Rare waterfront opportunity in the heart of Oak Hill! Situated on a navigable canal with direct access to the world-famous Mosquito Lagoon and the Indian River Lagoon, this property is a true paradise for boaters, anglers, and nature lovers alike. Just a short ride to Ponce Inlet and the Atlantic Ocean, you'll enjoy some of Florida's best fishing, shrimping, crabbing, kayaking, and wildlife watching right from your backyard. The existing home offers the potential to renovate and create an affordable waterfront retreat, seasonal getaway, or income-producing property, or take advantage of the canal-front lot and build your dream coastal home. The canal provides easy access to the Intracoastal Waterway, with approximately 14 miles to Ponce Inlet by water. Located in the quiet fishing community of Oak Hill, this property is surrounded by the natural beauty of the Indian River Lagoon system-one of the most biodiverse estuaries in North America and nationally recognized for its outstanding redfish and spotted trout fishing. The area is known for its peaceful Old Florida charm while still being just minutes from New Smyrna Beach, Canaveral National Seashore, waterfront dining, and endless outdoor recreation. Property is being sold AS-IS. Seller will make no repairs. Whether you choose to restore the existing home or build new, this is a chance to own a slice of waterfront paradise with direct Intracoastal and ocean access.