A rare opportunity to build a one-of-a-kind new construction home in Coral Gables overlooking the open water of Biscayne Bay. This gated community is guarded 24/7. The oversized lot is 16,500 square feet (165 feet deep with 100 feet wide on the waterfront). The current two-story home has 4 bedrooms and 3 baths with 4,714 square feet and could be rented while the planning and permitting process gets underway. Enjoy views of Coconut Grove, Downtown Miami, Key Biscayne, and beaches. The only lot on the Bay presently available with an unobstructed view, South of the Grove.