Waterfront Multifamily Development Parcel. 5.68 Acres located on Boggy Bayou waterfront. Traffic signaled access at the SW corner of Highway 20 & Highway 85. Current zoning within City of Niceville is R-C. 25 units per acre. Parcel is high & dry and prime for High rise development to include Waterfront Condos, Apartments, Assisted Living, Hotel, Motel & Restaurants. Over 41,000 cars per day pass this site per FDOT 2013. Towering Magestic Live Oak trees encompass the land. Short term rental income received by Land owner. Each lease has out clauses.