RAISE THE ROOF ON THIS HOME'S SCORCHED POTENTIAL: A RARE LAKEFRONT POOL HOME OFFERS UNPARALLELED INVESTMENT VISION 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.
Listing courtesy of ENGEL & VOLKERS ST. PETE. 727-295-0000
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