Under contract-accepting backup offers. Back on the market - previous contract fell through due to buyer financing - no fault of seller. Recently reduced for a quick sale! Seller is ready to make a deal! Exceptional opportunity to own a large one-third acre property in Clearwater with R-4 multifamily zoning, offering outstanding flexibility for development and long-term investment. No CDD or HOA! This oversized lot provides the space and zoning to build a custom dream home, develop a duplex, triplex, or multifamily property, or create a multigenerational compound with multiple income streams. Large, usable lots like this are increasingly rare in this area. A major value-add is the existing electrical and water hookups already in place at the rear of the property, helping reduce future development costs and timelines. The property also includes a shed/workshop, ideal for storage, staging, or on-site project use. Located just minutes from St. Pete-Clearwater International Airport, this property is ideal for commuters, traveling professionals, and rental demand. Its proximity to major highways, shopping, dining, and beaches further enhances its appeal. While the land may be the primary focal point, the existing home offers immediate usability and income potential. It features an upgraded kitchen and bathroom, a roof replaced in 2018, and new AC systems installed in 2024 with mini-splits in each room for efficient, customizable comfort. With ample room for expansion, parking, outdoor living, and future construction, this property offers true development freedom in a high-demand location!