Seize this rare opportunity to build your custom beach home or a lucrative vacation rental in one of Miramar Beach's most highly sought-after gated communities! This exclusive Emerald Waters Village 'Villa' lot is uniquely zoned to accommodate two residences. This .14-acre corner lot is one of only two parcels in the whole subdivision that shares a boundary with only one other home, offering versatile design possibilities, including front, side, or rear entry. This unique feature makes it an exceptional investment opportunity for you to build your dream home with two completely detached structures, this could include a guest house or garage/guest house combination with plenty of room for a pool. Enjoy the prim location just a one-minute walk to one of the two private neighborhood pools and parks, complete with additional guest parking. Neighborhood amenities also include deeded beach access just a short walk, golf cart, or biking distance away. Don't miss this exceptional opportunity to own a home just off of Old Hwy 98 surrounded by top-tier shopping, dining, world-class golf courses, sugar white sandy beaches and the emerald waters of Florida's Gulf Coast.