5913 Sea Ranch Dr Hudson, FL 34667

Property Details for 5913 Sea Ranch Dr

Property type

Waterfront Land

Property subtype

Commercial land

Description

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 buildings built in the mid 1980's. The original site plan included a 4th building (Phase IV) to be built on the 8.64-acre land which is now available for sale. This property is currently approved for 88 units with the possibility adding an additional 20 units for a total of 108 units. A Public Hearing Is Not Required for the 88 units. There are No Height Restrictions. This property also has the possibility of being zoned Hotel. Per the Pasco Land Development Code, MF-1 Zoning District Standards, Subsection 518.4.K allows for Hotels, Motels, Condos, bed and breakfasts, and tourist homes by Special Exception. A special exception request requires one public hearing in front of the Planning Commission. The Planning Commission is the final decision-making body for Special Exceptions. See copy of the MF-1 Zoning District Standards. Existing condo complex consists of (3) 108-unit buildings, which are made up of 1- and 2-bedroom units. Most of the units face North and do not have full uninhibited views of the Gulf, whereas the Phase IV building would be facing directly west with full uninhibited views of the Gulf and its incredible Sunsets! The Phase IV project has the option of joining one of the 2 existing associations or creating its own Condominium Association. The new association would share with the cost of maintaining the joint use/common areas in the complex including the 24 hr security gate. The Lagoon portion of the property is an ideal location for a Marina or above water Tiki Huts/Bungalows. There is a possibility to obtain an additional 900 feet of seawall space on the southside of the complex and add 60-70 boat slips on one of the areas widest canals. A short pedestrian Bridge may be built to connect the long narrow strip of land on the North side of the property, where Tiki Huts and Beach can be installed. A perfect location for Sunsets, Yoga, Weddings. Currently, Gulf Front building lots of less than 1/4 acre sell around 500k and up. This property is unique because of its size and that a large structure such as a condo or hotel can be built on it... A private gated community of luxury townhomes or single-family homes would also work on account of the location of this property and the amenities which would be available. Approximately 26 new gulf front luxury homes could be built at $300-$350 per sq ft and sell between $1000-$1200 per sq ft...BTR townhomes could also work with higher rents because of location... The New Speros Moffitt Cancer Center, which recently broke ground and will employ over 14,000 and become the world's largest cancer center. The Center is located just 20 minutes from the Phase IV property...HCA Florida Bayonet Point Hospital is 1.5 miles away. Both would be great candidates for potential Buyers for Condo Units, Townhomes, Luxury Homes or Hotel stays.

Location Insight

City

Hudson

County

Pasco

State

Florida

Longitude

-82.7175176

Latitude

28.3587712