Now availableSouth Tampa's best kept waterfront secret! Secure this rare opportunity to own an undiscovered paradise offering direct deep water access on one of the few dredged canals west of the city. Situated on aprrox. 60x132 foot homesite, this property offers exceptional potentialwhether building a custom waterfront estate or redeveloping the existing block home and detached 400 sq. ft. living space. A survey is available to assist with planning and design. With a private dock footprint already in place and a new seawall contracted for construction, the property sets the stage for seamless boating access directly into Tampa Bay and Florida's Gulf Coast, offering endless opportunities for fishing, boating, and coastal exploration. The investment potential here is significant, with several nearby homesincluding the one next doorplanned for teardown and new construction. Directly across the canal, you'll find the exclusive new waterfront development, The Isles at Old Tampa Bay, currently offering waterfront estate lots starting at $2.6 million. Its prime location near the Gandy Bridge and Lee Roy Selmon Expressway ensures swift access to downtown Tampa, St. Pete, and Florida's Gulf Beaches. Prior to recent hurricanes, the existing all block home underwent significant renovations in 2024, including a new roof, PGT hurricane impact windows, a tankless water heater, new HVAC system, and updated kitchen and bathroom cabinetry featuring quartz countertops and modern fixtures. Please note that the property experienced water intrusion during recent hurricanes, resulting in some damage that may require repairs if the intention is to occupy rather than rebuild. Given the extensive updates already completed, you have the flexibility to repair and move in, or use the property's outstanding location and deep water access as a foundation for a brand new custom waterfront estate. Where deep water, redevelopment potential, and affordability intersect, opportunities like this are increasingly rare in South Tampa. Property sold as is. Buyers are responsible for verifying all information, including sq.ft. measurements, zoning, buildability, future land use, environment factors, and other material facts related to the property and land.