Exceptional development opportunity abounds with this primely positioned south facing site offering 77' of frontage on south highway 393 as well as 220' of southern exposure on Penny Lane. Totaling .38 acres, this ideal location is parallel to the established Gulf Place commercial complex yielding excellent proximity to world class shops, restaurants and public beach access which is located just a few blocks to the south. This attractive site is zoned Village Mixed Use offering an array of end use applications which could yield potential gulf views. This extraordinary site is located to be fully integrated into the new urbanism lifestyle that south walton county is so widely known for with pivotal positioning amongst the coastal villages along Scenic Highway 30A.