Outstanding opportunity on highly desirable Shore Drive in St. Augustine South with beautiful Intracoastal Waterway views! Situated directly across from Lewis Point Park, this property offers an exceptional location surrounded by waterfront homes, walking paths, mature oak trees, and some of the area's most scenic views. Completely gutted and ready for renovation, this 3 bedroom, 3 bath home is the perfect blank canvas for an investor, builder, or buyer looking to create a custom waterfront-view retreat. Solid brick construction with a durable metal roof, this home also features a spacious screened front porch, screened rear porch, classic terrazzo floors ready to be restored to their original beauty, and a fully fenced backyard. Located in Flood Zone X for added peace of mind, with no HOA and no minimum rental restrictions, offering flexibility for a primary residence, second home, or short-term rental where permitted by local regulations. St. Augustine South is one of the area's most sought-after waterfront communities, featuring two public boat ramps with direct Intracoastal access, a community dock, waterfront park, playgrounds, fishing areas, scenic walking and jogging trails, and convenient access to shopping, restaurants, historic downtown St. Augustine, and the beaches. Rare opportunity: The adjoining rear parcel at 118 Unicorn Road is also available for purchase and may be purchased together or separately, creating additional possibilities for expansion, privacy, or future development.