635 Bay STREET NE, St. Petersburg, FL, 33701 | $3,499,000

LIVE IN THE MAIN HOUSE, AND THE CARRIAGE HOUSE RENTALS HAVE THE POTENTIAL OF $150, 000 IN ANNUAL INCOME!
WELCOME TO THE HISTORIC OLD NORTHEAST NEIGHBORHOOD OF ST PETERSBURG, FL, THE SUN IS AWAITING YOU!, Residents and guests delight in the peaceful and picturesque brick streets, where trees form graceful, arching canopies over the homes and sidewalks. Nestled on a corner lot just one block north of Downtown St. Pete and one block west of The Vinoy, this elegant home, built circa 1914 and originally named the Boyce Guest House, was designated a Historic Landmark by the City of St. Petersburg in 1997. A brick U-shaped walkway guides you to the front covered portico and into the grand foyer, featuring an oval trayed ceiling and flanked by four fluted columns. Adjacent to the foyer, you'll find both the expansive formal living and dining rooms, ideal for gatherings with family, friends, and guests alike. The living room features a gas-plumbed fireplace and seamlessly connects to a sunroom facing south, perfect for enjoying the St. Pete sunshine. Meanwhile, the dining room comfortably accommodates a table large enough to seat 8 to 10 family members or guests. The chef’s kitchen has been updated cabinets and appliances, highlighted by a five-burner gas cooktop. Adjacent to the kitchen is a generous laundry room equipped with oversized units, complemented by a full bath for the convenience of the first-floor bedroom (perfect for an Innkeeper’s room). Connecting the kitchen and dining room is the butler’s pantry, featuring two French doors that open onto the expansive northside porch. This peaceful outdoor space overlooks a serene patio shaded by two magnificent oak trees and surrounded by lush landscaping. The six bedrooms spread across the second and third floors each boast ensuite bathrooms, complete with jacuzzi tubs, except for one (on the third floor) which features an antique clawfoot bathtub. All rooms are flooded with natural light, and the second floor primary bedroom includes a south facing sunroom. The carriage house offers 3 generous suites available for short-term or long-term rental, or as in-law accommodations. The second-floor suites feature vaulted ceilings and a porch, perfect for unwinding and savoring the tranquility of the neighborhood. This home boasts several standout features, including original oak hardwood floors, stained glass windows, multiple French doors, exposed brick in the sunrooms, multiple HVAC units, a generator for power outages, tankless water heaters powered by gas, updated plumbing and wiring, as well as a spacious patio and shaded parking area. The location of this property is truly exceptional. It is conveniently situated: just 2 miles from Interstate 275, 18 miles from Tampa International Airport, 13 miles from St. Pete-Clearwater International Airport, and 21 miles from Downtown Tampa. Within the local area, it's only a block away from Downtown St. Pete, and 9 miles to the nearest Gulf beaches. Nearby attractions include The Vinoy, multiple bay front parks, The Museum of Fine Arts, the newly revamped St. Pete Pier (including Spa Beach, shopping & restaurants), the Central Yacht Basin, and Beach Drive, renowned for its outstanding restaurants, shops, and lively nightlife. This property is perfect for a family looking to take pleasure in its many amenities. Additionally, with its current license and operation as a Bed & Breakfast, it presents a great opportunity for an inn operator or investor.

Features

  • Rooms: 10
  • Bedrooms: 7
  • Baths: 7 full / 1 half
  • Laundry: Common Area, Laundry Room
  • Year Built: 1914
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 5,282
  • Acreage: 0.18
  • Est. Taxes: $29,788
  • Lot Desc: Corner Lot
  • View: City
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • MLS#: U8248400
  • Days on Market: 119 days
  • Website: https://www.raveis.com
    /eprop/U8248400/635baystreetne_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 11/5/2024 9:02:12 AM)
Listing courtesy of BARKETT REALTY   Phone: 727-388-9500

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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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635 Bay STREET NE, St. Petersburg, FL, 33701

$3,499,000

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 $2,799,200 $2,799,200 $2,799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.762% 6.725%
Monthly Tax Payment $2,482 $2,482 $2,482
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,693 $17,924 $24,384
Total Monthly Payment $20,300 $20,531 $26,991

* 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.