CHECK OUT THIS DEVELOPER SPECIAL WITH THE HIGHLY COVETED R-3 ZONING & NIGHTLY RENTAL APPROVED (high density multi-family zoning with a proposed 12 unit build plan)! Discover endless potential at 126 Melton Peninsula in Cape Fair, MO. This 4.52 +- acre parcel is a perfect setup for developing a cozy lakeside neighborhood. Imagine a community where neighbors gather to enjoy breathtaking water views and relaxed outdoor living. Cape Fair is known for its friendly lake vibe, natural beauty, and easy access to local amenities--ideal for anyone looking to build something special. If you've been dreaming of creating a modern yet welcoming retreat by the water, this property is ready for your vision! Seller paid development documents (survey & civil plan) are readily available for buyer review. The sellers are even willing to help the buyer with documentation/permits/walking through of the development process, as needed!! ***The Sellers are reviewing offers in the order they are received***