ATTENTION INVESTORS, DEVELOPERS, AND SAVVY OWNER-OCCUPANTS! Incredibly rare investor opportunity: a nearly complete two-story 5-bedroom, 3.5-bath, 3,928 sq. ft. waterfront pool home masterpiece in the heart of the highly desirable Section 93 of South Gulf Cove - PLUS an adjacent, divisible and buildable waterfront lot included. This home has undergone significant updates, offering a rare opportunity to step in and finish a high-value project. Due to a change in the seller’s plans, you can pick up where they left off on this absolutely gorgeous and thoughtfully equipped property at a steep discount, maximizing upside potential and long-term returns. With more than two-thirds of the project already complete and nearly all materials needed for completion on-site or purchased, this is a rare finish-and-flip for investors and developers and a fantastic complete-and-hold scenario for savvy owner occupants. The property includes: 1) A re-engineered downstairs area with an open-concept layout and higher ceilings. 2) A recently installed $45,000 new metal roof. 3) Impact-resistant windows throughout. 4) An upgraded double-glass front door ready to be installed. 5) A brand new whole-house Generac generator. 6) A brand new pool system and filled propane tanks for heated pool. 7) Brand new luxury wooden soft-close automatic kitchen cabinets fully assembled and ready for installation. 8) 160 feet of seawall / waterfront with a recently serviced 12 foot dock, lift, and winch. Enjoy canal access and being only a short boat ride away from the Gulf of Mexico. 9) Three of the four upstairs bedrooms open onto a shared balcony overlooking beautiful sunset views from east to west. 10) Upstairs laundry room in addition to a downstairs laundry room. 11) 3-Car Garage, perfect for your golf cart or ATV. 12) Brand new irrigation pump installed, drawing from the canal's brackish water for efficient and cost-effective property irrigation. 13) Newly done magnificent tile work and high-end premium vinyl flooring that is more than half installed and on-site. The drywall is open in select areas, awaiting electrical inspection, while the bathrooms are partially finished with expired permits that can be easily reopened to move forward with the work. All other necessary permits are already in place, streamlining the completion process. Seller has a contractor who is knowledgeable about the property and ready to move forward with a willing buyer. Included in the sale is the adjacent divisible and buildable corner waterfront lot at 15400 Melport Circle, that offers endless possibilities for development or additional value as part of a single expansive property. With the buildable lot on the right, and an undeveloped wooded lot on the left, this property offers a rare secluded sanctuary for new owners. Enjoy the privacy and tranquility of your surroundings while still having easy access to restaurants, shopping, retail and all the amenities you need. This home is located in a non-HOA community and features super-low assumable flood insurance at just $1,200 per year. It has never flooded, even through the last three hurricane seasons, providing peace of mind for the next owner. Easy to show. No HOA/CDD fees. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” please just reach out to the listing agent below for disclosures and MLS info sheet. No assignable contracts accepted. Schedule a Private Showing

Listing courtesy of STELLAR_MLS / RICHARD PETERS REALTY LLC

Last checked: Checking… • Last updated Dec 17, 2024 • Source: STELLAR_MLS

MLS# TB8328230 — Report a problem