ENDLESS POSSIBILITIES AWAIT on this PRIME Lot in Desirable St. Petersburg! Seize the opportunity to create the home of your dreams on this expansive 6, 000+ SF lot, nestled in one of Saint Petersburg’s most coveted neighborhoods. Whether you choose to rebuild or start fresh with a complete teardown, this property offers an incredible canvas for crafting a custom residence tailored to your exact vision. With ample space to work with, you have the flexibility to design a state-of-the-art home featuring modern, hurricane-resistant construction—ensuring both security and peace of mind. From foundation to finish, the possibilities are endless. For decades, this home served as a prosperous investment - income earning property, hosting many avid visitors of the area that returned year over year. Located in the art district, the home was known as “The Blue Sea Horse”, built with pine, vaulted ceilings and featured ample lighting with a spacious layout, accommodating up to 8 people comfortably. THE LOCATION COULDN'T BE MORE IDEAL. Situated just moments from the vibrant culture of Downtown St Petersburg, you'll have easy access to waterfront dining, trendy bars, boutique shopping, art galleries, and the beautiful Gulf beaches. Just a few blocks away from the heart of it, this artsy, eclectic community of Gulfport offers its own vibrant cultural scene, with galleries, live music, and community events that celebrate local artists and creativity. Whether you’re looking for a lively community or tranquil coastal living, this property positions you to enjoy it all. This is more than just land; it’s an opportunity to build a home that truly reflects your lifestyle. Imagine a residence that combines innovative design, custom finishes, and lasting durability—your perfect sanctuary in the heart of one of Florida’s most dynamic cities. Contact us today so we can help you navigate to your dream home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $498 | $498 | $498 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,335 | $2,305 | $2,989 |
Total Monthly Payment | $2,908 | $2,878 | $3,562 |
* 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.