As the market turns the page and confidence builds around interest rates and buyer activity, true waterfront opportunities like this are becoming harder to come by. Situated on a .23 acre corner lot with saltwater canal frontage leading directly to Miguel Bay, this 3BR/2BA, 1,456 sq ft home presents a compelling chance to secure island waterfront at an increasingly attractive price point. The home experienced storm damage in 2024, opening the door for a buyer/developer with visionwhether that means restoring the existing structure or starting fresh with a custom waterfront retreat. The canal is ideal for shallow draft boats, kayaks, and paddleboards, with easy access out to Miguel Bay and onward to Tampa Bay. Life on Terra Ceia Island moves at its own relaxed rhythm. This quiet, historic, golf cart friendly community offers an authentic Old Florida feel while remaining conveniently connected to St. Petersburg, Tampa, and Sarasota via the Sunshine Skyway. Daily life here includes frequent visits from manatees, dolphins, herons, and egrets, creating a setting that feels peaceful, natural, and refreshingly unspoiled. Residents may also choose to join the Terra Ceia Village Improvement Association, which provides access to Sea Breeze Parka 5 acre waterfront amenity featuring a boat ramp, fishing pier, picnic areas, restrooms, and a covered BBQ pavilion. Cherished local traditions like the Mullet Smoke Off, Kayak Regatta, Art Show, and Holiday Hayride further define the close knit island lifestyle. With direct water access, a generous corner lot, and a newly adjusted price, this property represents a timely opportunity to step into waterfront ownership before properties like this become unattainable. Bring your contractor, your ideas, and your imaginationthis is a rare chance to create something truly special in a setting that continues to grow more scarce.