Holmes Beach - Beach Property For Sale #5950458

Under contract-accepting backup offers. Short Sale. Investor Special - Holmes Beach - Walk to the Gulf. Blank canvas in the heart of Holmes Beach--just a 5-minute stroll to the white sand and turquoise waters of the Gulf. This 4 bed, 2 bath ranch-style home has been fully demo'd post-Milton and is primed for a full renovation. Surrounded by dozens of successful short-term rentals, the location screams income potential. projects $158K+ in gross annual rents as a 4/2 with a 1/1 in-law suite. Even better -- we're including architectural plans to take this to a 4 bed, 3 bath, fully optimized for rental income, including that money-making in-law suite. Plenty of upside here--renovate, rent, or resell. No HOA. Zoned for weekly rentals. Opportunities like this don't pop up often in this area. Cash or hard money only--bring your contractor and vision.
*2024 taxes and Code violations will be resolved prior to closing
** FEMA is not requiring this house to be elevated.
***Can provide architectural plans on 4/2 plus 1/1 in-law suite.