Property Description

MAJOR PRICE REDUCTION—PRICED WELL BELOW MARKET VALUE! Comes with an official appraisal in hand raising the FEMA renovation allowance to an impressive $139,692, giving you massive clearance to build out a dreamy coastal retreat. Incredible opportunity to renovate or rebuild your dream home just one mile from the sugar sands of Treasure Island Beach! Situated on a corner lot in the highly sought-after Causeway Isles neighborhood, this flood-damaged property offers incredible potential for investors, builders, or buyers looking to create their own coastal retreat. The home was remediated immediately following the 2024 storms and features a 2022 roof, new 200 amp electric panel, along with hard-wired electrical, and building permits already in place. Whether you're planning a renovation or envisioning a custom rebuild, these improvements provide a strong head start on bringing your vision to life. Enjoy the best of Florida living with a short bike ride or walk to the beach, a quick drive to vibrant downtown St. Petersburg, and convenient access to countless restaurants, shopping destinations, and beach favorites, including Sloppy Joe's, Middle Grounds Grill, and Ricky T's. The nearby beachfront path hosts beloved local events throughout the year, such as the Sanding Ovations sand sculpture festival, kite festivals, and the weekly Sunday Sunset Drum Circle. Whether you choose to renovate the existing home or start fresh, this is a rare chance to secure a property in one of the area's most desirable waterfront communities and make it your own piece of paradise at an exceptional value.