16002 5th STREET E, Redington Beach, FL, 33708 | $1,299,000

THE ULTIMATE PANORAMIC POINT LOT a canvas for your dream home. This stunning pie-shaped, south-east facing lot is located in the coveted Redington Beach community. Nestled on the tip of a curved cul de sac, abutting a city-maintained palm-tree circle garden. This generous lot offers 81’ frontage, expanding to 108’ along the Boca Ciega Bay with a new (2024) raised curved seawall. This rare gem provides the space to bring your vision of coastal living to life. Imagine waking up to breathtaking sunrises, an open water unobstructed 180 degree view of the constantly changing panorama throughout the day of boats, seabirds and dolphins playing. Evenings offer postcard-like scenes of twinkling lights from the buildings across the Bay. This truly magical and unique lot is perfectly situated to capture the natural beauty of its surroundings, offering endless possibilities for creative architectural designs that maximize light, space and the tranquil water views. Ample room for a boat lift and a spacious replacement dock. Nestled in the heart of Redington Beach, this special lot is more than just a property—it’s a lifestyle. The community is renowned for its charming coastal atmosphere, pristine sandy beaches and vibrant yet relaxed vibe. Offering the best of both worlds: a quiet, all-residential community, just minutes away from a host of local amenities, dining and entertainment options. Walk/bike down to the beach or a short drive to the residents’ only free-parking beach access, for the iconic Gulf Coast sunsets. Once-in-a-lifetime opportunity to design your dream home on one of Florida‘s most sought-after waterfront locales. Fifth Street East already has several two and three story homes, and you’ll love the beautiful approach to this property from the 161st Avenue causeway with water views on both sides. Whether you envision a modern coastal retreat, a classic Mediterranean villa, or a sleek contemporary masterpiece, this lot is your perfect launching point for your dream home. Don’t miss this rare opportunity to own this magnificent slice of Paradise— your dream waterfront lifestyle begins here! The house on property was flooded as part of Helene, and was remediated, 4' of drywall removed. Seller has NO information on the ability to repair. FEMA permit value is only $59k. Therefore home is being sold AS-IS, WHERE-IS with no inspections. Sellers are motivated, hurry and make this your dream home location. Be sure to view the Video on Virtual tour #2, see what this amazing location has to offer!

Features

  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 41 x 105 x 108 x 105
  • Laundry: None
  • Year Built: 1954
  • Garage: 1-car Garage Door Opener
  • Heating: None
  • Cooling: Central Air
  • Approx Sq. Feet: 1,230
  • Acreage: 0.18
  • Lot Size: 41 x 105 x 108 x 105
  • Est. Taxes: $15,127
  • Lot Desc: Cul-De-Sac, City Lot
  • View: Water
  • Elem. School: Bauder Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pet Policy: Yes
  • Appliances: None
  • MLS#: TB8337898
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/TB8337898/160025thstreete_redingtonbeach_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 1/14/2025 5:47:07 PM)
Listing courtesy of WATERFRONT REALTY TAMPABAY   Phone: 727-320-9283

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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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16002 5th STREET E, Redington Beach, FL, 33708

$1,299,000

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 $1,039,200 $1,039,200 $1,039,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.750% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.239% 6.849% 7.037%
Monthly Tax Payment $1,261 $1,261 $1,261
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,001 $6,740 $9,268
Total Monthly Payment $8,387 $8,126 $10,654

* 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.