Positioned along the prestigious waters of Admiralty Bay, this exceptional one-and-one-half lot homesite presents a rare opportunity to create a legacy waterfront residence in one of Naples' most coveted locations. Boasting highly sought-after southern exposure, the property captures breathtaking panoramic views across the wide waters of Admiralty Bay toward the surrounding natural beauty that defines this extraordinary setting. The expansive dimensions provide an exceptional building envelope capable of accommodating a significant estate residence while maintaining a sense of space and privacy rarely found today. Just moments from Gordon Pass and the Gulf, the location also offers convenient access to Naples' celebrated inland waterways and some of the most pristine estuaries in the United States. Held for decades by the family of Port Royal's original developer from the inception of the community until its acquisition by the current owner, the property possesses a unique and storied provenance within the neighborhood. Significant recent investment has further enhanced the offering, including the installation of substantial new riprap along the waterline. A rare opportunity exists to secure one of Port Royal's most compelling waterfront properties prior to the highly anticipated completion of the new Port Royal Beach Club, scheduled for late 2026. Port Royal Club eligibility further enhances the offering, with the Club's world-class beach, dining, fitness, and tennis facilities nearby. Just minutes from Naples' internationally renowned shopping, dining, galleries, and cultural attractions, this extraordinary homesite offers the quintessential Naples lifestyle and an unparalleled opportunity to build a dream residence in one of the most desirable locations in Port Royal.