$689,000

Join the Ponderosa Shores renaissance. This home is an open canvas to renovate as you please, and restore this home back to its pre-storm beauty on this spectacular waterfront lot that has a newer 81’ seawall with 3’ cap and large 300 sf custom dock with two working boat lifts. This beautiful waterfront home flooded during Hurricane Helene and was fully remediated with 4’ drywall cuts throughout the entire home. All flooring with the exception of the two bathrooms was removed and is currently bare concrete slab floors. Based on a private appraisal with an "as of" date of September 24, 2024 (flood date), the FEMA 49% rule will allow up to $232,220 in renovations to the structure without bringing the home up to current FEMA standards; i.e., home elevation or tear-down - providing more than ample room for a custom high-end renovation. Until Hurricane Helene in September, 2024 this home had never flooded since its construction in 1972. This home is close to vibrant downtown St. Pete, a 10-minute idle to Tampa Bay and only a few paddle strokes to protected Placido Bayou Mangrove Preserve where you can explore the mangrove trails by kayak or paddle board. Watch dolphins and manatees swim around your dock while you enjoy the sun set behind the mangrove preserve. The newer 40th Avenue bridge has a 13.2’ vertical clearance at mean high tide to accommodate most non-flybridge vessels. * Protected waterfront with superior all-block construction; * 1,789 heated sq/ft, 2,535 total square feet; * 2-car garage with hurricane impact garage door * Azek composite cool decking with wrap around trim, high density polyethylene wrapped dock pilings, electric and water; * 3 bedrooms, 2 bathrooms with open concept, split floor plan; Lot size: 7,797 sq/ft (0.17 acres MOL. 81’ wide x 102’ deep MOL); * Home features Vivint security/fire alarm system; * 81' newer seawall with 3’ cap (Gulf Coast Marine Construction); * Two Working Boat Lifts: 10,000 lb. boat lift and 4,500 lb. double jet ski/boat lift; * Large Custom Dock: 300 sq/ft (25’ x 12’ w/ 3’ step down platform) * Expansive outdoor deck: 660 sq/ft; * 8-person hot tub (hot tub damaged by flooding); * Room to add pool * Roof: 2012 – GAF Timberline 30-year upgraded shingle with roof membrane (assumable warranty) and updated soffits and facia (no damage experienced from hurricanes); * Newer HVAC 2021: Trane, 16 Seer (4 ton) Heat Pump with UV Light system for improved air quality. Warranty: 10-year warranty for Compressor (Compressor damaged by flooding); 10 years coil; 10 years parts; * 22kw Whole House Generac Generator (2022) with low hours and a transferable warranty; * Designer lighting throughout; * Windows: updated (sliding doors and some windows damaged by storm); * Ceiling fans throughout; * Covered Lanai and entrance way with hand-stained wood slats on ceiling; * Exterior painted: 2022; * New Samsung washer and dryer, front loading – 2024 (Never used. Washer damaged by flooding); * Water main line replaced (2006); * Additional and plentiful attic storage with high pitched roof; * Expanded paver driveway; * Irrigation system (reclaimed water) and upgraded gutter/drainage system; * Windster stainless steel vent hood in kitchen; * Skylight with upgraded tempered glass; * LED recessed ceiling lighting; and * Neighborhood has all underground utilities including cable, natural gas, electric, and soon-to-be-installed fiber optic (no unsightly power poles and power lines)