5375 40th AVENUE N, St. Petersburg, FL, 33709 | $1,175,000

This exquisite lakefront property offers a luxurious oasis with its spacious layout and prime location. Nestled on just under an acre (. 8801 acre) of land, this 4 bedroom, 3 bathroom residence boasts a generous 2, 734 sq ft of space, providing ample room for comfortable living. A generous 2 car garage adds convenience for both vehicles and accommodates storage needs. The esthetics of this unique property make it special & not to be missed when looking for your dream home!
Completely renovated from top to bottom, this residence showcases modern updates and high-end finishes throughout. A standout feature of the property is the newly added concrete block primary suite completed in 2022, which exudes elegance and sophistication. The oversized primary bedroom offers a tranquil retreat with custom motorized black out shades & a picturesque view of the stunning outdoor area. The walk-in closet features a well-planned customized closet system providing ample storage space for clothing and accessories. The expanded primary bathroom is a true haven, featuring an oversized shower with multiple shower heads & skylight, a luxurious soaking tub for relaxation, and dual vanities for added convenience and style.
There are many updates including a new roof, new Hardie Board siding, hurricane impact sliders & garage door with smart opener, freshly painted exterior, & professionally landscaped front & back yards. Completely fenced with PVC fencing in front & slde yard, & aluminum along the water. The Sellers have left nothing to chance, when bad weather occurs a Generac Standby Generator w/propane tanks is ready for the entire home.
The WOW feature of this property is the outdoor entertainment area also completed in 2022, consisting of a covered patio with stained wood ceiling, custom outdoor kitchen, oversized saltwater pool with sun shelf & spa, that accommodates up to 8 people. This area is completed with beautifully landscaped trees & turf for easy care & solar accent lighting,
Situated on picturesque Lake Hewett, a privately owned 3-acre spring fed lake. This property offers stunning views and a serene ambiance. The waterfront location not only enhances the beauty of the home but also provides opportunities for outdoor enjoyment and recreation including paddle boarding, kayaking & small fishing boats. Sit on the dock & enjoy the privacy and seclusion from neighbors. This residence offers a peaceful retreat for its owner to relax and unwind in a tranquil setting,
All measurements are approximate & should be verified by buyer & buyer's agent for accuracy.

Features

  • Rooms: 7
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Laundry Room
  • Year Built: 1964
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,734
  • Acreage: 0.88
  • Est. Taxes: $5,921
  • Elem. School: Westgate Elementary-PN
  • Middle School: Tyrone Middle-PN
  • High School: Dixie Hollins High-PN
  • Pool: Gunite, Heated, In Ground, Lighting, Salt Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer, Water Filtration System, Water Softener
  • MLS#: U8247795
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /eprop/U8247795/537540thavenuen_stpetersburg_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 7/3/2024 10:47:08 AM)
Listing courtesy of LUCAS GROUP REALTY INC   Phone: 727-385-8869

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5375 40th AVENUE N, St. Petersburg, FL, 33709

$1,175,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $940,000 $940,000 $940,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 7.141% 7.082%
Monthly Tax Payment $493 $493 $493
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,333 $6,254 $8,383
Total Monthly Payment $6,951 $6,872 $9,001

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.