This is the perfect opportunity in so many ways, renovate the existing house and live in an incredible beachside central location, possibly build a new duplex or beachside houses/townhouses and reap the financial rewards, buy hold the investment collect the rent and watch the investment grow. These types of opportunities are rare, this must be sold property, is your chance to get into a tightly held location, this property is going to auction and unequivocally must be sold.