A once-in-a-generation opportunity to own one of Historic Mobile Bay's most extraordinary waterfront estates on the iconic Boardwalk, just south of The Grand Hotel. This exceptional offering includes two separately deeded parcels totaling approx. 2.52 acres with an impressive 150± ft. of pristine Mobile Bay frontage. Enjoy panoramic water views, a sandy beach, private wharf, refreshing bay breezes, and spectacular sunsets from this remarkable family compound.Designed for multigenerational living and entertaining, the property includes four residences and an auxiliary storage/laundry building. The two front homes are beautifully designed mirror-image residences, each offering approx. 1,793 SF with 3 BR, 2 BA, vaulted ceilings, fireplaces, expansive windows showcasing sweeping bay views, and separate kitchens and dining rooms.The centerpiece is a 3,533 SF raised beach house featuring 6 BR and 6 BA with an open-concept design ideal for gatherings. Four bedroom suites are located on the main level, with two additional suites and an upstairs overlook providing additional living space. A spacious porch overlooking Mobile Bay creates the perfect setting for relaxing and entertaining.Completing the compound is a charming 424 SF guest cottage with 1 BR, 1 BA, a kitchen, and an inviting front porch.In addition to its existing improvements, the property offers exceptional redevelopment potential. Comprised of two separately deeded parcels, current zoning allows for up to four residential dwellings, subject to verification and applicable governmental approvals, making this an outstanding opportunity to create a custom luxury waterfront enclave.Whether preserved as an irreplaceable family estate or reimagined as an exceptional new development, this is one of Mobile Bay's finest legacy properties, combining breathtaking natural beauty, privacy, and unparalleled waterfront living in one unforgettable offering. Buyer to verify all information during due diligence.