$500,000 Price Reduction on Lucrative Bayfront Development Opportunity with seawall protected 18 Slip Boat Basin. 2.24 Acre residential parcel with 175’ Bay Frontage on Blackburn Bay. Parcel zoned RMF2 (9 units / acre) so 20 units possible with approximatly 90% of parcel FEMA X500 Flood zone so build Bayfront directly on Grade - Townhomes, Stacked Townhomes, Multifamily or Single family homes or even a Single Family Estate like adjacent parcel to North. RMF2 Zoning allows one garage floor under living space with 35’ maximum building height above FEMA so 2 levels above garage. Electric connected and Water and Sewer on Street and seller has sewer plans. The adjacent parcel to South sold for $4.2M in 2006 and parcel to North with a single family home sold for $4.35M in 2017 and both were significantly smaller and no Boat Basin.
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on August 23rd, 2019 at 7:45am EDT.