Property Description:
This 2-bed, 1-bath block home sits on a 9,326 sq ft lot in the desirable Shore Acres area of St. Petersburg. Built in 1956 with 1,119 sq ft of living space, the home has strong curb appeal and a 3-year-old roof. It was recently affected by Hurricane Helene and has since been fully remediated. A FEMA letter is in hand, allowing for up to $74,000 in eligible repairs — offering a generous rehab budget for investors looking to flip or hold in this high-demand coastal neighborhood.
🛠️ Flooded & Remediated – Ready for Your Crew
The home is gutted and ready for your contractor. It’s clean, cleared, and backed by FEMA funds for reconstruction. No surprises — just a solid structure on a big lot with upside. While comps are limited, you’ve got two renovated actives nearby in the $317K–$349K range. If those sell close to list, your ARV climbs.
🔵 Active Listings
· 4461 Shore Acres Blvd NE – 1,231 sq ft, 2/1, listed at $349,900 ($284/sqft) – rehabbed, similar layout
· 4401 Shore Acres Blvd NE – 925 sq ft, 2/1, listed at $317,000 ($343/sqft) – smaller but modernized
🔴 Recently Sold
· 3634 Overlook Dr NE – 870 sq ft, 2/1, sold for $425,000 ($489/sqft) on 3/3/2025 – fully renovated, smaller home, newer build
This home is offered at just $190,000, making it the cheapest property within a half mile by at least $30K — and on one of the larger lots. Renovation scope is already defined, and FEMA’s approval gives you a cushion few other projects have. With market comps showing strong support even for smaller footprints, there’s room here for a clean flip or long-term rental in one of St. Pete’s best neighborhoods.
Access by appointment — reach out to set up a walk-through.