Rare Opportunity in the Heart of Old Englewood! Located just moments from Dearborn Street, this 5-bedroom, 2-bathroom hurricane-distressed home offers an exceptional opportunity for restoration or new construction. With an adjacent parcel included, the property spans nearly an acre of land--a rare find in this sought-after area! The concrete block lower level has been gutted, providing a blank canvas for renovation, while the upper level remains intact, featuring 2 bedrooms and 2 bathrooms that did not sustain water intrusion. With a 2-car garage and ample space, the possibilities are endless! Whether you choose to restore the existing home or build an elevated dream home, you'll enjoy breathtaking views of the canal and Lemon Bay, making it the perfect setting for sunset watching. This prime location is unmatched, just minutes from vibrant shops, restaurants, and stunning Gulf beaches. Don't miss this rare chance to create your ideal private retreat or investment property in one of Englewood's most desirable neighborhoods!