Positioned between two additional waterfront parcels, this versatile homesite offers a unique opportunity for residential, investment or assemblage potential. This approximately .44-acre parcel offers approximately 90 feet of waterfront and flexible RC - Residential/Neighborhood Commercial zoning, creating options for a private waterfront homesite, builder project, investment property or neighborhood-scale commercial use, subject to applicable approvals. This is Lot 2 of the former 193 Ramsey Branch Road parent parcel and is positioned between two additional waterfront parcels that are also available for purchase. The property offers a unique combination of waterfront living and convenient access to the US 331 corridor, Choctawhatchee Bay and the beaches, dining and amenities of South Walton. Boating access adds another dimension to the property, with approximately 3-5 feet of water depth and navigable access beneath the US 331 bridge, which has approximately 7 feet of vertical clearance. A boat dock may be constructed subject to applicable permitting and approvals. For builders, developers and investors, Lot 2 presents an especially compelling opportunity because adjoining parcels are available on both sides. Lot 1 contains approximately .76 acres, approximately 262 feet of waterfront and an old boat ramp along its western end, while Lot 3 contains approximately .57 acres and approximately 111 feet of waterfront. Together, the three parcels may be assembled into approximately 1.77 acres with approximately 463 feet of combined waterfront. With RC zoning across the entire assemblage, the combined property may accommodate a broader residential or neighborhood-commercial vision, potentially including a waterfront dining concept, hospitality use or other water-oriented development, subject to all applicable zoning, land-use, access, parking, utility, environmental and governmental approvals. Purchase Lot 2 independently or combine it with one or both adjoining parcels to create a larger waterfront property with substantial flexibility and frontage.