Rare opportunity to build your dream coastal home on this cleared canal-front lot in desirable Perdido Key. Located at 7272 Captain Kidd Reef, this approximately 0.265-acre waterfront homesite offers the unique ability to enjoy both beach living and boating access—a combination rarely available along the Gulf Coast. With approximately 53 feet of deep-water canal frontage and an existing seawall, this property is ready for your custom island retreat. Unlike Gulf-front homes that provide incredible beach access but typically lack private boat access, this location offers the best of both worlds: walk to the pristine white sand beaches of the Gulf while keeping your boat right behind your future home with easy access to surrounding waterways. Zoned Medium Density Residential (previously R2PK), this versatile homesite provides flexibility for a custom coastal residence. The lot is cleared, level, and ready for construction with approximately 117 feet of street frontage. Existing improvements include a Beach Mouse permit, boat lift permit readiness, and waterfront infrastructure that adds significant value and convenience. Situated in the heart of Perdido Key, this property is surrounded by natural beauty with Perdido Key State Park nearby, offering protected views, preserved coastal scenery, and some of the most desirable beaches in Northwest Florida. Enjoy quick access by boat to area waterways while remaining close to waterfront dining, shopping, marinas, and all that the Florida Gulf Coast lifestyle has to offer. A rare waterfront opportunity where boating, beaches, privacy, and location come together. Build the island home you've always imagined and experience the best of Perdido Key living.