An amazing and rare opportunity for redevelopment of multifamily or large single-family home on the Narrows in Indian Rocks Beach! Recent sales of new single-family homes just eight properties to the north of this location just in the $10 million range. This unique location is beach and Intracoastal front with panoramic water views on both sides for epic breathtaking experiences of sunrises and sunsets. This property has boat docks across the street on the Intracoastal with riparian ownership rights. This lot is 50 feet wide by 205 feet deep. The property has a four-unit condominium building on it. The structure is elevated on pilings and each condominium is a two-bedroom, two-bath 1,100-square-foot unit with a beach side balcony overlooking the gulf as well as Intracoastal-facing balconies. There are eight parking spaces under the building with a guest parking space in front of the building. The boat dock across Gulf Boulevard from the building has four boat slips. There is no condominium association or fees, and no rental restrictions. On a special note, the owners did not relinquish their easement property rights associated with the beach nourishment on the gulf side of the property. They have retained their property rights westward of the seawall. Don't miss this spectacular opportunity.