6331 4th palm point

Under contract-accepting backup offers. Discover an unparalleled opportunity to build your dream home or invest in a prime location on St. Pete Beach's coveted 4th Palm Point. Priced well below FEMA's lot valuation of $2,468,494 (found on PCPAO) This expansive lot offers nearly 140 feet of breathtaking open water frontage, perfect for those seeking the ultimate waterfront lifestyle. The property features a composite dock equipped with a 10,000 lb lift, dock was revamped four years ago, providing seamless access to the sparkling waters of the Gulf. Whether you're a developer with a vision for luxury or an investor eyeing potential, this lot presents limitless possibilities. Currently, a 2,500 square foot single-story block home with a pool and spa resides on the property. However, it sustained damage during Hurricane Helene, and due to FEMA's 50 percent rules, it may or may not be suitable for rehabilitation. The seller makes no warranties regarding the home's condition, leaving it to the buyer to assess the feasibility of a rehab project. This prime point lot is located in a highly desirable area, offering a rare chance to create a custom masterpiece or explore redevelopment options. Don't miss out on this exceptional investment in one of Florida's most sought-after beach communities. Embrace the potential and seize the opportunity to make your mark on St. Pete Beach!