388 FLAMINGO DRIVE Under contract-accepting backup offers. We are in a multiple offer situation. All offers or revisions must be in writing and submitted before 6:00pm 12-10-24.Take advantage of this exceptional opportunity! Venice Florida Home “on the Island” for land value only. This 2 bedroom, 2 bath home with a 40 ft long pool with sunny Southern exposure in Golden Beach, one of the most desirable neighborhoods in Venice. Membership in Golden Beach Association is optional. To take advantage of the private beach easement and enjoy other special membership benefits the annual fee is only $50. This home sits on a large lot of over 11, 000 sq. ft. and has an extra large one car garage (392 sq, ft.). The large screened lanai features a beautiful 40 ft. swimming pool and a huge deck area plus a sizable covered lanai. You will enjoy the quiet setting and the private beach access and just a very short distance to the Gulf of Mexico. Prior to storm damage this home could have listed for around $850, 000. The longtime homeowners had just recently installed in 2023: new metal roof ($43, 000) and new pool cage ($30, 000) which held up nicely during the storms. The current Wright National Flood Insurance policy is grandfathered and transferrable. Latest annual seasonal rental bookings were over $31, 000 net. Although this home is located in an AE flood Zone, there is a very valuable feature that comes with this particular home; It is not subject to the FEMA 50 percent Rule for renovating. Flood remediation has already been completed by the owners. Water damaged kitchen, baths, drywall and carpet have been removed which allows you to decide; tear down, or renovate and live in while planning a fabulous new home in one of best neighborhoods anywhere in Florida. Hurry, this special opportunity won't last long. A rare opportunity to get a home for just land value.