This 87 acre property became much more valuable in late 2017 when the Mexico Beach City Council voted to allow this property zoning to be changed from low density residential to Tourist Mixed Use. The only other property with this coveted zoning is Bonfire Beach on the West End of town that's owned by The St. Joe Company. Per the MB LDR: Allowable uses now include single-family, multifamily, and ancillary uses: hotel, motel, and other temporary lodging units; neighborhood and community-scale commercial; beach clubs and other recreational uses Also listed- public and private uses such as offices and services, religious institutions, marinas and water related facilities; infrastructure and entertainment facilities. The development possibilities are now endless with this new zoning.