Waterfront lot zoned multi-family. South Gulf Cove is the right location for a waterfront lot with Gulf Access. This lot fronts on the Butterford Waterway and is zoned for multi-family. The lot listed to the left is also RMF5 (See MLS D6121149). Buy both lots for a larger building parcel. Great location for multi family or single family home. Attention boaters: from this location, start out on the Butterford Waterway, turn south on the beautiful Santa Cruz Waterway, east on Zephyr Waterway to the Interceptor Lagoon on your way to the Myakka River, Charlotte Harbor and Gulf of Mexico. Check out the optional HOA in South Gulf Cove for an annual fee of $120. When not enjoying boating, check out the golf courses, parks, sports stadium and the Gulf beaches at Boca Grande and Englewood.