INVESTMENT OPPORTUNITY in South Gulf Cove! Dry lots are quickly being bought up. And why not? Where else can you purchase a quarter acre lot with water and sewer at this price? This lot is in an 8AE flood area with GIS elevations on the adjacent lot showing 7.67. This is GREAT news because according to the county building codes, you may not need a stemwall. (This will ultimately be determined by your topography survey). Looking to build a new home, then this convenient location with quick access to SR 771 may be for you. Located just across the street from the Santa Cruz canal, this property is very quiet and easily accessible.