I guess that would all depend on your definition of "by the water". I assume you are talking about the Gulf of Mexico? Areas that allow horses are usually zoned agricultural or are set up as an equestrian community. I do know of a beautiful equestrian community about 10 minutes to Boca Grande beach or 20 minutes to Englewood Beach. Give me an email if you would like me to send you info on it. Have a great day.
Jason Stevens, GRI,ABR
Graduate Realtor Instititute
Accredited Buyers Representative
Kevin Flynn Realty, Inc.