Price: $1,250,000
MLS Number: TB8489780
 Single Family
16007 GULF, Redington Beach, Florida 33708 USA
 Beds: 4
 
 Baths: 2
 
 Living Area: 2,160
 Total Square Feet: 2,612
 
 Lot Square Feet: 13,081
 
 HOA Fees: 
 Year Built: 1949
 
 Community: REDINGTON BEACH HOMES 2ND ADD
 
 Subdivision: REDINGTON BEACH HOMES 2ND ADD
About this Property
This .30-acre (13,068 sqft) corner property, situated at the intersection of Gulf Boulevard and 160th Avenue in Redington Beach, presents two distinct investment opportunities. The first involves restoring the property to its original grandeur as a unique, spectacular 1940s home through rebuilding and remodeling. The original custom-designed home featured a wraparound design with a distinctive hexagon-shaped living room. The property's pool is fully functional, and city approval is in place to remodel the home in its current state. Given the area's allowance for short-term vacation rentals, the property could be used for that purpose, as it has 4 parking spaces. Furthermore, the property includes a 16x17 studio attached to the main home with a private entrance. Alternatively, developers may consider removing the existing structure and constructing two new homes, which could be the soundest investment given the newly permitted height allowance of 35 feet above the base flood elevation (BFE). The addition of rooftop decking would provide stunning views of the Gulf sunsets.

About the Area

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