Extraordinary two acre estate property, 102 feet direct intracoastal waterway frontage in the exclusive town of gulf stream since the 1940s, this parcel has been encumbered by various municipal and other easements and title issues that effectively precluded redevelopment. The current owner has resolved all such easements and other encumbrances, cleared and elevated the site, installed new water mains and installation of a new seawall and dock are in process. This unique 2 acre property is now ready for development of a new, direct intracoastal waterfront compound estate. The town of gulf stream municode permits as of right construction on this large parcel of up to a 19,475 square foot single family residence. With a private gated ent ry and nearly 1/4 of a mile private driveway from us 1 to the intracoastal waterway, the only public exposure to this property is the icw which overlooks the exclusive gulf stream golf club. This estate property is located within a single family waterfront neighborhood west of the icw but provides a true estate property situated within a community setting. Downtown delray beach is just two miles south, boca raton just five miles to the south, and palm beach just fifteen minute drive to the north. There is truly nothing like this property in south florida on the market today. This prime piece of real estate presents a extraordinarily unique opportunity for those looking to build their dream estate in a luxurious lifestyle surrounded by nature, water views and premium unrestricted deepwater icw dockage in a premium palm beach, south florida location. Video and recent survey of the property are available upon request.