$4,650,000

RARE DIRECT INTRACOASTAL REDEVELOPMENT OPPORTUNITY! Approx. .8-acre point/corner waterfront property with approx. 395' of waterfront—145' directly on the Intracoastal and 250' on a wide navigable side canal. Exceptional opportunity for a luxury waterfront estate or potential residential redevelopment. Currently owner occupied, providing the opportunity for continued occupancy while planning future redevelopment. Zoned RM-Multifamily Residential. City water serves the property. Municipal sewer is available at the property and sewer impact fees have been paid. Existing residence offered primarily for land/redevelopment value. All development potential and permitted uses subject to governmental approval and buyer verification. Property experiences seasonal King Tide/high-water conditions. Existing seawall is failing and will require replacement. Two existing septic systems will require abandonment with conversion to municipal sewer. Municipal sewer is available at the property and sewer impact fees have been paid.