100’ Gulf Frontage | Shovel-Ready for Estate or 9-10 Condos
100’ Wide Indian Shores Site – Shovel-Ready for 9-10 "By-Right" Luxury Units
Marketing description
SHOVEL-READY & BY-RIGHT. This premier Gulf-front parcel with ±0.72 total acres (MOL) and ±0.54 acres buildable (MOL) features 100’ of direct beach frontage and a buildable depth of ±234' (MOL). Recently cleared, this site is a clean canvas for a world-class estate, family compound, or boutique 9-10 unit luxury condo project. Situated in the RFM zoning district of Indian Shores, this site provides a "By-Right" development path with no rezoning required and no FAR cap for residential. This allows for ultra-high-end, large-format residences such as nearby Onella, a 10-unit condo project currently selling in the $1,200/SF range.
Investment highlights
• 100’ Direct Gulf Frontage: Rare wide-footprint lot on pristine white sand beach.
• "By-Right" Development Path: Zoned RFM (Resort Facilities Medium) for up to 10 units; no rezoning or special exceptions required.
• Uncapped Square Footage: Per Code Sec. 110-147(b), FAR limit applies only to nonresidential, allowing for large-format luxury floor plans as at Onella.
• Density Yield: ±0.54 AC buildable area supports 9–10 high-margin units.
• Max Height: 5 stories / 50 ft above parking level.
• Flood Zone AE (BFE 10 ft): Buildable area is situated in Zone AE, providing significant construction and insurance cost savings over VE zones.
• Shovel-Ready / De-Risked: Fully cleared site, with demolition complete.
• Superior Lot Depth: ±311’ total depth (±234' landward of CCCL) provides flexibility for luxury layout, amenities and parking vs. standard beach lots.
• Proven High-Margin Market: Mirroring the success of nearby Onella, a similar sized project finished in 2018 with units currently trading in the $1,200/SF range.
• Unobstructed Cinematic Views: 100’ width ensures expansive, private Gulf-front balconies and 180° sunset vistas.
• Strategic Location: Rare beachfront redevelopment opportunity within 35 minutes of Tampa International Airport and Downtown St. Pete.
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