Take a look at this rare opportunity to own one of the last lots in Perdido Key Coves! This oversized cul-de-sac deepwater lot with .327 acres offers an astounding 175 feet of gorgeous water-frontage! The adjoining lot with the next-door home is also for sale, so don't miss the chance to purchase them together for an incredible investment in your future in paradise! 15000 Bowlegs Reef is situated on the canal's broader mouth just around the corner from the big navigable water of Ole River, so this lot provides a genuinely premium spot for the future home of your dreams in a boating and beach community unlike any other. The same family has owned the parcel since the 90s, and they lovingly planted many of the gorgeous mature plants and trees on the land, including the old oak trees that were relocated there many years ago. Perdido Key Coves is a serene and exclusive waterfront neighborhood located just across the street from the white sand beaches of Perdido Key. Deeded owner beach access via walkover is just steps away from this lot! The Perdido Key Coves community is also surrounded by 290 acres of untouched and pristine beauty of Perdido Key State Park to the east, west, and south - there are no high-rises on this beach and no thru-traffic in this neighborhood! A community multi-use recreation area with pickleball and tennis courts for the exclusive use of Perdido Key Coves owners and their guests is also here for enjoyment. Boaters, this lot delivers coveted deepwater access from your front yard to Ole River to the Intracoastal and Gulf of Mexico via Perdido Pass on the Alabama side and Pensacola Pass on the Florida side! With annual homeowners association dues of only $400/year, Perdido Key Coves is an ideal waterfront neighborhood to call home! You've been waiting for this moment. Waterfront listings like this in Perdido Key are hard to come by, so don't hesitate to reach out for more information on this exclusive deepwater homesite today!