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479 80Th Way St Pete Beach, Florida 33706 MLS# MFRTB8356868
This charming three-bedroom, two-bathroom block home sits on a sunny, south-facing corner lot, offering an abundance of natural light through its large windows. As you step inside, you’re welcomed by an open-concept living and dining area that seamlessly transitions into the well-appointed lanai, maximizing space and versatility. Whether you're looking to renovate or reimagine, this home provides a solid foundation for your creative vision. One of its standout features is the timeless terrazzo flooring, known for its durability, low maintenance, and mid-century charm—eliminating the need for costly replacements. The expansive screened-in lanai extends your living space outdoors, making it an ideal spot for relaxing, entertaining, or transforming into your own private retreat. Additionally, the open floor plan and flexible third bedroom placement offer countless opportunities to redesign and customize the home to suit your needs. You could potentially create a great room if a third bedroom isn't needed, repurpose the space into an office or flex area, expand the kitchen with an island overlooking the main living space, or even enclose the lanai to add additional square footage—the possibilities are endless! Beyond the home, you'll love its prime location just minutes from St. Pete Beach’s vibrant shops, restaurants, and entertainment, as well as the renowned Corey Avenue Market, where you can enjoy fresh produce, baked goods, live entertainment, and unique local finds each week. Plus, with a convenient stop nearby on the new SunRunner express bus line, you’ll have easy access to downtown St. Petersburg without the hassle of driving. For investors, this area of St. Pete Beach allows rentals of one month or more, with the option to secure short-term leases (under 30 days) up to three times per 12-month period. Rental rates for updated three-bedroom, two-bath homes in this coveted location can gross between $3,500 and $4,000 per month once renovations are complete. Unlike many homes in the area, the roof sustained no visible storm damage from Hurricanes Helene or Milton. The seller will provide the non-substantial damage letter from St. Pete Beach, the SPB inspector’s report, and a copy of the property’s re-appraisal with revised dwelling evaluation numbers. However, this is an “as-is” sale, and the seller makes no warranties regarding the home's condition or the feasibility of renovating or further developing the property to meet FEMA requirements. The FEMA-required lower four feet of drywall has been professionally removed using laser levels and air-powered cutting wheels. All lower walls have undergone mold remediation, and the exposed wood has been encapsulated with Kilz Level 3 paint. A brand-new Trane 15.2 SEER2 A/C compressor and air handler are on-site and ready for installation, with quotes and receipts available for the AC/Air Handler and tear out/remediation to include with your application to FEMA in accordance with their 49% budget cap for rebuilding. Additionally, a copy of the original 1964 house plans will be available at closing. This is a rare opportunity to transform a well-documented storm-damaged property into your dream home in the highly desirable St. Pete Beach neighborhood. With its unbeatable location, solid structure, and endless potential, this home is ready for your vision—schedule your showing today!
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