet of water frontage while being nearly 400 feet deep. This gorgeous lot offers tremendous potential to either renovate and breathe new life into an older home or for redevelopment. It can be subdivided into two parcels per the city once the home/structure is removed. It can either be subdivided into two waterfront lots or as one waterfront and one dry lot. Nestled among majestic old oak trees, towering pines, and fragrant magnolias, this ultra-private setting provides a serene retreat with stunning sunrises and sunsets over the water. The white sandy natural shoreline features sea oats and grasses and offers a beautiful backdrop along the deep blue waters of the Intracoastal waterway. Whether you envision an exclusive estate, a multi-home development, or an investment opportunity, this property offers endless possibilities in an unbeatable location. Don't miss this chance to own a legacy waterfront property with unparalleled beauty.