Large, half-acre lot in the Peninsula Estates neighborhood on the north section of Cape San Blas. This property is high and dry with a lovely natural setting for a future homesite in a quiet and buffered location, away from the traffic and crowds. The unspoiled north Cape beach is a short walk from the property on the deeded neighborhood boardwalk access. There is also a neighborhood deeded bay access trail a short walk away in the opposite direction, allowing you to enjoy pristine St. Joe Bay and all it has to offer. The property measures ~109' wide on the roadside and ~200' deep, providing plenty of flexibility for a future homesite with a nice yard. The state park is right down the road, with a few restaurants and convenience stores in close proximity of this north Cape location. No HOA or annual dues here, just north Cape beach and bay life. There is over 40% of the property in the higher elevation X flood zone, remaining property in the AE flood zone.