No flooding. High elevation home and can close relatively quickly if necessary. Exquisite West Indies-inspired custom home with wrap-around porches ideal for taking in the incredible water views of Tampa Bay. Situated on Coffee Pot Bayou, This very special residence allows for both protected waterfront as well as open and direct access to Tampa Bay and The Gulf of Mexico. With unparalleled luxury and craftsmanship, this residence epitomizes waterfront living at its finest. Enjoy watching the sunrise with a cup of coffee on either the front porch or the primary bedroom balcony while experiencing the bliss of the year round bay breeze. Boasting over six thousand square feet of living space, this meticulously designed residence features 5 bedrooms and 5 1/2 bathrooms. All first floor living spaces offer incredible water views, and the elevation extends phenomenal insurance savings and peace of mind. Gracious living rooms seamlessly flow from one to the next. The modern, open concept also incorporates a designated formal dining room that exudes an element of sophistication. Windows in the dining and living rooms allow for a chance to see dolphin and manatee play, with the iconic Coffee Pot Bridge in the background. On the main level is a chef’s dream kitchen – definitely the heart of the home! Two of everything important: islands, sinks, ovens and microwaves - plus a 48” gas cooktop - help create the perfect space for culinary exploration and the functionality an entertainer would need. Hide the mess in the walk-in messy kitchen, with ample storage, a wine refrigerator and room for small appliances. The first level guest suite features front porch access which means your guest may never want to leave. Even the main level powder bath has a water view! The large primary suite has a functional balcony and water views from the bedroom, sitting area and bathroom. Both the front and rear of the home open to outdoor living areas. The courtyard-style pool and patio area is complete with an outdoor dining space and a fully equipped outdoor kitchen with gas grill, ice machine, beverage cooler, and sink. The pool and spa provide a tranquil setting for relaxation and entertainment. Further enhancing the allure of this residence are the two oversized two-car garages (four car garage total), in addition to a large parking apron. The detached two car garage features a fully air-conditioned space with car lift, providing ample storage and convenience for hobbyists. Situated on the most coveted street in the city, this home offers enviable, protected dockage along Coffee Pot Bayou, with two deeded water lots along the city-maintained seawall that offer, quick access to Tampa Bay and the Gulf of Mexico. Whether admiring the stunning sunrise views, hosting gatherings for friends and family, or simply basking in the tranquility of waterfront living, this oasis offers an unparalleled lifestyle opportunity in the heart of St. Petersburg. A short one mile walk (or bike/golfcart ride) along the city’s waterfront parks brings you to the best of St. Pete, Beach Drive restaurants, the St. Pete Pier, and Albert Whitted airport. Twenty-five minutes away are the bay area’s two international airports, as well as the area’s world famous white sand beaches. Come and see why so many choose to call St Petersburg home.
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Our Executive Mortgage Banker:
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$7,775,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $6,220,000 | $6,220,000 | $6,220,000 |
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 | $3,579 | $3,579 | $3,579 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,343 | $39,827 | $54,611 |
Total Monthly Payment | $44,047 | $43,531 | $58,315 |
* 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.