Prime redevelopment opportunity with exceptional upside potential. The property experienced flooding during Hurricane Helene in September 2025; however, remediation was completed immediately following the storm, preserving the site's viability for future use. Situated within a designated flood zone, buyers are encouraged to conduct due diligence with the City of Redington Shores to fully understand redevelopment options and allowable improvements.This parcel presents a compelling value-add scenario-ideal for investors or developers seeking to capitalize on its premium location. The true highlight: the ability to construct a side-by-side 36-foot duplex with water views, unlocking significant income-producing potential. With strong rental demand in the area and limited waterfront inventory, this is a rare chance to build a high-performing asset in a highly desirable coastal market.
Listed By
Agency Name: SMITH & ASSOCIATES REAL ESTATE
Agency Contact: 727-342-3800
Shown By
Agent Name: Team SPARACINO
Agent Phone: Toll Free: (800) 216-8953
Agency Title: Florida Executive Realty
Estimated Payment
$ 1,889.49 per month $1,333.11 Principal & Interest $381.67 Property Tax $174.71 Homeowner's InsuranceCONTACT ME
Team SPARACINO
111 174th Avenue E | MLS# TB8499373
This home located at 111 174th Avenue E, Redington Shores, FL 33708 is currently listed for sale with an asking price of $599,000. This property was built in 1950 and has 2 bedrooms and 2 full baths with 1400 sq. ft. 174th Avenue E is located in the GAY SHORES subdivision. Search GAY SHORES real estate on team-sparacino.floridaexecutiverealty.com today.