804 Delaware Avenue $475,000

Multiple Offers Received. Highest & Best Due By Friday 9/2 at 2:00pm Here is a unique opportunity to purchase an oversized corner property with a home, guest quarters, & potential for future development. The lot is approx 130' wide frontage on Delaware Ave facing the Bay & 129' depth on Pinetree Dr. According to tax records this 16,770 square foot lot may be suitable for a subdivision or possibly a duplex. It was used as a year-round single family home with a rentable detached cottage, the prior owner claimed it was renting for $1200/week in summer. Also just enjoy having an oversized yard across from the bay...great place to add a pool! This property offers an array of options for the next owner. With the potential to possibly split this lot in two you could update the current home adding a second floor to obtain amazing bay views from the corner lot and possibly build a brand new single family that could also offer bay views. You may lose the ability to have the rental unit out back & need to take down the screen porch with the subdivision but I think it will be worth it to create a spectacular new home across from the bay. Perhaps an attached duplex or two brand new single family homes would be best for you to build & sell. The home itself has vinyl siding a newer roof (approx. 5-6 years according to prior owner),natural gas heat, central air, & electric baseboard heat for backup. The spacious living room & large eat-in kitchen create lots of potentials to do some updating &the large footprint of the home may be ideal to add a second floor. Of course, you will want to do your due diligence to confirm the structure & potential subdivision. Live in one while you build another or make this a development project. Being sold in as-is condition with buyer responsible for any varianes/approvals they may desire to seek after closing. Photos with property lines overlaid are just to share an idea of the potential, these are not to be used as a survey or an approval of subdivision. All buyers must perform own due diligence if considering rentals and/or subdivision.

This listing is provided courtesy by RE/MAX SURFSIDE