Prime redevelopment opportunity with exceptional upside potential. The property experienced flooding during Hurricane Helene in September 2025; however, remediation was completed immediately following the storm, preserving the site’s viability for future use. Situated within a designated flood zone, buyers are encouraged to conduct due diligence with the City of Redington Shores to fully understand redevelopment options and allowable improvements. This parcel presents a compelling value-add scenario—ideal for investors or developers seeking to capitalize on its premium location. The true highlight: the ability to construct a side-by-side 36-foot duplex with water views, unlocking significant income-producing potential. With strong rental demand in the area and limited waterfront inventory, this is a rare chance to build a high-performing asset in a highly desirable coastal market.
Financial Considerations
Price:
$599,000
HOA Fee:
N/A
Tax Amount:
$4580.85
Price per SqFt:
$427.86
Tax Legal Description:
GAY SHORES BLK 1, LOT 8 & PT INTEREST 3 FT STRIP TO GULF AS DESC IN DEED 1437/127 (SEE MAP SE 31-30-15)
Exterior Features
Lot Size:
5040
Lot Features:
CoastalConstruction Control Line, Flood Insurance Required, FloodZone, Landscaped, Paved, Unincorporated