MADEIRA BEACH owner financing home - a multi family property ( beds, 3 baths)

Under contract-accepting backup offers. An exceptional investment opportunity awaits on Boca Ciega Bay with direct access to the Intracoastl Waterway and just minutes from the Gulf of Mexico. This rare double lot (combined 80 x 95 ft / 7,600 SF) offers endless potential for investors or those looking to build their dream waterfront home. Currently, the property features three cottages with stunning water views, but they will need to be rebuilt to meet current hurricane codes. The R2 zoning and multi-family land use designation (less than 10 units) allow for flexible redevelopment options, including:nnRebuilding three new structures on the existing footprintnConstructing a new duplexnBuilding an elevated single-family residencenEnjoy a private and secluded location in a truly nautical neighborhood, just a short walk to the world-famous Gulf beaches and Johns Pass Village-a vibrant hub of dining, shopping, entertainment, and water activities like sunset cruises, fishing, and dolphin tours.nnWhether you're an investor seeking income-generating potential or a homeowner dreaming of waterfront living, this property offers unmatched value and versatility.nn* Lot Size: 80 x 95 ft (7,600 ...

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

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