Fantastic development opportunity in the heart of Islamorada, Florida Keys! One-of-a-kind waterfront site with walk-in sandy beach, panoramic views nestled in this most sought after, private serene Island Life setting. This hidden gem reveals a unique “Houseboat” which can become the home of your dreams.The historic Gilmore Estate is situated on 5+ acres with 300 feet of sugar sand beach overlooking the Atlantic Ocean. This ideally located parcel in downtown Islamorada is cocooned in lush tropical landscaping and offers the opportunity to build a spectacular oceanfront estate in a highly sought-after setting. In addition, this property offers a 60 foot 1948 Chris Craft houseboat perfect for a guest house. Featuring one stateroom, two baths, a galley kitchen, and salon on the first deck, and a top deck providing a 4-bunk stateroom and private upper deck with wide open ocean views! The Houseboat was originally docked next door at the Cheeca Lodge in the 1960's when Hurricane Donna broke her away from her mooring and left her high and dry on US 1. The Houseboat was found and then rolled on telephone poles back into the place where it sits, permanently ""anchored"" today commanding the perfect spot on the beach! The Houseboat was custom built for Baron Conrad Hilton, the hotelier. Rich in history, this estate has entertained many dignitaries including President Harry Truman and President George Bush Sr. President Harry Truman composed much of the Truman Letters from pen and pad while on the boat.