327 87th AVENUE N, St. Petersburg, FL, 33702 | $600,000

Under contract-accepting backup offers. Opportunity knocks TWICE! LIVE in this beautifully redone home while LAND-banking waterfront at today's prices! Yours to enjoy, Mid-Century Modern waterfront home on one of the most sought-after waterfront locations in Riviera Bay. All the while, you are building equity in Waterfront Land value! Take your time, design that dream home, it's yours to build on your timeline : )
Meanwhile, move in this open plan home with stunning views of the water from the kitchen, living room, dining room and master bedroom through the large sliding glass doors and expansive windows. And there are two covered porches for relaxing and outdoor gathering.

Inside, you will find a split plan layout. The primary suite has its own central AC unit for night time comfort. The primary bath is newly updated while still retaining its vintage charm. There are two large closets. The walk-in closet is cedar lined and the second primary closet has built-in drawers. Bedrooms 2 and 3 are both nice and big and can easily be furnished with queen size beds.

In the center of the home, you will find an open living and gathering space. The kitchen has a large multi-level island with lots of storage space on both sides. Both the kitchen and living room have a 10 1/2 foot cathedral ceiling with transom windows at the top.

In the large laundry room, you will find front loader washer and dryer and laundry sink. There is a lot of counter and cabinet space.

Home features include:
Custom solid wood kitchen cabinets
Cathedral ceiling
Split plan layout
New roof
Dual central AC units (2015, 2022)
New water heater (Mar 2023)
New refrigerator and dishwasher (Sep 2023)
Large back yard
10, 000 pound boat lift with remote controller
Assumable Flood Insurance policy

There is a one car carport, but behind the garage door you will find a 12 x 10 workshop space that can also be a motorcycle or golf cart garage. It has a built in work bench with peg board and shelves on one side. There are also 3 large wall cabinets.

In the front yard there is a mature Florida Avocado tree that produces the most delicious fruit from August through October.

The spacious lot is located on Sunlit Cove and is part of the Riviera Bay neighborhood. Sunlit Cove is a natural 700 foot diameter cove that is home to manatees, snook, exotic birds, and is also visited by dolphin. It is wider than any canal in all of Riveria Bay. (All of the wildlife photos that you see here were taken by the owners in the backyard of this property). From your own dock, enjoy fishing, paddleboarding, canoeing and swimming. And for you boaters, there is a 9, 000 pound boat lift. From your backyard, by boat, it is a scenic half hour ride to Tampa Bay.

The location of this property is ideal. You will be 15 minutes from downtown St. Petersburg which is full of amazing restaurants and shops, not to mention the new Pier. Also, you will only be 15 minutes from Tampa International Airport and only 22 minutes to beautiful St. Pete Beach.

Riviera Bay has a new park that is a 15 minute walk (1 mile) away. There are walking trails, outdoor exercise equipment, tennis and basketball courts, playground and pavilions for parties.

The neighborhood has many community events. Most well known is the annual Christmas Eve boat parade. You can sit on your dock and watch it because it comes right through the cove every year.

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 61 x 142
  • Laundry: Inside, Laundry Room
  • Style: Mid-Century Modern
  • Year Built: 1956
  • Garage: Covered, Golf Cart Garage
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,623
  • Acreage: 0.2
  • Lot Size: 61 x 142
  • Est. Taxes: $2,581
  • Lot Desc: Flood Insurance Required, FloodZone, City Lot
  • View: Water
  • Elem. School: Sawgrass Lake Elementary-PN
  • Middle School: Meadowlawn Middle-PN
  • High School: Northeast High-PN
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • MLS#: U8203220
  • Days on Market: 401 days
  • Website: https://www.raveis.com
    /prop/U8203220/32787thavenuen_stpetersburg_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/29/2024 5:47:09 PM)
Listing courtesy of Coastal Properties Group   Phone: 727-493-1555

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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327 87th AVENUE N, St. Petersburg, FL, 33702

$600,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $480,000 $480,000 $480,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.512% 6.273% 5.248%
Monthly Tax Payment $215 $215 $215
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,995 $2,917 $3,793
Total Monthly Payment $3,302 $3,224 $4,100

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.