A rare opportunity to acquire a property on Dona Bay in the heart of Historic Nokomis. Located on an essentially dead end street, only the 1 lane Cherokee completes the loop to Colonia Drive. This older Florida Ranch is 3-bedroom, 2-bathroom and has been lovingly maintained by the owners as a warm family home. Tile and laminate flooring throughout, updated kitchen, walk-in pantry(!) and bathroom. The rear yard is a gardeners delight with numerous fruit trees and ornamental shrubs. There is a large wood deck surrounding a working spa/hot tub. The house is perfect to use as it is or live in as your builder and architect design a house to take full advantage of the unique property. The lot extends across Sunset Drive where you will find a terrific new dock, built in September of 2020(!) and featuring composite decking. There is good water depth at the dock and direct access to the Jettys and the Gulf. There are 5 restaurants/cafes, numerous antique shops and an art gallery within about 350 yards of the property. Meet your new neighbors for cocktails and dinner! Nokomis Community Park is less than 500 yards away and features a community building, picnic pavilions, playgrounds, ball field and tennis courts. It is less than a half mile to the famous Legacy Trail bike and walking trail which extends north to southern Sarasota and south to the Venetian Waterway Park along the Intracoastal Waterway through Venice. The Legacy Trail will be extended further north into Sarasota and also to the Myakka River area and south to North Port through some of the most glorious "old Florida" landscape imaginable. Also listed as Vacant Land, MLS N6112501