$1,250,000
Reduced $125,000
Description
Back on the market because the buyer changed his mind. The substantial damage determination letter just came in and the GOOD NEWS IS that the property was deemed only 39.1% damaged so a rebuild may be a possibility however the seller/ broker does not make any warranty. The FEMA letter states they will allow improvements not to exceed a value will allow up to $178,000 +/-. The home is priced at lot value and now is your opportunity to craft your dream residence or make a strategic investment on the esteemed 4th Palm Point in St. Pete Beach! This exceptional 80-foot waterfront lot, priced significantly below FEMA's lot valuation of $1,859,788 (PCPAO), presents breathtaking open water views of Boca Ciega, ideal for those seeking the pinnacle of waterfront living. Envision the endless possibilities: developers can realize a luxurious masterpiece, while investors can unlock the vast potential this prime lot offers. Currently, a 2,500-square-foot single-story block home occupies the property. Please be aware that the home sustained damage from Hurricane Helene, and FEMA's 50% rules restrict rehabilitation options. The seller makes no assurances regarding the home's condition, leaving the decision to renovate or redevelop entirely in your hands and selling the property below market lot value. Situated in one of Florida's most sought-after beach communities, this prime location is ready for your vision! Don’t let this rare chance slip away to influence the future of St. Pete Beach. Embrace the potential, act swiftly, and leave your legacy on the Gulf Coast’s premier waterfront enclave!
Listed by Tammy Campbell McNelis PA, .
Property Highlights
- Waterfront: Canal Front, Ocean Front
- View: Water
- Property Type: Single Family, Single Family Residence
- MLS #: TB8319067
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
