The property at the centre of an administrative battle between Dundee City Council and its owner could become a new hotel.
Plans have been lodged to turn the fire-damaged 28 Roseangle into a 21-bedroom hotel.
Developers are also hoping to add a two-storey rear extension to the C-listed building, which is owned by John Cape from Tayport.
Mr Cape was served with a repairs notice by the council in November, saying he had two months to restore the property or it would be seized.
At the time, his architect, Peter Inglis, argued that a potential buyer had been found for the property and asked for the repairs notice to be deferred until a planning application could be put through.
He said: “We are looking at various options and looking at feasible options.
“I have found a buyer for this site and we have worked with this company before.
“They have followed through with listed buildings. We all want this building restored.”
The Scottish Government has the power to authorise a local authority to acquire a listed building and any related land in cases where reasonable steps to preserve the property appear not to have been taken.
As a category C listed building, 28 Roseangle is considered to be of importance due to its cast-iron railings, rear garden wall and age.
Historic Scotland included the property on its list of protected buildings on June 30 1989 and described it as being circa 1830s, two-storey with basement, three-bay sandstone villa, ashlar fronted, rubble-built sides and rear.