Premier Waterfront Development Opportunity - Madeira Beach. Situated on highly sought-after W Parsley Drive in Madeira Beach, this exceptional waterfront homesite offers a rare opportunity to design and build a custom luxury residence in one of the area's most desirable boating communities. The existing structure holds no contributory value and is being sold as a tear-down-creating a true blank canvas for your vision. Set along a deep-water, no-bridge canal, the property includes a private dock and provides direct, unobstructed access to the Intracoastal Waterway and the Gulf of Mexico-ideal for avid boaters and those seeking the ultimate coastal lifestyle. This location perfectly balances privacy and convenience. Just a short walk or bike ride brings you to the sugar-sand beaches of Madeira Beach, while nearby John's Pass Village & Boardwalk offers vibrant waterfront dining, boutique shopping, and entertainment. Spend your days on the water, enjoying sunset cruises, fishing, or island hopping right from your backyard. Positioned within easy reach of Tampa International Airport and downtown St. Petersburg, this property offers both accessibility and long-term value in a high-demand coastal market. With strong surrounding development and continued growth in the area, this is an outstanding opportunity for builders, investors, or end-users to create a one-of-a-kind waterfront estate. Build your vision. Capture the lifestyle. Secure your place on the water.