Opportunity in the heart of Madeira. This property sits on a desirable 75 ft 150 ft lot in an area experiencing significant new construction and redevelopment with a possibility of a walk out basement, making the true value in the land and location. The existing home offers potential for renovation, featuring a kitchen with wood cabinetry, a rear deck just off the kitchen, and a finished lower level with a full bath. Whether you choose to update the current structure or pursue a new construction homesite, the parcel provides excellent depth and flexibility. The property may also present a $2,000/month lease or lease-purchase opportunity, offering flexibility for buyers exploring different paths to ownership. Surrounded by newer homes and ongoing development, this is a rare chance to secure a prime lot in one of Madeira's most desirable areas and build your dream home.