Rare Gulf-access opportunity in Cape Coral's highly desirable Yacht Club neighborhood! Situated on a corner lot with 80-foot waterfront on a canal, this property is approximately 10 minutes and only one bridge from the Caloosahatchee River. The existing single-story residence offers 2 bedrooms plus a den, 1 bathroom, approximately 1,301 square feet of living space, and an attached 1-car garage. The home is livable but mostly original, giving buyers the flexibility to renovate to their own style or build a new waterfront residence on this unique lot. A new roof was installed in 2021. Located near downtown Cape Coral, dining, shopping, and entertainment. This property presents outstanding potential for investors, builders, boaters, or buyers looking to create their own piece of paradise in one of Cape Coral's most recognized waterfront communities.