Rare opportunity to own one of the only waterfront lots currently available in the Key West area -- and one of just a handful offering true canal and Gulf frontage with immediate boating access. This exceptional Gulf-front homesite offers the best of both worlds: protected canal dockage plus expansive open water access. Enjoy direct Gulf frontage, beautiful open water and bay views, and the ability to keep your boat at your own property. The lot includes a boat hoist and a grandfathered small boat launch, making it a dream setup for serious boaters and water enthusiasts. With generous lot dimensions, there is ample space to build a substantial custom residence with room for a pool and two-car garage. (Builder to verify maximum buildable square footage.) Imagine designing your ideal island retreat with sweeping water views and seamless indoor-outdoor living. The property is accessed through an electric gate, offering added privacy and exclusivity. In a market with extremely limited waterfront inventory -- currently only a few comparable vacant lots in the broader Key West area -- this homesite stands out for its combination of Gulf frontage, boating amenities, privacy, and build potential.