Nestled in the highly desirable Old Northeast, this stately historical property, a 1920s Craftsman-style two-story bungalow, offers a rare opportunity to own a residence that exudes timeless elegance while providing substantial income potential. The main residence, a grand single-family home, features three spacious bedrooms, a sun-drenched Florida room that could easily be converted into an additional bedroom, and two full bathrooms, all enriched with period details. The impressive wrap-around front porch with original Cuban tiles adorned with large Craftsman columns, sets a distinguished tone upon arrival, capturing the essence of the home’s heritage.
Step inside, and you'll be transported to an era of refined craftsmanship. Gleaming heart pine hardwood floors stretch throughout, while the dining room is crowned with coffered ceilings and accented by custom built-ins that speak to the home’s storied past. A wide, open staircase gracefully connects the living spaces, and large windows flood every room with natural light, creating a bright and airy ambiance. The kitchen blends historical charm with modern conveniences, featuring granite countertops, towering cabinetry, a gas cooktop, a built-in oven with a warming drawer, recessed lighting, and a walk-in pantry—a space both functional and elegant.
This property’s allure extends beyond the primary residence, offering significant income-producing potential. The two additional units include a charming one-bedroom, one-bath apartment on the ground floor, featuring a newly constructed Florida room with impact windows, a private entrance, and a spacious upstairs studio with a sunny porch and lots of natural light. These units provide exceptional opportunities for generating rental income, serving as guest quarters, or even functioning as a private home office. Additionally, the property includes a two-car garage that could easily be converted into another accessory dwelling unit (ADU), further boosting the income potential. Both units benefit from ample off-street parking and garage space, ensuring convenience for residents and guests alike.
Situated on a desirable corner lot with picturesque brick streets, the property features a serene private patio surrounded by mature trees, creating a peaceful retreat in the heart of the city. The location is unrivaled—just a leisurely stroll(2 blocks) to the picturesque waterfront or a short bike ride to downtown St. Petersburg, home to fine dining, vibrant shops, world-class museums, and the iconic St. Pete Pier. With North Shore Aquatic Center nearby and easy access to I-275, Tampa International Airport is a convenient 25-minute drive, and the pristine beaches of Florida’s west coast are equally close.
This magnificent 1920s Craftsman-style two-story bungalow seamlessly combines stately historical grandeur with modern-day amenities and income-generating versatility, making it a truly rare gem in one of the most sought-after neighborhoods in St. Petersburg, with endless possibilities.
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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 | $1,300,000 | $1,300,000 | $1,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $935 | $935 | $935 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,324 | $8,432 | $11,414 |
Total Monthly Payment | $9,384 | $9,492 | $12,474 |
* 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.