Prime investment opportunity in the heart of Old Town. This oversized 27,000+ square foot lot offers exceptional development potential for a private coastal compound, multiple beach residences, or a high-performing short-term rental project, subject to zoning and city approvals. Located in one of Old Town's most desirable areas, the property is both golf cart-friendly and highly walkable, providing easy access to the beach, restaurants, shopping, and local attractions-key drivers of consistent vacation demand. Utilities are already on site, helping reduce upfront development costs. Rare Old Town land combining scale, location, and income potential-ideal for investors seeking appreciation and strong rental performance.