Auction Sale: Starting Bid of $75,000. Mark your calendar for September 11 through the 13th, 2023, as the property will be auctioned live online. This expansive parcel, spanning 2.11 acres, presents a rare chance for savvy investors to capitalize on the booming housing market in the area.rnrnThe property is zoned R-1, allowing for the construction of up to 8 detached single-family homes per acre. With this generous zoning allowance, you have the potential to build an impressive total of 16 lots and homes. rnrnThe property boasts an enviable location, with road frontage on both Magnolia Beach Road and Bear Point Road. This dual access not only provides convenience but also enhances the development's visibility, making it an appealing prospect for potential homeowners and tenants alike.