UPDATED:
12/20/2024 01:01 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 2,052 sqft
Price per Sqft $243
Subdivision Riviera Bay
MLS Listing ID TB8327916
Bedrooms 4
Full Baths 2
Construction Status No Contingency
HOA Fees $200/ann
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1979
Annual Tax Amount $3,663
Lot Size 10,454 Sqft
Acres 0.24
Property Description
In the heart of the prestigious Riviera Bay (built post firm and high/dry w/ no hurricane flooding), a remarkable investment opportunity emerges — a fire-damaged property poised to become a developer's dream. Priced strategically for a great ROI, this 0.24-acre lakefront lot represents more than just real estate; it's a blank canvas for transformation. Nestled in one of St. Petersburg's most coveted locations, the property boasts intact structural, exterior and interior walls, preserved windows and doors (sliders in tact, with entry doors not intact fully), an oversized two-car garage, and a pristine (once cleaned) in-ground pool,w/ pool cage while overlooking serene waterfront views and sunsets to die for. Priced at land value but you have a great structure to work with to create a new masterpiece.
The current condition presents a unique proposition for investors and developers with renovation expertise. The property's open ceiling provides an unprecedented opportunity to meticulously assess and redesign the roof structure, offering complete transparency for comprehensive structural reimagining and possibilities to add a 2nd story to improve total ROI (consult city of St. Pete for conforming to improvements). While requiring investment and vision, the property's potential is extraordinary. With over 2,000 square feet of living space and a location minutes from downtown St. Pete and to South Tampa, this property is not just a purchase, but a strategic investment in a gold- star neighborhood.
Schedule a showing today for full details on estimated renovation costs and more detailed analysis of what could be for your next flip.
Location
State FL
County Pinellas
Community Riviera Bay
Direction NE
Interior
Interior Features Split Bedroom
Heating None
Cooling None
Flooring Concrete
Fireplace false
Appliance None
Laundry Inside, Laundry Room
Exterior
Exterior Feature Irrigation System, Sliding Doors
Parking Features Oversized
Garage Spaces 2.0
Fence Vinyl
Pool In Ground
Utilities Available Electricity Connected, Sewer Connected
Waterfront Description Lake
View Y/N Yes
Water Access Yes
Water Access Desc Lake
View Water
Roof Type Shingle
Porch Covered, Enclosed, Front Porch, Rear Porch, Screened
Attached Garage true
Garage true
Private Pool Yes
Building
Lot Description City Limits, Landscaped
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Private
Architectural Style Florida
Structure Type Block,Stucco
New Construction false
Construction Status No Contingency
Schools
Elementary Schools Shore Acres Elementary-Pn
Middle Schools Meadowlawn Middle-Pn
High Schools Northeast High-Pn
Others
Pets Allowed Cats OK, Dogs OK, Yes
Senior Community No
Ownership Fee Simple
Monthly Total Fees $16
Acceptable Financing Cash
Membership Fee Required Optional
Listing Terms Cash
Special Listing Condition None
“I take great pride in the level of service, honestly and professionalism I provide to my clients. I'm ready to bring all of my skills front and center to help you sell your existing home, or find your dream home!”
--Jamie Lucena, MBA