Beachfront lot on Dauphin Island. Currently, this lot is NOT BUILDABLE! However, Dauphin Island is in the process of working through their West End reclamation project that will make this lot buildable again. This property is about buying low and selling high. You will have to wait a couple of years for the project to be completed and once finished, this lot will be worth significantly times more than it is listed for today.
We have appraisal that was based on the reclamation project being completed and the appraisal came in at $580,000. i.e. If the reclamation project was completed right now, this lot would be worth roughly 580k.