Under contract-accepting backup offers. Penthouse opportunity at 5950 Pelican Bay Plaza South, Unit PH2C! This spacious 1,476 sq ft split-bedroom floor plan offers two ensuite bedrooms and breathtaking panoramic views of Boca Ciega Bay and the Gulf of Mexico. This 100% investor-friendly residence allows for annual rentals only, presenting excellent long-term income potential. The building has successfully passed its milestone inspection and maintains reserves in compliance with the SIRS report, offering added confidence for buyers. Originally developed by U.S. Steel, the property has been meticulously maintained over the years. Enjoy resort-style living with premium amenities including 24-hour guard service, secured garage parking (single space), spa, hot tub, sauna, and access to pickleball courts. Residents also have the opportunity to join the Pasadena Yacht & Country Club for an elevated lifestyle experience. Additional highlights include the ability to add approximately 20 sq ft of interior storage space, enhancing functionality within the unit. A rare penthouse offering with unmatched views, strong investment flexibility, and access to sought-after amenities-ideal for full-time living or income-producing potential.