Rarely Available Investment Opportunity!! Live the Ultimate Naples Waterfront Lifestyle on this double bayfront .58 acre corner tip lot with over 300 feet of waterfront and sought after western exposure with incredible views of Vanderbilt Bay and Gulf Sunsets. Options are endless with your chance to build your dream waterfront estate, divide the lot to create two new residences, or renovate the existing home and construct a new custom home on the adjacent lot. Initial photos are concept plans for one large 11,000+ sq/ft home or split the lot and build 2 separate homes. The property also features a newer seawall and dock that were installed in 2019. Boating enthusiasts can enjoy a grandfathered boathouse with extended dock and expansive sunning deck with access to the Gulf of Mexico via Wiggins Pass, which is only 2 miles away. Located in the sought-after Conners/Vanderbilt Beach neighborhood, just a short distance to Vanderbilt Beach, Wiggins Pass State Park, Ritz-Carlton Beach Resort, the upcoming Ritz-Carlton Residences, Mercato Shoppes, several dining options including beachfront dining at the Turtle Club, LaPlaya's Baleen and the Ritz-Carlton's Gumbo Limbo. This is truly a unique opportunity that should not be missed!