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 lots-presenting 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 heater-making 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 homes-many of which are newer construction-this 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.