Rare investment opportunity in highly coveted Florida neighborhood! Turnkey vacation rental on nearly one acre property, with 140 ft of waterfront along beautiful Bear Creek leading out to Boca Ciega Bay. What makes this property an investors dream is that it is legally zoned for short term rentals. As more cities are cracking down on illegal short-term vacation rentals, this is a true gem and huge cash flow generating over $60,000 per year! A charming 2 bed / 2 bath concrete block home with spectacular views of the water. Enjoy cooking in your sparkling new kitchen and imagine dining with the double French doors fully opened, watching dolphins and manatees play in the canal. The primary bathroom is nicely updated and both bathrooms have tiles reglazed. Brand new Plumbing, newer Roof & AC, and the main Electric Panel was replaced with proper permits. Step into the big, private backyard with a huge saltwater pool! It is deep enough to dive and a diving board may be added. It has a wonderful sun shelf for putting your lounge chairs as well as a pool heater to keep the water warm in the cooler months. Also, there is outdoor speakers and lighting, making this is the ultimate party pool! The home features solar panels, which help the Homeowner to reduce their energy bills by up to 62%. Just about 1/4 mile to where Bear Creek opens up to Boca Ciega Bay. Take a boat or paddle kayak out on the canal to check out the nearby islands, such as enchanting Jack Island. The location really says it all. This is the Florida life! In the future, you can build a new dock with room for two boats, opening up additional revenue stream of $500-$1000/month. Additionally, the property is zoned for a 750 ft² Accessory Dwelling Unit that can be built in the spacious backyard! This ADU can be an additional cash flow opportunity that could bring in $2000 or more per month potentially! This home is close to St. Pete Beach, Gulfport Beach, Treasure Island and more. A short distance (less than 0.2 miles) from grocery stores, restaurants, nails salons, pharmacies, doctor offices and a hospital. This is a goldmine opportunity with a multitude of immediate and potential cash flow streams, so reach out to schedule a private showing today! ***click the links to view the Zillow 3D Home Tour & the Airbnb listing website***