12412 LAGOON LANE Under contract-accepting backup offers. Unlock the potential of this waterfront triplex, perfectly situated on Boca Ciega Bay just steps from Gulf Boulevard on the iconic Treasure Island. Whether you’re looking for a lucrative investment or the chance to create your own slice of paradise, this property offers endless possibilities. The existing structure can be rehabbed to maintain its multi-unit income potential, or you may choose to start fresh and build the single-family dream home you’ve always envisioned. With its unbeatable location, you’ll enjoy direct waterfront living and easy access to the sandy beaches, vibrant dining, and entertainment options Treasure Island is known for. The lot is just steps away from Gulf Blvd and just across the water from Isle of Capri. Utilize John’s Pass to get out into the gulf which is just around the bend from this property! With 50 ft of water frontage, you can construct your own boat lift or dock and be fully prepared for all of your water-based adventures! So many options are available to you, you just have to see it for yourself! Schedule your private showing today to start building toward your future!