A rare and exceptional development opportunity, this expansive .46 acre property is ideally positioned east of US 1 in a highly desirable and rapidly evolving enclave. Offering tremendous flexibility, the parcel may be maintained as one oversized estate lot or easily subdivided into two contiguous buildable lotspresenting a unique opportunity for developers, investors, or end users seeking to create a custom compound. Currently situated on the western portion of the property is a charming single story CBS residence featuring 3 bedrooms and 2 bathrooms. The home is well maintained and includes impact windows, a swimming pool, and several key updates, including a 2013 roof, newer air conditioning system, and a tankless water heatermaking it perfectly livable while future plans are explored. The setting is equally compelling. Tucked away on a private street comprised of just 10 single family homesmany of which are newer constructionthis intimate community offers both privacy and prestige. Residents enjoy the added security of an electronic gated entrance, along with exclusive access to a community dock, enhancing the property's lifestyle appeal. Whether envisioned as a luxury new construction project, a dual home development, or a private estate, this offering represents a truly unique chance to capitalize on a premier location with significant upside potential.