Prime 20,749 sq ft lot zoned multi-family high-rise with an impressive 164 ft of canal frontage in the growing Derby Unit 1 community. With utilities in place and modern homes rising around you, its an ideal spot to build. Create income producing waterfront housing with dockage, or enjoy the tranquility of a private cul-de-sac and the rare luxury of pulling your boat right up to your backyard. Conveniently located just 15 minutes from the airport and downtown shopping. Adjacent Lot 6, offering an additional 219 ft of canal frontage is also available, presenting an exceptional opportunity to expand or invest.