Expansive Residential Lot in Rainbow Bay. Ideal for Your Dream Home or Investment Property! Nestled in a quiet cul-de-sac off Wandering Shore Drive, this oversized residential lot offers a peaceful retreat on the calm bight side of Rainbow Bay, North Eleuthera. With elevations reaching up to 80 feet, a home built here is likely to enjoy breathtaking sea views. Power is available approximately 200 feet away, and annual HOA fees are just $100 for undeveloped lots and $250 for developed lots, annually. Whether you are looking to build a permanent residence, a vacation getaway, or a high-demand Airbnb rental, this lot presents an excellent opportunity. Rainbow Bay is a sought-after, centrally located community, offering easy access to multiple pristine beaches, walking and jogging paths, pickleball and tennis courts, scenic ocean cliffs, and several boat ramps. Conveniently located near two major airports, ferry terminals, local restaurants, and village food stores, this property is the perfect base for exploring Eleuthera. Lots in this desirable neighborhood are selling fast