PRIME GULF OF MEXICO & INTRACOSTAL access with UNLIMITED POTENTIAL. The best of Both Worlds!! An exceptional opportunity to own a prime property with 60' of beach front property right on the Gulf of Mexico where the possibilities are as limitless as the views. This generously sized 15,200 sq. ft(10,500 Usable) lot offers ample space for condos, or a multi-family income generating unit. Currently county use is for hotels and motels. Included is a dedicated space on the Intracoastal side, ideal for building your own private dock. The existing home, which previously housed multiple rental rooms/units is in need of a complete renovation or a teardown. It currently includes 8 bedrooms and 6.5 bathrooms. However, the true value lies in the land itself and its zoning for future development. Commercial Tourist District.
Financial Considerations
Price:
$5,500,000
HOA Fee:
N/A
Tax Amount:
$33642.88
Price per SqFt:
$528.69
Tax Legal Description:
INDIAN ROCKS BLK 4, LOT 1 & S 10FT OF VAC FRANCES ST & SUB LAND & VAC ST ON WEST
Exterior Features
Lot Size:
15194
Lot Features:
FloodZone, Near Public Transit, Street Lights, Paved, Waterfront