16007 GULF BOULEVARD REDINGTON BEACH, FL 33708
$1,250,000
4 Beds
2.5 Baths
2160 sqft
MLS#
TB8489780
Type
Single Family Residence
Status
Active Listing
Square Footage
2,160
Bedrooms
4
Bathrooms
2 full | 1 half
Year Built
1949
Tax Amount
$3,712
Garage Spaces
1
Property Description
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.
Cooling:Central Air
Ceiling Fan(s)
Eating Space In Kitchen
High Ceilings
per month
Principal & Interest
Property Tax
Mortage Insurance
HOA
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