$1,795,000

Deepwater Luxury Lot in Yachtsman Point – 165’ Waterfront + Dock Permit Approved. Listing is for the lot only, the rendering is from the conceptual plans. Welcome to 186 Pelican Reef Drive, a truly exceptional opportunity to build your waterfront dream estate in the prestigious Yachtsman Point at Pelican Reef. Boasting an impressive 165 feet of deepwater frontage, this rare homesite offers unmatched access to the Intracoastal Waterway, creating the ultimate setting for boaters, water lovers, and those seeking an elevated coastal lifestyle. This is more than just a lot — it's a ready-to-build waterfront estate site, with all of the heavy lifting already done. Over 120 loads of clean, compacted fill dirt have been brought in, and permits for a private dock and bulkhead have already been approved by the Army Corps of Engineers, DEP, and SJRWMD — an incredible value of time and peace of mind. You’ll also benefit from a comprehensive survey with topography and tree locations, along with a geotechnical report including all necessary soil borings. Plus, a striking set of architectural plans, designed by renowned Home Designer and Builder Jason N. Forrest and his team at Forrest Inc and The Build For Life Co, has been approved by the Pelican Reef Architectural Review Board and will convey to the buyer upon request. The home design is one of Forrest’s most exciting and inspired creations to date — a bold blend of form, function, and coastal sophistication — ready to be brought to life. Prefer your own vision? The lot’s size, shape, and water frontage offer the flexibility to design your own personal sanctuary. Located within St. Augustine’s exclusive gated community of Pelican Reef, just minutes from downtown and the beaches, this is one of the last remaining opportunities to secure deepwater access in such a prestigious enclave. Owner financing may be available, providing added flexibility for buyers.