This charming waterfront property presents a rare opportunity for redevelopment on one of Miami Beach's most desirable guard-gated island communities. Whether renovating the existing residence or creating a spectacular new custom waterfront estate, this exceptional property offers endless potential in a premier location. Ideally positioned on a 9,000-square-foot lot along a picturesque waterway leading to Biscayne Bay, the home is just the third residence from the bridge connecting to the Western Point. The property features 60 feet of waterfront with ample space for a new private dock and offers convenient boating access with only one fixed bridge to the open waters of Biscayne Bay. Located in the highly sought-after (NOBE) North Beach neighborhood, north of 71st Street, this prime setting provides an exceptional waterfront lifestyle. The existing residence offers 3 bedrooms, 3 bathrooms, and 2,786 square feet of living space, highlighted by a charming courtyard entrance with Chicago brick columns and flooring, as well as dual entry fountains that create a warm and inviting arrival. The outdoor living areas include a swimming pool surrounded by a brick pool deck, mature tropical landscaping, and a lush privacy hedge, providing a tranquil setting while awaiting your vision for the future. Prime property location near the beach, fine dining and shops, Bal Harbour, Downtown Miami, and Miami International Airport.