606 S MAYO ST Crystal Beach, FL 34681

Your Palm Harbor Waterfront Paradise Awaits for One of the best waterfront homes in Florida is now available to move in today, or to develop with major profit potential as a multi-unit property.
Live the Florida waterfront lifestyle for under $1m in the iconic, charming beachfront community of Crystal Beach, with the added perk of major potential upside for a savvy owner/investor. Start your day paddle-boarding or kayaking the tranquil waters of St. Joseph’s Sound. Work from home while dolphins, manatees, and sea turtles play among the seagrass and mangroves in your backyard. End your days on your private deck sipping a glass of wine or margarita, as you own your own sunset view via one of the only treeless inlets on the beach. This is the ultimate outdoorsperson's property with access to the rich sport fishery of St. Joseph's Sound and Honeymoon Island, ample space for boat and recreational vehicle storage, and an adjacent launch spot for kayaks and smaller craft. There are also full-service boat ramps and marinas within a 5 minute drive.

The possibilities for this property are endless. Live in the existing, totally remodeled, mid-century 2br/2ba cottage with bamboo floors, stainless appliances, and a sunset-view dining room. Or, remove the existing structure off the bat and build your dream home facing the water while you turn the front, street-facing lot into an income producing property. You'll use the legal easement on the north side of the property as your driveway. This is the only available waterfront double lot in Crystal Beach, Palm Harbor, or Ozona that allows this possibility. Seller will provide existing architectural plans for a Key West-style home at the rear (waterfront) of the property. There is tremendous potential upside to this property for a motivated and energetic investor with a passion for waterfront property in Florida. With two modern homes on the double lot, the property's value will rise into the millions immediately. You can even apply to break the street front (or waterfront) lot off and sell pre or post construction. There are many waterfront homes for sale in Florida, but very few with the potential to generate income *and* live in your dream home at the same time.

The sprawling property also allows for myriad landscaping possibilities: you can go classic Cape style with rolling lawns or build your own Key West style jungle, complete with lap pool, tropical foliage, and koi ponds. With the combination of your vision and this property, you'll be the owner of one of the best waterfront homes in Florida.