An excellent multifamily development opportunity awaits in the gated community of South Ocean Estates. This spacious 13,019-square-foot parcel is designated as a duplex lot; however, the approved plans show that the property can accommodate up to four separate structures, each with provisions for its own utility meter. This offers an attractive opportunity for an investor or developer seeking to create multiple income-producing residences on one well-positioned property. A boundary wall has already been constructed, and provisions for utility connections are in place, helping to reduce some of the preliminary planning and infrastructure work. The property’s size and approved development potential provide flexibility for a thoughtfully designed residential project within an established western New Providence community. HOA fees are $594 quarterly, payable every three months. Contact us for further information, property details, or to arrange a review of the approved plans.