This stunning 21.5-acre property in Cocoa, Florida, offers an incredible opportunity for development into a luxury lakefront community or a premier equestrian estate. The property consists of three parcels: a 1.47-acre lakefront parcel, 14.45 acres of mostly cleared pastureland and 5.59 additional acres. With a combination of open space, wooded areas, and water features, including a picturesque pond and direct lakefront access, the setting is as versatile as it is beautiful. Previously operated as a horse ranch and boarding facility, the property is equipped with an 18-stall concrete barn, tack and feed rooms, a riding arena, a covered porch, a workshop, and a caretaker's trailer. Approximately 10 fenced pastures provide ample room for horses or other uses, making it ideal for an equestrian community. Currently zoned agricultural for tax purposes, the property can be rezoned as Res2 in county or potentially annexed to the City of Cocoa with Res4 zoning based on future land use and possibility for higher-density development due to its proximity to the neighboring Adamson Creek community. Additionally, city water and sewer are available, further enhancing the development potential. Former soil studies revealed pure white and yellow sand on-site, a valuable resource for any development plans. Other opportunities abound, including restoring and expanding the existing equestrian facilities to create a thriving horse ranch or boarding and training center. The property also offers immense potential for creative agritourism ventures, such as developing equine tourism experiences, establishing a picturesque wedding venue surrounded by lakefront beauty and rolling pastures, or converting the grounds into a serene bed and breakfast or campsite. These ventures can take full advantage of the property's natural beauty while benefiting from limited regulations, significant tax advantages, and liability protections. Whether envisioning a serene equestrian community with lakefront access, a sophisticated lakefront neighborhood, or an agritourism destination, this unique property blends natural beauty, functionality, and versatile development options, making it an exceptional opportunity for visionary buyers.