St. Pete Homes with Canal - Saltwater Frontage

Welcome to St. Pete, a hidden gem nestled in the charming city of Kenneth City, Florida, within the vibrant Pinellas County. This delightful subdivision offers a unique blend of tranquility and coastal living, making it an ideal destination for those seeking a serene lifestyle without sacrificing proximity to urban conveniences.

One of the standout features of St. Pete is its stunning homes with canal and saltwater frontage. Imagine waking up each morning to the gentle lapping of water against your dock and the mesmerizing views of the sun rising over the canal. These properties provide not only breathtaking vistas but also direct access to the warm waters of Florida’s Gulf Coast, perfect for boating enthusiasts, fishing aficionados, or anyone who simply enjoys the soothing sounds of nature.

In St. Pete, you’ll find a variety of homes designed to suit diverse tastes and lifestyles. Whether you’re looking for a cozy bungalow or a luxurious waterfront estate, this subdivision offers a range of options to fit your needs. The community is known for its friendly atmosphere, where neighbors become friends and local events foster a strong sense of belonging.

Additionally, St. Pete is conveniently located near local parks, shopping centers, and dining options, ensuring that all your daily needs are just a stone's throw away. With its idyllic surroundings and inviting community spirit, St. Pete is not just a place to live; it’s a lifestyle waiting to be embraced. Come explore the possibilities of your new home in this picturesque waterfront paradise!

Newest St. Pete Homes with Canal - Saltwater Frontage

$975,000

9 Beds ⋅ 6 Baths ⋅ St. Pete SubDv. ⋅ 33709 Zip Code

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

5050 74th Street N Unit 1, St Petersburg

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