An opportunity like this doesn't come along very often!!! The existing 1582 sq ft, 1966 concrete block on this parcel, is a side by side duplex, in the most desirable location of madeira beach, directly on johns pass, with expansive open water views, at the #1 vacation destination, and it's only 2 blocks away from the sandy beaches of the gulf of mexico!!! Both units are adjoined by a double door, one of the units can be an in law suite, shared with family & friends, or keep it locked, giving each unit privacy. The structure and the dock was affected by the recent hurricanes, but it gives you several options, "once all of the due diligence has been completed by the buyer and the required application(s) for the review & approval of planning & zoning with both pinellas county & the city of madeira beach have been submitted, approved & the permits have been issued to proceed with a project you have in mind", to create an investment portfolio for yourself to generate profit and increase wealth; it can be remodeled & remain as a side by side adjoining duplex; you can keep it simple and remodel it to your liking; elevate the existing structure & remodel it; or take it down and rebuild a beautiful beach home you've always wanted, like several others have done. It's your choice!!! This 52' x 125' parcel offers room for a pool, or nice sized patio; as a duplex you can have two boat slips/boatlifts, and a new 50' dock can be built via water & navigation, "once the permit applications have been approved & issued to proceed by both pinellas county & the city of madeira beach"... Each unit has a huge picture window in the living room with open water views of johns pass & there's a spacious 8' x 40' covered lanai across the back of the duplex with great open water views when you want to relax, get out of the sun a bit, grab a beverage of your choice, and be entertained by watching all types of boats go by and the schools of dolphins that frequent johns pass... Enjoy the relaxing beach lifestyle & great atmosphere this area has for everyone... Johns pass village, and the boardwalk are right around the corner where you can enjoy several great restaurants, live music, a wide variety of unique shops, all kinds of watersport activities including jet ski rentals, charter fishing boats, tiki boat & sightseeing cruises, and even a pirate adventure cruise... Something for everyone! And if you prefer winding down a bit after a day in the sun, take a stroll along the beach just a few steps away and watch the spectacular sunsets. Being centrally located also has its advantages... There are 2 major airports nearby, several top notch hospitals in the area, and great colleges & universities close by. It's a 45 minute drive to tampa, which has "all kinds" of interesting sites to see... The historical ybor city walking tour; the university of tampa museum; the must see 1926 historic tampa theatre; the florida aquarium; busch gardens amusement park; the tampa zoo; and orlandos "numerous" theme parks are just a 2. 5 hr drive caway... The list of things to do & see is endless! Whether you're an investor looking for a prime location to build a new waterfront home for resale, or you have always wanted to invest wisely to buy & live at the beach, consider purchasing this property now to take advantage of the increasing property values to come. (this property is also listed under income residential property mls #tb8365293)