Under contract-accepting backup offers. **Waterfront Gem with Transferable FEMA Flood Insurance in Cape Cay** This beautifully renovated coastal retreat, nestled in the heart of the Florida West Coast Gulf Community of Cape Cay, offers a rare opportunity for worry-free waterfront living. With a **FEMA Flood Insurance Policy effective through October 30, 2026, transferable to the new owner as prepaid**, this home is both a haven and a smart investment. Whether you’re looking for a serene personal getaway or a property that can generate a solid income similar to Airbnb, this versatile home offers endless possibilities. Step inside to discover a thoughtfully redesigned interior, where charming coastal decor meets modern luxury. The main bathroom showcases exquisite craftsmanship with floor-to-ceiling oversized slate gray tiles, wle new cabinetry and unique whitewashed wooden accent walls and doors add character and warmth throughout the home. Enjoy the convenience of top-of-the-line appliances and new windows that flood the convertible den/second bedroom with natural light. This home features two newly redone bathrooms, each equipped with full showers. The master bedroom offers versatility, easily transforming into a mother-in-law suite with its kitchenette, separate entrance, and private patio—perfect for extended family, guests, or short-term rentals. A newer roof, installed in 2023, ensures peace of mind for years to come. The outbuilding on the property houses a washer/dryer, built-in cabinets, and whitewashed walls. It also offers the potential to add a commode, transforming this space into an additional living area. New windows in the rear of the outbuilding frame breathtaking waterfront views, making it a tranquil retreat. The well-manicured grounds feature a fire pit and a fish cleaning table with running water for easy cleanup after a day on the water. A newly installed 16-foot floating dock, complete with power and a shower, is perfect for boating enthusiasts. A community boat ramp, located just across the street, is available for a small usage fee. For those with an RV or trailer, the property includes a 174 sq ft concrete pad with a 30-amp electric hookup and dump access to the on-site sewer. Outdoor enthusiasts will appreciate the proximity to **Sun West Beach**, just minutes to the north, and the convenience of Hudson Beach and waterfront dining, accessible by golf cart within the community. **Tampa International Airport** is a mere 40 minutes away, and you're within an hour's drive of the pristine beaches of Clearwater to the south or the natural springs around Crystal River to the north. This prime location also boasts excellent hospitals and medical services, ensuring all your necessities are close at hand. With direct access to the Gulf of Mexico and no bridges to navigate, you can fish, crab, or simply marvel at visiting dolphins and manatees right from your dock. This coastal gem is a breeze to maintain, offering the best of Florida's Gulf Coast lifestyle