200 Edrehi Dr, Niceville, FL 32578

Property Description

RARE INVESTMENT & DEVELOPMENT OPPORTUNITY! TWO RESIDENCES ON .62 ACRES JUST DOWN THE STREET FROM ROCKY BAYOU BOAT ACCESS! Situated on a spacious corner lot in Niceville, this unique property offers incredible flexibility for investors, builders, contractors, or buyers looking to create their own vision. Featuring two separate 3-bedroom, 2-bath residences, a pole barn/carport with additional storage, and dual street access, the possibilities are plentiful! The primary residence is an approximately 1,431-square-foot, single-story brick home with great bones and tremendous renovation potential. The second residence is an approximately 800-1,000-square-foot manufactured home that was occupied until recently, offering an excellent opportunity to live on-site while renovating the primary home. The real opportunity lies in the land and its development potential! Originally consisting of two separate lots, this .62-acre property offers the ability to divide the parcel back into two individual lots, as well as zoning that allows for multifamily residential development. Whether your vision includes renovating the existing homes, creating separate residential properties, building additional residences, or exploring a multifamily investment project, this property offers a variety of possibilities. Two separate driveways provide access from different streets, adding even more flexibility for future use. Boating enthusiasts will appreciate the Swift Bayou public boat ramp just down the street, providing access to Rocky Bayou and the Choctawhatchee Bay. Conveniently located near Eglin Air Force Base, shopping, dining, and local amenities, this location offers both recreational appeal and investment potential. Renovate, subdivide, develop, or invest! Opportunities offering this combination of land, location, existing structures, and development flexibility are worth a closer look. Bring your vision and unlock the potential of 200 Edrehi! Property is being sold AS-IS. All information is deemed reliable but not guaranteed. Buyer is responsible for independently verifying all information, including square footage, lot dimensions, zoning, permitted uses, subdivision requirements, and development possibilities, prior to purchase.