Unparalleled Waterfront Development Opportunity in Placida on Coral Creek. Embrace the rare chance to own or develop 4.57 pristine acres of waterfront property, perfectly positioned just minutes from the historic charm of Boca Grande. This exceptional site boasts nearly 1,000 feet of water frontage, offering breathtaking views and endless possibilities. The property is already approved for 20 luxury townhome residences, providing a prime opportunity to create an exclusive waterfront community. Alternatively, envision building up to five executive homes, each capturing the serenity and beauty of this one-of-a-kind location. For fishing enthusiasts, this area is a gateway to some of the world’s best fishing, from Coral Creek to the Gulf of Mexico and the legendary Boca Grande Pass. Nestled in the Placida/Cape Haze region, this property combines modern conveniences with the nostalgic allure of Old Florida. From here, you'll enjoy effortless access to sugar-sand beaches, world-class golf courses, upscale shopping, exquisite dining, and more. Whether you're a visionary developer or a discerning buyer seeking a personal slice of paradise, this is an extraordinary opportunity to bring your dream waterfront project to life. An environmental assessment conducted in June 2025 found no protected species or evidence of protected species utilization onsite during the site inspection which would require permits from the FWC or FWS. Recent survey available.