Nestled in a tranquil tropical haven on the exclusive Coconut Grove bayfront, this property boasts an impressive 139 feet of water frontage on a spacious point lot, featuring rare and substantial dockage. With a newly adjusted price, this offering presents an unparalleled value in one of Miami's most esteemed neighborhoods. The existing 7000-sqft home comprising 8 bedrooms and 10.5 baths, provides a perfect canvas for modern enhancements or a complete redevelopment. Additionally, the house can be leased during the design and permitting phases, providing an excellent investment opportunity. Easy access to the seaside village of Coconut Grove, fine dining and shopping, marina, parks and bikeways.