Property Description:
This 1,464 sq. ft. block construction home sits on a corner lot in the prestigious Belle Vista neighborhood, just a 6-minute walk from the white sands of St. Pete Beach. The 2-bedroom, 2-bathroom property features a sunroom with conversion potential for a 3rd bedroom, and is situated directly across from multi-million-dollar waterfront residences on Boca Ciega Bay. Following 2024 storm flooding, the home was professionally remediated and is currently a blank canvas. This property is an ideal target for investors looking to capitalize on a high-demand coastal market through a complete interior finish-out or a total rebuild on a prime 0.18-acre lot.
🛠️ Rehab Scope (Estimated)
- Complete Interior Finish-out: Installation of new drywall, insulation, baseboards, and whole-house paint.
- Kitchen & Bath Remodel: Full kitchen install (cabinets, counters, appliances) and modernization of two full bathrooms.
- Flooring: Installation of luxury vinyl plank (LVP) or modern tile throughout the living areas.
- Systems & Mechanicals: New HVAC unit and updated electrical panel and plumbing as required for modern standards.
- Exterior Improvements: Privacy wall maintenance, landscaping cleanup, and potential pool installation in the spacious side yard.
- Structural/Elevation: Buyer to verify FEMA letter for “substantial improvements” and potential Hazard Mitigation Grant eligibility for elevation or future construction.
🟣 Comparable Sales
- 304 42nd Ave – 3/2 | 1,315 sf | Sold $650,000 | 10/20/2025 | Fully Restored
- 281 44th Ave – 2/1 | 1,124 sf | Sold $600,000 | 12/19/2025 | Updated
- 209 45th Ave – 2/2 | 1,511 sf | Sold $589,000 | 10/03/2025 | Recently Remodeled
- 152 44th Ave – 3/2 | 1,056 sf | Sold $395,000 | 11/11/2025 | Basic Reno
- 280 41st Ave – 4/3 | 1,729 sf | $750,000 | Pending | Large Modernized
💰 ARV Analysis
Renovated single-family homes in Belle Vista are selling at a median price of $720,000–$735,000, with high-end finishes commanding over $500/sf. Given the subject’s corner lot location and proximity to multi-million-dollar bay-front homes, a full restoration to “coastal luxury” standards – including a 3rd bedroom conversion, positions it at the top of the non-waterfront market.
Estimated ARV: $625,000 – $675,000 +/-