Rare Lake Magdalene Waterfront Opportunity | Estate, Townhomes, or Your Own Private Community This expansive, ready-to-develop offering on coveted Lake Magdalene spans roughly 2.5 acres across two parcels-delivering flexibility and prime lakefront living. On the north side of West Bearss Avenue, the 1.75-acre parcel sits high and dry in Flood Zone X. Cleared and build-ready, the former home and septic have been removed with permits, and a well remains in place. The southern parcel offers approximately 135 feet of direct Lake Magdalene shoreline, complete with a concrete dock and boat ramp. RSC-4 zoning allows up to four single-family homes, but the highest and best vision expands that horizon: imagine two rows of three townhomes-six in total-creating a private community. Envision a shared outdoor area with a gazebo, outdoor kitchen, and ample living space. Should you choose, fill in part of the land and add a seawall-maximizing usable space and crafting a lakeside haven. This 250-acre freshwater lake offers boating, fishing, and breathtaking sunrises and sunsets. With proximity to Tampa International Airport, downtown, top-rated schools, and the Gulf, this rare property combines serenity and convenience-Whether you envision a luxury waterfront estate, a private multi-home compound, or six thoughtfully designed townhomes with communal outdoor spaces-any such vision will require the buyer or builder to complete their due diligence. .The property is ready, sellers are motivated, and with long ownership, they are seeking closure-this is a rare chance for a quick, clean offer to secure this unique property now.