Buildable island property with State-approved conservation acquisition history, riparian rights, non-sovereign submerged lands, permittable dock and boat slips with lifts, and a premier Lemon Bay/ICW location. Manasota Key TROPHY PROPERTY! This property spent the past year in a formal State conservation acquisition process. A 10-member state review panel evaluated the land, including its environmental significance, habitats, upland area, submerged lands, and overall character. The property received unanimous approval for State acquisition. The State department responsible for purchases (after approvals) had its funding reduced in a budget shift. The approval remains in place, but State funds are not currently available. A reputable non-profit optioned the property as a potential interim buyer for the State. A strong appraised value established by a certified State appraiser created a holding risk for the non-profit without near-term State funding certainty. The result: a property unanimously approved by the State of Florida for conservation acquisition is now available to a private buyer, freed up solely by a reallocation of state funds, not any issue with the land. County build determination is confirmed in writing, subject to setbacks, with septic and cistern systems feasible for a single-family residence. Opportunity to build a private island residence designed for boating, fishing, waterfront living, or unmatched privacy. The property includes riparian rights and a deeded electric easement. This is a legacy opportunity. A location that family will remember fondly for a lifetime! Rare, exclusive, and impossible to duplicate. It's a short cruise to the open waters of the Gulf, world-class fishing, nearby restaurants with dockage for dining and entertainment, and the four beaches of Manasota Key with turquoise waters, soft sand, and a laid-back coastal atmosphere. Reach out today for details.