This is an exceptionally rare and exciting offering in Historic Kenwood, one of Tampa Bay's most desirable and rapidly appreciating neighborhoods, presenting an immediate, high-value opportunity for serious developers and investors. The property is currently zoned to allow for the construction of up to four (4) lucrative residential units, perfectly positioned to maximize returns in this booming urban core. For a fast-tracked project, the seller has already invested in preliminary plans and architectural renderings for four beautiful, modern townhomes, providing a clear vision and significant head start on permitting and construction. These proposed townhomes are meticulously designed for modern living, offering an impressive 3-bedroom, 2-full-bath, and 2-half-bath layout across three stories. The practical ground floor features a desirable two-car garage, a flexible office space, and a convenient half bath. The second floor is dedicated to open concept living, housing the bright living room, gourmet kitchen, and another half bath perfect for entertaining. The private third floor is reserved for the sleeping quarters, including the luxurious primary suite, two additional bedrooms, and a full shared bathroom. Alternatively, for the buyer seeking a personal sanctuary, the substantial lot size allows you to retain and renovate the existing home, creating a spectacular property with a massive backyard that provides the canvas to design and add your dream outdoor features, such as a custom pool, a gourmet outdoor kitchen, and expansive entertainment areas, ultimately transforming it into a private Florida paradise while enjoying the historic charm and strong community of this highly sought-after location.