11855 1st Street ETreasure Island, FL 33706Price: $1,295,000

MAJOR PRICE IMPROVEMENT!!! Very rare opportunity…... This property is an excellent investment possibility or the perfect location for your future dream home! This amazing waterfront property is located just over one block from the gorgeous wide sandy beaches on the Gulf and only 8 blocks to world famous John's Pass! This lot boasts approximately 80 feet of protected water frontage on nearly 10,000 square feet of land. There is also a large dock with a 24,000lb boat lift and an additional wet slip. For those interested in an unparalleled investment opportunity, this property is zoned RFM-30. This unrestricted zoning permits a multi-family structure of up to 4 units, with an approved variance. As an added bonus, this zoning also permits short term/tourist rental use with “no change of occupancy restrictions”. There's more - RFM-30 also permits hotel/motel use, which would allow for a quant boutique property of up to 7 motel units, with an approved variance. This huge lot could also be the perfect space to build your own waterfront dream home. This is a boater's delight with protected deep water and a very short run out to the Gulf through world famous John's Pass. The options are endless on this rare property. This is currently the ONLY waterfront lot currently available on Treasure Island with the RFM-30 zoning and a short walk to the beach as well. While the previous single-family home has already been meticulously removed, there is a garage remaining, as well as driveway and patios. This allows you to park your boat at the large dock with lift and immediately begin enjoying your new waterfront oasis while you design your dream home or investment opportunity! This amazing property is definitely priced to sell and is awaiting your vision for the future development of this wonderful property.