Listing Details for MLS #TB8464728
2701 1st Avenue S, St Petersburg, Fl

Residential Property - Single Family Residence in St Petersburg

Listing Price: $1,125,000 (Mortgage Calculator →)Days on Market: 104

Description of Property

Now offered at a newly adjusted price, presenting exceptional value for this property. A rare opportunity to secure a premium location at an improved price point. Seller is motivated—bring your offers and don’t miss out on this great opportunity. This property is conveniently located in the vibrant Arts District and active Grand Central District. Bordered by the Kenwood and Palmetto Park neighborhoods, these locations are characterized by a fun, laid-back, diverse, and artsy vibe. Quickly evolving, walkable, and eclectic streetscapes are filled with the trendiest, most inclusive galleries, arts-centric bistros, boutiques, breweries, bars, restaurants, and coffee shops in all of St. Petersburg. Including popular attractions like the Pier, the Mahaffey Theater, Tropicana Field, and the Dalí Museum. The nearby PSTA SunRunner trolley offers convenient transportation to the Gulf beaches to the west or downtown St Pete to the East. This property features a two-story house with 5 bedrooms, 2 bathrooms, a kitchen, dining room, covered porch, and a spacious living room area. The wide 2-car garage space is used as a laundry room and storage by the owner. The house has different spaces outside, including a considerable backyard where outdoor living has become a luxury to enjoy in the middle of the city. This house has no important updates in its style, and that is why it is for sale “As is”. The property offers many opportunities to improve, experiencing the perfect combination of timeless exterior architecture and best-of-class contemporary interiors, although the owner considers it a property to be improved. Great opportunity for investors and developers—or an ideal setting to elevate your business in a prime, highly sought-after location. The crown jewel of this property is the lot size, approximately 7,000 sqft, ideally for developers who want to give new, innovative, and unique living spaces with the most exclusive luxury details, similar to the comparables around it. This corner lot is the ideal space in Downtown St Pete to build Townhomes or /and Commercial spaces. Subject Property sits high & dry out of evacuation zones.The average asking price for a 5 bedroom/2 bath single family residence in this Zip code is $762,500. This single family residence is listed at about 148% of the average asking price. This is the only 5 bedroom/2 bath single family residence between $1,000,000 and $1,400,000 currently listed for sale in this Zip code.