Seller owns a 1/4 interest in a Gulf front lot that has 100 feet of Gulf frontage and is approx. 115 feet deep. There used to four units there with 2 up and 2 down. Engineered plans have been done to replace them with 4 Gulf front townhouses on stilts with parking on the street side and are available to interested buyers upon request. The portion of the lot where the structures will be is in the X flood zone, but the front portion of the land is in the AE12 zone. An agreement has been drawn up by an attorney that has not yet been signed and nothing has been recorded as of yet. There is an additional adjacent 1/4 interest available for sale as well. Much of the leg work and expense has already gone into the plans and owners are really close to being able to start construction. This owner has the 4th townhouse in from 28th St.
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