Here's your chance to reimagine a prime waterfront property in the highly desirable Venetian Isles neighborhood. Situated on an oversized 10,041 sq ft lot with an impressive 90 feet of deep sailboat water frontage, 2017 Iowa Avenue NE offers exceptional potential for investors, builders, or those seeking to create a luxury coastal retreat. Located on one of the most desirable streets in the community and surrounded by multi million dollar homes and long term residents, this property presents a compelling opportunity for both redevelopment and long term value. Recently affected by Hurricane Helene, the existing structure currently qualifies for city approved renovations up to $155,000 based on the FEMA 50% Rule, making it ideal for a custom remodel. Alternatively, a new owner could design and build a new home complete with a legal accessory dwelling unit (ADU) to capture the full potential of the expansive water views. Boaters will appreciate the deep water access with no fixed bridges, suitable for larger vessels, along with the new 10,000 lb boat lift and dock. Additional highlights include a new 200 amp electrical panel, a fenced backyard, private pool, hot tub, and paver front courtyard, offering the foundation for a truly remarkable waterfront estate. Whether you choose to renovate, rebuild, or develop a high end custom home, this is a smart investment in location, lifestyle, and future value. Schedule your private tour today! Curious about what the home could look like being renovated as is? Call or Text one of the Listing Agents for a link to a virtual walk through video showing the home remodeled.