TRIPLEX ON THE WATER. Investor's dream. To maximize your ROI, it is recommended to build (3) 4 bed/4 bath condos with 3 boat slips, that = $$$ With ample covered parking underneath. This is an investor's dream. with several options. You can work on restoring the current structure, you can build your dream home on the water, or to maximize your ROI (return on investment) you can Rebuild UP and build up to 3 units. I have already done the months of research and been approved in writing by Treasure Island Zoning to build up to 3 units on this property. There is also room for a couple boat slips, which, in-itself is in high demand in this area. At this current listing price, it's a no brainer... Don't wait, seize the moment... With direct waterfrontage on Boca Ciega Bay, this property offers stunning water views and an exclusive coastal lifestyle. The current triplex configuration allows for multiple income-generating opportunities—whether renting out individual units, converting the property into a luxury single-family home, or even expanding it. The versatility of the space makes it appealing to a variety of buyers, from investors to those wanting a dream home. Just a short walk from the pristine Treasure Island Beach, this home gives you the best of both worlds—bayfront living and easy access to beach activities, shopping, dining, and entertainment. Treasure Island is a sought-after destination for those seeking a laid-back yet vibrant lifestyle, with easy access to downtown St. Petersburg, local parks, and various recreational opportunities. Realtor is part owner in this property.