OPPORTUNITY ZONE! This a rare chance to own and develop 6.5± acres of waterfront residential multifamily (RMF15 and RMF5) zoned land in the heart of Englewood and just minutes from the Gulf of Mexico by boat with no bridges. RMF zoning allows for the construction of both single family units and multifamily units, such as townhouses and condos. The zoning and density could allow for approximately 43 dwelling units and the property would qualify as a TDU (Transfer Density Unit) sending zone. Currently, this gated property contains seven homes and various sheds/garages. The main home is situated on the bay and features a pool, detached garage, and davits, while the remaining six homes are currently being used as income-producing properties. Also featured are concrete sea-walled canals on both sides of the main residence and a strip of land that borders the southern-most canal on the property. This property is located on a road that intersects Placida Road, one of the main arteries to the world-renowned Boca Grande and Cape Haze Peninsula. Don't miss the opportunity to own this valuable property located in close proximity to many restaurants, marinas, and golf courses.