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A Rare Waterfront Estate in Iconic Driftwood — A Tropical Sanctuary on Big Bayou. Welcome to one of the most extraordinary residential offerings in St. Petersburg. Nestled on over half an acre (. 57 acres / 24, 790 sq ft) in the coveted Driftwood neighborhood, this stately two-story, 4-bedroom, 3. 5-bath home offers nearly 4, 000 square feet of living space and 115 feet of direct water frontage on Big Bayou on the open waters of Tampa Bay and just minutes to downtown St Pete and the Gulf beaches of Pinellas County. Set at the end of a quiet cul-de-sac, this property is enveloped in lush tropical vegetation, offering unmatched privacy and a sense of serenity that feels worlds away—yet it’s just less than 2 miles from downtown St. Pete. As part of the exclusive Driftwood enclave—home to only 44 residences. The lot is flat and expansive, with a concrete seawall, private dock, and boat lift—all with no bridge restrictions, making this a boater’s paradise. The view is spectacular, with wide-open water vistas and a peaceful natural backdrop that feels more like a private nature preserve than a suburban setting. Inside, the home boasts great bones, classic colonial architecture, and flexible design potential. The floor plan is open and airy, designed to maximize the water views, with large windows, high ceilings, and generous room sizes. With recent updates including refinished hardwood floors, new upstairs flooring, fresh interior paint, landscaping with irrigation, and a new pool pump, the home is move-in ready while still offering opportunities for further personalization. Additional highlights include: 2025 Roof. Two wood-burning fireplaces. Whole-house water filtration system. HVAC systems (2021 and 2025). Covered balconies. Circular driveway. 8. 87 ft elevation. A salt water pool and expansive backyard. Best of all, this home remained unscathed through recent hurricanes, a true testament to its solid block construction and ideal siting (8. 87 elevation. ) Driftwood is one of St. Petersburg’s most treasured and storied neighborhoods—a hidden gem beloved by artists, scholars, and nature lovers alike. With its storybook streets, towering oaks, and old Florida charm, it truly feels like the setting of a classic film—a magical, movie-set lifestyle right here in Pinellas County. Whether your style leans modern, transitional, or traditional Boca Grande coastal, this property is a rare canvas to create your waterfront dream home. Come experience the unmatched beauty and soul of Driftwood. This is more than a home—it’s a lifestyle, a sanctuary, and an opportunity that rarely comes along.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,395,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,916,000 | $1,916,000 | $1,916,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $2,372 | $2,372 | $2,372 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,030 | $11,487 | $15,911 |
| Total Monthly Payment | $13,527 | $13,984 | $18,408 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.