Tremendous opportunity on prime waterfront real estate - priced BELOW FEMA's lot valuation! This oversized property offers over 122 feet of sailboat-depth water frontage with direct Gulf access via a short boat ride to John's Pass, making it a highly desirable location for a future luxury new home or remodel potential. From the back patio, enjoy the open water views and beautiful sunsets. The private dock includes a 10,000 lb boat lift and area for an additional slip, enhancing its appeal to boating enthusiasts and high-end coastal buyers. The existing 3-bedroom, 3-bath structure sustained storm damage but has already been remediated, with all compromised materials professionally removed. This is not a substantially damaged home, so renovation is permitted. Whether rehabbing the current structure or building new, the possibilities for strong ROI are significant. Call for a detailed and extremely reasonable rehab estimate or building plans and pricing to construct a new home. Samples of remodel work and model home available to tour. The property is being sold "As-Is" and the seller makes no warranties regarding the home's condition. Buyers to assess the property's suitability for their intended use.