Rare large-acreage development opportunity in the heart of Santa Rosa Beach. This approximately 19.5-acre parcel fronts Nellie Drive and offers a compelling combination of location, privacy and residential development potential in one of South Walton's most active growth corridors. With more than 9 acres of uplands, the property presents an excellent opportunity for a distinctive low-density residential community, estate-size homesites or a unique barndominium-style development with room for larger homes, workshops, boat/RV storage and outdoor living. The property's location is becoming even more attractive with the Nellie Drive extension now under construction, creating a new direct connection south from Chat Holley Road to U.S. Highway 98 adjacent to Publix. This future connectivity should provide convenient access to shopping, restaurants, schools, employment centers and the beaches of South Walton while preserving the property's more spacious North Santa Rosa Beach setting. Potential rezoning opportunity could yield 30+ lots. All information is deemed reliable but buyer should perform its own due diligence for its own use.