No Bridges! Direct Gulf Access! This spectacular waterfront property is a boater's paradise! Enjoy boating, fishing, and relaxing on your very own direct Gulf access canal. This buildable lot offers 175 feet of waterfront on the North Spreader Waterway, perfect for constructing your dream home. Located in the upcoming gated community of North Cape Estates, this lot offers privacy, security, and exclusivity. Situated across from a preserve area, it boasts some of the most breathtaking views, creating a serene natural backdrop. This oversized lot includes a 2,475 sq.ft. approved boathouse (45' x 55') plus an additional 900 sq.ft. of dry storage. Developer concept plans feature an 8,600 sq.ft. home with a nearly 3,000 sq.ft. garage with 14' clearance, a three-story layout with elevator to rooftop, and a pool area suitable for a 25' x 65' pool with grotto. Plans may be downsized if desired. The private guest suite includes a master bedroom, three very large guest bedrooms each with full baths, and a small wet bar, providing ample space for family and entertaining. Don't miss this rare opportunity to own a premium waterfront property with direct Gulf access, ideal for the ultimate Florida lifestyle!