Listed below assessed value, this desirable 10-acre waterfront property, with a dock in place, provides an exceptional opportunity to create a legacy family estate. This lot was selected by the original developer of The Cape On Bowen to keep as their own due to it being one of the best of the 14 waterfront lots in the development. A gently sloping driveway leads to the large and flat prepared build site that overlooks Collingwood Channel. The west-facing lowbank, walk-on waterfront is gorgeous, with a mix of rock outcroppings and private pebbly beaches. With more than 5 acres of coastal forest, your privacy is guaranteed, and RR1 zoning allows for multiple structures and accessory residential uses. Waterfront properties that offer as much as this property does, are rarely made available.