A rare opportunity to build on an oversized lagoonfront lot on desirable South Drive, complete with vinyl bulkhead (2005), and a boat slip. The bulkheaded waterfront can accommodate a 50' foot boat, while the slip (a unique feature rarely found on South Drive) can hold a small boat, or provide easy water access to launch boats and kayaks, swim, or to allow your dog to enjoy the water too! The property's protected location allows immediate access to the north end of Barnegat Bay, and to the Point Pleasant Canal, leading to the ocean, and is also close to the amenities that the nearby towns of Bay Head and Point Pleasant have to offer - beaches, restaurants, shops, and more. Come and build your next home here, whether for summer or year-round living! You will not be disappointed!