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3219 Bayshore Ne Blvd St Petersburg, Florida 33703 MLS# MFRTB8370953
Under contract-accepting backup offers. ?Welcome to the prestigious Bayshore Boulevard, renowned as one of St. Petersburg's most luxurious and sought-after waterfront addresses. This exceptional property is situated toward the tranquil southern end of the street in a cul-de-sac, ensuring minimal traffic and maximizing the breathtaking, unobstructed views of Tampa Bay.? The lot measures an impressive 55x170 feet, offering ample space to either construct your dream home from the ground up or undertake a comprehensive remodel of the existing structure. The current residence experienced flooding due to Hurricane Helene; however, all necessary remediation has been meticulously completed, including the professional removal and thorough drying of affected walls, presenting a blank canvas for customization.? According to the City of St. Petersburg's 49% Rule, homeowners are permitted to invest up to 49% of the structure's pre-damage market value into repairs and improvements without necessitating full compliance with current floodplain management regulations, such as elevation requirements. Based on this guideline, you are allowed to spend up to $136,189 on renovations. Should your desired improvements exceed this threshold, the structure must be brought into full compliance with current zoning, building, and floodplain management regulations, which may include elevating the structure, implementing floodproofing measures, or adhering to other flood protection standards. This property not only offers a prime location with unparalleled views but also the flexibility to create a residence tailored to your preferences. Its proximity to downtown St. Petersburg ensures easy access to a vibrant array of dining, shopping, and cultural experiences, while the serene cul-de-sac setting provides a peaceful retreat.? Don't miss this extraordinary opportunity to craft your waterfront dream home on Bayshore Boulevard. Call to schedule your private tour today and explore the limitless potential this property has to offer.
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