Development property approved for 12 units located directly next to the Casa Marina, soon to be a Waldorf-Astoria branded hotel. This property virtually takes up a city block in the Casa Marina district one block from the Atlantic Ocean. The owners of the resort are willing to partner with a developer on this property to offer an extended stay management program that should produce a substantial revenue flow on extended stay rentals longer than 28 days. The 12 approved units are ready for permits with the ROGO units in place. Owners would consider a sell off of individual lots if a minimum number of sales is reached. 728-730 Waddell St., not included in this sale, will be divided prior to closing, can be purchased separately for $1,500,000. $4,800,00 Claude Gardner, 305-766-3133. Search all Florida Keys & Key West Real Estate and make offers on-line at www.keysrealestate.com MLS# 109397.