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Best investment value on the Key, entitled for 3 units. RMF-3 zoning allows for no minimal rental period. Lot is located beachside of Midnight Pass and each unit has deeded beach access to America's #1 beach. Can also be built and turn... more.ed into condo, and each unit sold separately. Recent comparable RMF lots have been sold in the 800k-1.3M per unit range. Very few RMF-3 zoned lots trade on the Key. This is a rare opportunity. Currently there is one single family vacation rental on the property. Renderings and floor plans for a 3-unit, 4 story building are available upon accepted LOI and/or Contract. Developer would consider build to suit.