Incredible opportunity to acquire this waterfront property priced at lot value on one of Miami Beachs most exclusive gated islands. This 4BD/3.5BA home, approx. 3,934 SF under AC, sits on an oversized lot with 75 feet of open bay frontage and spectacular views. Ideal for a full remodel or complete redevelopment for the construction of a brand new house (Floor plans of a stunning new contemporary home available upon request) bring architectural vision to life with your own custom masterpiece in a booming area. Just minutes from Bal Harbour, world-class beaches, dining & shopping. Rare chance to secure prime bay-front real estate at land-only pricing. Easy to show.