This is the kind of property some wait on… then regret when it's gone. Solid block construction, stone and terrazzo floors, and a long water view the second you walk through the door. You're looking straight out over the Intracoastal from the main living area and the primary bedroom - and it's that classic Florida “I could do this every day” vibe. Here's what matters: the demolition has already been done. PVC plumbing inside. Drywall is removed to the studs, floors and ceilings are intact, and the house is wide open for your design and layout. No guessing, no hidden surprises behind finished walls - you're starting with a clean slate. There's a davit for a small boat and jet ski's. Perfect for someone who wants water out back, a simple setup, and the beach at the end of the street. New roof (October 2021) Upgraded 200-amp electrical panel Blown-in attic insulation And if you're thinking about the 50% rule, here's the info - City of Madeira Beach preliminary report shows NOT substantially damaged Pinellas County Appraiser shows repairs/improvements up to $98,805 allowed for rehab. This is one of those rare Madeira Beach opportunities where you're not paying for someone else's design choices - you're buying location, water, and a head start. Renovate it, elevate it, or rebuild it into something special. Waterfront. Walk to the beach. Long water view from inside the home. Big upside. If you've been waiting for a deal on the water in Madeira Beach… this is your shot.