A rare investment opportunity awaits at 1204 E Parsley Dr in Media Beach. This MULTI FAMILY LOT currently features a duplex that has been impacted by flooding. Due to the FEMA 50 rule, the existing duplex cannot be rebuilt in its current form and must be demolished. One of the standout features of this lot is its location across from an empty parking lot, ensuring unobstructed views of the beautiful intercoastal waterway. With no development planned for the adjacent lot, you can enjoy these stunning views without the worry of future construction. With ample potential for redevelopment, this lot is an ideal canvas for those looking to build a new multi-family home in an excellent location. Madeira Beach is renowned for its crystal-clear waters, charming coastal vibe, water sports, vibrant nightlife, waterfront parks, John's Pass shopping and dining area along with year-round sunshine.