$7,295,000

A rare and exceptional opportunity to purchase over half an acre, on coveted Shore Lane. This property is less than a mile from Boca Grande's historic downtown and it offers deeded access to the Gulf of Mexico. This area of the beach is idyllic, breathtakingly beautiful, and never crowded. The existing home incurred damage from hurricane Ian. It is being sold AS IS. Prior to the storm, the home generated over $700,000 in annual rental revenue and it consistently received 5-star reviews. The interior has been taken down to the studs, providing its' new owner with the ability to either restore the home to its former beauty or replace it with a home of their dreams. The existing home has magnificent European architecture with 4 bedrooms, 2 ½ baths, an elevator, a fireplace and 3,396 SqFt of living space. The outdoor space is astounding, with approximately 2,800 SqFt of additional entertaining areas amongst the outdoor decks and gracious screened in patio. The property is comprised of two lots, over half an acre, improved with lush tropical landscaping and an oversized heated pool. This property grants enormous opportunity to rebuild the existing home, add a guest house or to build your dream home. The seller will consider partnering with someone on the endeavor. This amount of space in this desirable area is a rare find!