This cottage is positioned on the highly desirable Fringe Close. This rare 0.81-acre (35,429 sq ft) lot offers 298 feet of direct waterfront on the scenic Grand Lucayan Waterway—with direct access to the ocean and concrete seawall which is seperated into 3 angles so there is lots of space for boat docking for large boats. There is no boat wake because it is located at the end of the canal. This property is private and quite. Zoned multi-family high-rise, this property presents an exceptional opportunity for developers or investors seeking to build another cottage and main house, apartments, or an upscale residential complex. Utilities are already in place, streamlining your development timeline. With its unbeatable location, zoning flexibility, and expansive water frontage, this is one of the most attractive investment-ready parcels available on the island for your ideal vision to add villas, cottages or whatever you desire.