A rare waterfront offering in one of Puerto Rico's most desirable destinations. Overlooking the bay of Ensenada Honda with direct water frontage, panoramic views and exceptional development potential, this 4.51-acre parcel offers accessibility and location in a market where opportunities of this caliber are increasingly scarce. Direct frontage on Ensenada Honda Bay with elevated panoramic water views. Dual road access from both the upper and lower sections of the property. Minutes from Culebra's most popular attractions. Directly adjacent to the Costa Bonita Villas Resort. WATERFRONT & DEVELOPMENT ADVANTAGES The property's hillside topography captures constant Caribbean trade winds while maximizing views across the bay. Its unique configuration extends from the elevated portions of the site all the way to the bay's edge, providing direct waterfront frontage and multiple potential building envelopes. Utility connections for water, electricity and sanitary services are available nearby. INVESTMENT POTENTIAL Large waterfront plots with infrastructure access and proximity to Flamenco Beach are increasingly difficult to acquire in Culebra. The property's size, accessibility and tourism-oriented location make it well suited for a boutique hospitality concept, villa compound, eco-retreat, tourism lodging project or private estate, subject to all required approvals and permitting. GEOGRAPHIC ADVANTAGES Just 3 minutes from Culebra Airport, 5 minutes from the Culebra village, 8 minutes from Playa Mosquito, 15 minutes from world-renowned Flamenco Beach and 10 minutes from the Culebra Ferry Terminal. The location provides access to the island's transportation hubs, beaches, dining and recreational amenities. DEVELOPMENT READINESS The property is registered with both the Puerto Rico Property Registry and CRIM, with utility connections available nearby. The plot is within planning districts PR and DG which supports a broad range of tourism, hospitality, commercial, institutional and residential uses..