19.73 Acres in Tierra Verde, FL - $12,400,000

The opportunity is to acquire one of the last remaining undeveloped waterfront sites in all of Pinellas County. The property was planned for a 130 condominiums in four buildings and seven single family lots on Tierra Verde. Partial site work is believed to be in place to serve the 4 condominium towers, including the main spine road, upland retaining sea wall around the island (1-2 feet higher than existing seawalls in Tierra Verde), brick paved entry roadway, gated entryway, private beach and landscaping. The property has been elevated 17 feet above sea level as compared to existing homes on Tierra Verde only being 8-11 feet above sea level. Alternatively, a site plan showing 54 single family lots and 30 condos has been laid out, however this may require a modification to the zoning.

The parcel is located along the west side of the Pinellas Bayway on Collany Road, Behind Billy' s Stone ...