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Under contract-accepting backup offers. On one of Tierra Verde’s finest waterways, where two wide channels meet, 503 Laguna Drive commands panoramic water views across a broad, sheltered basin from a high elevation that kept the home and garage untouched by flooding through the storms of 2024. The dock was rebuilt in 2025 on deep, protected water and carries a boat lift that has hosted a 30-foot cruiser, plus twin davits, open decking, and a lighted landing with quick access to the Intracoastal and the Gulf.
Inside, a soaring great room anchors the home with two-story ceilings, four massive timber beams, a whitewashed stone double-sided fireplace, and walls of glass that slide open to the pool deck. The kitchen offers granite counters, double wall ovens, an island cooktop, freshly repainted cabinetry, a generous walk-in pantry, and French doors to a private terracotta screened-in courtyard made for grilling, while the formal dining room sits in a turret of arched windows just off the foyer.
The first-floor primary suite lives step-free from bedroom to pool deck, a combination rarely found in an elevated home and includes a fitted walk-in dressing room with a brand-new skylight, pass-through access to the laundry, and a dual-vanity bath with vessel sinks, a jetted garden tub, and a separate shower. Upstairs, a loft office overlooks the great room, and two vaulted bedrooms share a hall bath, one opening to a covered deck where the view stretches across the basin and down both channels.
Enormous outdoor living area within a two-story screened enclosure with 122 newly replaced screens: a large heated pool, roughly eight feet deep and fully resurfaced with new tile, marble, and granite, a raised piano shaped spa with waterfall, a covered lanai with bar, sink, and beverage refrigerator, swing seating at the water’s edge, and a rebuilt spiral stair to the upper deck, where all wood and railings were replaced within the past year.
Recent updates continue throughout: roof (May 2025), water heater 2025, A/C systems (2023 and 2021), pool pump (2026), new flooring, new garage doors, freshly epoxied driveway, smart lighting, and keypad entry. Concrete block construction anchors the lower structure and garage beneath oversized framing above.
Tierra Verde offers a rare combination of privacy, boating access, and proximity to everything that makes the Florida lifestyle so compelling. For boaters, few places compare: immediate access to the Intracoastal and open Gulf waters, deep protected canals, and a relaxed island character where daily life revolves naturally around the water. And the island sits slightly removed from the rush of the mainland, yet only minutes from Fort De Soto Park, Pass-a-Grille, and the museums, dining, and energy of downtown St. Petersburg.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | $862 | $862 | $862 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,282 | $8,507 | $11,814 |
| Total Monthly Payment | $9,269 | $9,494 | $12,801 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.