If you go to qpublic.net/walton, the vacant lot just to the west of the house where 395 dead-ends was bought in 7/2010 by some Texans for $3.2M. The two empty lots just to the west of that were bought by an LLC (also from Austin) in 7/2010 for $3.2M each. (The property where the V is was bought by the same LLC, DST Development LLC.) The beachfront house just to the west of that was bought by an LLC in Destin for $1.3M.
I guess that's why parking is allowed on those lots because the same people who own the V own the beachfront lots across the street.
Is there construction going on or a rezoning sign? We haven't been there since June 19.