A rare opportunity to own a one of a kind 1.1-acre beachfront property on Venice Island. Originally listed for 5,995,000. Now selling for recently appraised value of 4,050,000 (see attached appraisal). This exquisite Venice Island Beachfront lot is ideally placed on the pristine sands of the Gulf of Mexico. Nestled on a private street with exclusive beach access in the coveted Cornwell on the Gulf Community. Due to the size and elevation of this property, it is considered to be in an “X” NON-FLOOD ZONE. This offering also includes approved plans for you to build a modern contemporary estate. This beachfront estate includes 4 bedrooms and 4 baths. Has 4,674 sq ft of air conditioning space and 8,059 of total Square Footage. There are 18' ceilings, a striking 2 story accent wall and entryway. Walls of glass that flood the space with natural light while framing the stunning coastline. A chefs dream kitchen perfectly designed for relaxation and entertainment. The home effortlessly connects to expansive outdoor living spaces with a resort inspired oversized pool, sun shelf and twelve-person spa. See attached pictures and layout. Selling only the lot for recent appraised value.