Property Description

Back on the Market! Waterfront Property with Renovation Loan PotentialThis canal-front property with a private pool offers an exceptional opportunity for a first-time homebuyer or investor looking to create substantial value through renovation. The property is eligible for a renovation loan, making it an attractive option for buyers who want to purchase and finance improvements as part of the same project.Nestled along a serene canal, the home features a private backyard oasis perfect for relaxing, entertaining, kayaking, fishing, and enjoying direct water access. With the right renovations, this property has the potential to become a beautiful waterfront residence in a highly desirable St. Petersburg location.Strong Value-Add Potential: Buyers are encouraged to research comparable renovated properties, projected after-repair values, and historical pricing prior to Hurricane Helene. With a HUGE appraisal value after renovations, this property presents an opportunity to build significant equity while creating a home tailored to your vision.The property experienced flooding during Hurricane Helene and is being offered as a renovation opportunity. It is back on the market due to the additional cost and time associated with obtaining the necessary extension, providing a new opportunity for a buyer ready to take on the renovation.Conveniently located just minutes from shopping, downtown St. Petersburg attractions, and Tampa International Airport, with approximately 20-30 minutes to the beaches, this property combines waterfront living with excellent access to the area's amenities.Buyers and investors are encouraged to perform their own due diligence regarding renovation costs, financing requirements, permits, comparable sales, and projected after-repair value.Don't miss this opportunity to purchase a waterfront property in St. Petersburg at an exceptional price and unlock its potential.

Property Features

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