315 87th AVENUE N, St. Petersburg, FL, 33702 | $1,899,000

MOVE IN READY! No Storm Damage Due To New Construction Requirements - High and Dry with Low Flood Insurance. Construction was completed on 10/20/2024. Introducing the ‘Bahama Breeze’ luxury waterfront collection by Credence Construction in the sought-after Riviera Bay Neighborhood. This stunning 5-bedroom, 4-full bath West Indies-inspired residence boasts an impressive 6-car garage, providing ample space for vehicles and storage needs. Spanning across 6, 384 total square feet, with 3, 116 square feet dedicated to heated living space, this newly 2024 built home offers unparalleled comfort and sophistication with a prime waterfront location. The property remains high and dry, with no storm damage, as it's constructed above the new floodplain, ensuring low flood insurance and no risk of flooding. Step inside to discover a chef's dream kitchen, featuring shaker white cabinetry, quartz countertops, stainless steel appliance credit for buyers to choose from, and a generously sized grand island, perfect for culinary endeavors and entertaining guests. The open-concept layout seamlessly flows into the living and dining areas, offering unmatched panoramic views of the waterfront surroundings. The oversized master suite offers even more covered lanai space, a large walk-in closet, and breathtaking views. The master bath offers a luxurious retreat, featuring a spacious walk-in shower, double vanity for added convenience, and a private toilet area for enhanced privacy. Additionally, indulge in relaxation with a large freestanding soaking tub, perfect for unwinding after a long day. This thoughtfully designed sanctuary provides the ultimate in comfort and sophistication, elevating your daily routine to a new level of luxury. Designed for both style and resilience, the home features luxury vinyl flooring throughout, complemented by impact-rated windows that enhance energy efficiency and security. The exterior showcases a blend of elegance and durability, with tabby shell stucco on the first floor and hardy board siding on the upper levels. Outside, indulge in the tropical oasis created by lush landscaping and a circular paver driveway, adding to the home's curb appeal. The home is also built over the new floodplain with no risk of flooding and low flood insurance. A new seawall and dock provide direct access to deep water, allowing for effortless boating and waterfront activities along Sunlit Cove, Weedon Island, and Tampa Bay. Whether enjoying the serene views from the comfort of your living room or hosting gatherings in the spacious outdoor covered patio, this waterfront retreat offers the epitome of Florida living. Don't miss the opportunity to call this exquisite property your new home. Come call Riviera Bay home, where amenities include great water access, 2 parks, a community boat ramp, a bi-monthly newsletter, a Christmas Eve boat parade and golf cart parade, and a July 4th golf cart parade with flag-lined streets. All of this and centrally located to all that St. Petersburg has to offer. Schedule your private tour today and experience luxury living at its finest.

Features

  • Rooms: 3
  • Bedrooms: 5
  • Baths: 4 full
  • Lot Size: 60 x 126
  • Laundry: Laundry Room
  • Style: Key West
  • Year Built: 2024
  • Garage: 6-car Driveway, Ground Level
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,116
  • Acreage: 0.16
  • Lot Size: 60 x 126
  • Est. Taxes: $7,899
  • Lot Desc: Cleared, City Lot, In County, Landscaped, Level
  • View: Water
  • Appliances: Dishwasher, Range, Refrigerator
  • MLS#: U8232476
  • Days on Market: 243 days
  • Website: https://www.raveis.com
    /eprop/U8232476/31587thavenuen_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 12/22/2024 9:04:20 AM)
Listing courtesy of RE/MAX Metro   Phone: 727-896-1800

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert.Reade@raveis.com

Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

315 87th AVENUE N, St. Petersburg, FL, 33702

$1,899,000

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 $1,519,200 $1,519,200 $1,519,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $658 $658 $658
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,854 $9,728 $13,338
Total Monthly Payment $10,637 $10,511 $14,121

* 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.