Price Reduced!! Plans for an elevated beach house attached. This home is in the RM-1 zoning district, so a duplex is allowed. Projected short term income rates attached. For informational purposes only yet you can see the amount of money this property can generate. Endless opportunity awaits at 508 2nd Street—an exceptional land value offering just steps from the powdery sands and turquoise waters of Indian Rocks Beach. Nestled on a quiet, dead-end street, this prime coastal lot presents the perfect canvas for your dream beach retreat or a lucrative investment project. The existing structure was impacted by flooding and does not comply with FEMA’s 50/50 rule, making it a teardown. This is your chance to start fresh and build new in a highly desirable location where walkability to the beach, shops, and dining is second to none. Whether you’re envisioning a luxury coastal escape, a vacation rental, or a modern beach bungalow, the location and potential here are unmatched. Indian Rocks Beach is one of the last true beach towns on Florida’s Gulf Coast—laid-back, community-oriented, and brimming with charm. Property is being sold for land value only. Bring your architect, builder, and imagination. This is a rare opportunity to own a slice of paradise with the freedom to create something spectacular. *Located on a dead-end street. *Steps to the beach *Tear-down required – FEMA 50/50 rule applies *Land value sale in one of the Gulf’s most beloved beach communities. *Plans are attached for an "Elevated Wood Frame Beach House & Survey". Please ask your agent or myself to send a copy. Before the storms this was a performing short term rental. Opportunities like this don’t come along often—seize your chance to build the beach life you’ve always wanted.