Leisure Investment Properties Group is proud to present the opportunity to acquire 5913 SeaRanch Drive, a gulf front 8.64-acre vacant land with over 1300 ft of Gulf Frontage and 1775 ft total Waterfront, located directly on the Gulf of Mexico in Hudson Beach, Florida. This property is located at Gulf Island Beach & Tennis Club, a gated condominium complex consisting of (3) 108 units of buildings built in the mid-1980s. The original site plan included a 4th building (Phase IV) to be built on the 8.64-acre land now available for sale.
This property is currently approved for 88 units with the possibility of adding 20 units for 108 units. A Public Hearing is not required for the 88 units. There are no height restrictions (reference the Zoning and Conformance Letter in the Offering Memorandum). This property can be rezoned Hotel. If rezoned Hotel, there would be no restrictions on the number of units other than the setback restrictions. Also included in the OM, are the Pasco County, FL Land Development Code, and MF-1 Zoning District Standards. Subsection 518.4.K allows for Hotels, Motels, Condos, bed and breakfasts, and tourist homes by Special Exception.
This property also can accommodate approximately 40-45 townhomes or 20 single-family homes.