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Exceptional waterfront opportunity on beautiful Boca Ciega Isle in St. Pete Beach. Featuring approximately 84 feet of waterfront frontage, a newer seawall, and breathtaking open water views across Boca Ciega Bay toward downtown St. Petersburg, this three-story residence presents a rare chance to reimagine, renovate, enjoy as-is while completing improvements, or design and build a future custom waterfront estate in one of the area’s most desirable coastal communities. The property experienced flood damage during the 2024 hurricanes and is being offered as-is, creating an outstanding opportunity for buyers seeking flexibility, vision, and premier waterfront positioning.
The existing residence offers a versatile multi-level layout with tremendous potential. The first level consists primarily of a two-car garage, storage, laundry, and bathroom. The oversized driveway provides additional parking for approximately four vehicles. A stunning floor-to-ceiling stone feature wall extends alongside the staircase, creating a dramatic architectural focal point that carries through the home’s vertical design. The second living level features an open-concept great room design with kitchen, living, and dining areas positioned to maximize the stunning water views, along with a waterfront breakfast nook, remodeled guest bath, and guest bedrooms with luxury vinyl plank flooring already installed. The expansive great room remains ready for completion, offering the next owner the opportunity to customize finishes and design details to their preferences. The entire third floor is dedicated to the primary suite, highlighted by panoramic water views, a private waterfront balcony, and a remodeled primary bath retreat.
Additional features include multi-zone air conditioning systems with elevated A/C components, along with an elevated electrical panel, offering improvements that may appeal to buyers planning future renovations or long-term ownership.
Whether the vision is completing the existing structure for immediate or future enjoyment, creating a seasonal waterfront escape, holding as a long-term investment, or constructing a new luxury coastal residence, the possibilities here are extensive. The generous waterfront setting offers the ideal backdrop for outdoor living, boating, entertaining, and enjoying the Florida waterfront lifestyle.
Boca Ciega Isle is ideally located near the sugar sand beaches of St. Pete Beach, waterfront dining, marinas, shopping, parks, and entertainment, with convenient access to the iconic Don CeSar Hotel, Fort De Soto Park, Pass-a-Grille, and downtown St. Petersburg. The location combines the privacy of a waterfront island community with convenient access to boating, fishing, Gulf beaches, waterfront recreation, and the many dining and entertainment options throughout the Tampa Bay area.
All information is believed to be accurate but is not guaranteed. Buyers and agents to verify all facts and information pertinent to their purchase decision.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $1,340,000 | $1,340,000 | $1,340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.223% | 6.183% |
| Monthly Tax Payment | $1,670 | $1,670 | $1,670 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,820 | $8,142 | $11,308 |
| Total Monthly Payment | $9,615 | $9,937 | $13,103 |
* 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.