249 BOCA CIEGA DRIVE LOT 5, MADEIRA BEACH, FL 33708

An exceptional investment opportunity awaits on Boca Ciega Bay with direct access to the Intracoastal Waterway and just minutes from the Gulf of Mexico. This rare double lot (combined 80 x 95 ft / 7,600 SF) offers endless potential for investors or those looking to build their dream waterfront home. Currently, the property features three cottages with stunning water views, but they will need to be rebuilt to meet current hurricane codes. The R2 zoning and multi-family land use designation (less than 10 units) allow for flexible redevelopment options, including: Rebuilding three new structures on the existing footprint Constructing a new duplex Building an elevated single-family residence Enjoy a private and secluded location in a truly nautical neighborhood, just a short walk to the world-famous Gulf beaches and John’s Pass Village—a vibrant hub of dining, shopping, entertainment, and water activities like sunset cruises, fishing, and dolphin tours. Whether you're an investor seeking income-generating potential or a homeowner dreaming of waterfront living, this property offers unmatched value and versatility. * Lot Size: 80 x 95 ft (7,600 SF) * Zoning: R2 – Residential * Land Use: Multi-Family (<10 units) * Waterfront: 80 ft on Boca Ciega Bay * Location: Minutes to Gulf, walkable to beaches & John’s Pass Don’t miss this chance to own a slice of paradise with owner financing available!