Rare find in Orange Beach! Great development potential! This listing consists of 2 adjoining lots (18 & 19) zoned RM-1 with 100' of water frontage on Wolf Bay. RM-1 Zoning: This is zoned for multi-family residential (low density). Duplexes, cluster homes, townhomes, and apartments. Allows for 15.4 units of a 4-story structure (28 units per acre) or 19.25 units of a 5-story structure (35 units per acre). Source: City of Orange Beach Zoning Ordinances section 3.2. Waterfront homes sit to the west of this lot and Bayview Condominium sits to the east, making this lot prime for either a residential compound or a multi-unit development.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Baldwin REALTORS® Association. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
