Rare opportunity in the highly sought-after Old Floresta neighborhood of East Boca Raton! Situated on a prime corner lot along the scenic El Rio Canal. This exceptional property offers endless possibilities for builders, investors, or buyers looking to renovate and create their dream waterfront home. The existing residence features 4 bedrooms, 2 bathrooms, 1,627 square feet under air, a garage, and a screened-in pool. Whether you choose to renovate or build new, the unbeatable location makes this a truly scarce offering. True boaters paradise, with ocean access via both the Boca Raton Inlet and Hillsboro Inlet, providing easy access to the Intracoastal Waterway and beyond. Nestled in one of East Boca's most desirable neighborhoods, you're minutes from Mizner Park's premier shopping, dining, and entertainment, pristine beaches, and served by top-rated Boca Raton schools. Opportunities like this are few and far between.