13750 Park Blvd - Approved 9 Luxury Townhomes starting at $650K

Don't miss out on this incredible opportunity! This property is an assemblage of 3 parcels and is currently under ongoing development for continued entitlement and increasing value. Owner/Seller/Developer includes all current entitlements in the sale. This property is a pre-construction gem to be built. Current development plan allows for construction of 9 luxury townhome units. All are luxury 3-bedroom, turn-key homes with significant income potential with minimum lease restrictions. Sell through at retail is nearly 6.2 million with an estimated build-out/acquisition cost of 2.7M (Cost of entitled land + construction) yielding a strong margin for a developer/builder choosing to build project and sell all units at market value. Located just a half-mile from the pristine beaches of Florida's central gulf coast, this property boasts a prime location with easy public parking access to the beaches. You can reach the beach in a quick 10-minute walk or a 1-minute drive. This elegant property combines luxurious living with a lucrative income opportunity, and there are no rental restrictions in place. One of the standout features of this property is its strong zone rating for flood insurance requirements, ensuring your investment is well-protected against the riskiest exposures, such as hurricanes. Safety and peace-of-mind come standard here. Inside, the existing construction plan for each home offers three spacious bedrooms, two full baths, and one half bath. With 9-foot volume ceilings and abundant natural light, it exudes lifestyle luxury. Car enthusiasts will appreciate the thoughtfully designed two-car garage, offering secure parking and ample storage space. The primary bath is adorned with the finest finishes, a spacious walk-in shower, and dual vanities. The versatility of the additional bedrooms allows one to adapt the space to their needs, whether as guest rooms, a home office, or any other purpose. Safety and durability are also built into the plan. The top priorities for the existing planned construction include solid block construction on all floors and highly rated ESW windows and doors to protect against storms and natural elements. Per the proforma metrics herein, unlock the income potential of this property with its sought-after location and impressive amenities. Situated near shopping, dining, and entertainment options, these residences offer convenience and luxury living at its finest. Owners and rental guests have quick access not only to silky sand beaches but also to downtown St. Petersburg and other vibrant metropolitan areas. World-renowned entertainment venues, arts, concerts, shows, and an award-winning international airport are just a short drive away, expanding one’s opportunities for exploration and adventure. Seize this chance to own residences with generous income-generating opportunities that encapsulate the essence of upscale living. Don't let this investment slip through your fingers! For those investors requiring a greater investment opportunity consisting of more entitled properties and land, listing agent has access to additional income opportunities with no rental restrictions. Ideal for robust short-term rental income with very attractive cap rates.