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$1,850,000

Beds
4
Baths
3.0
sq ft
3,200

1505 Sea Gull Dr S, Saint Petersburg, FL 33707

1505 Sea Gull Dr S

SAINT PETERSBURG, FL 33707

  • 96 days on market
    • Price drop $750,000↓
This home was damaged during the storms but is READY for you to make this YOUR DREAM WATERFRONT home. Before & After Pictures are listed. With a total of 4 Beds and 3 Baths, this home has room for all that you've been dreaming about. The main home is a 3 Bed/2 Bath, with a 1 Bed/1 Bath AirBNB Apartment/Mother-In-Law Suite. The AirBNB has it's own private entrance and can be rented short term or used for a beloved family member. 1505 Sea Gull Dr S sits on the deep water open waters of Boca Ciega Bay and the Intracoastal with almost 180 degrees of water views! In the FAMILY ROOM the expansive windows flood the interior with natural light, accentuating the open-concept layout and seamlessly blending indoor and outdoor living. With a stone fireplace for the cold evenings, and jaw-dropping views over the water - this may be your favorite inside gathering spot. The PRIMARY Bedroom offers tranquil solace with water views from the comfort of bed. The Spa-like Primary Bath Shower for 2 has a 3rd (Rain Shower) head for extra indulgence. The Walk In Closet offers plenty of space for your special things. Recently installed (2023) HURRICANE WINDOWS throughout the home allow the light, and offer safety by protecting you and your investment. Other important updates include: ROOF-2016, Seawall-2021 and the ELECTRIC & PLUMBING (updated within the last 10 years). Status of electric and plumbing after storms is unknown as they have not been used much but lights are working. The AirBNB/Mother-in-Law Suite is just as comfortable as the main home with it's own full KITCHEN & BATH. The sellers' Airbnb income paid their mortgage! Both Kitchens and 3 Baths need renovating - but showers/tub look like they can be kept as is. This VIEW and Water Access is UNTOUCHABLE. The way the home is situated, you can enjoy watching the SAME SUN "RISE & SET" from your own backyard! The world renowned Don CeSar sits just in the distance across the Bay. Whether you're in the water playing, fishing on the boat or sitting by the firepit with a glass of wine watching the Dolphins and Manatees play - this backyard is ready to welcome you! The dock can be made the way you want as it needs to be rebuilt, pilings are there. The seawall was installed and engineered for a POOL, ask for the plans if you'd like to see the sellers' idea. Be at the beach within minutes - or bustling Downtown St Petersburg in 15 minutes and Downtown Tampa and Tampa International Airport is only 30 minutes away.

Details

Property type

Single Family Residence

Est. home value

$1,329,922

Property condition

Fixer

Lot size

0.47 acres

Price per sq ft

$579

Year built

1958

Annual property taxes

$160.42

HOA

No

Price History

12/19/2024
StellarMLS

StellarMLS #TB8304356

Price change
$1,850,000
-28.85%
10/01/2024
StellarMLS

StellarMLS #TB8304356

Removed
$2,600,000
09/17/2024
StellarMLS

StellarMLS #TB8304356

Listed
$2,600,000
-7.14%

Schools & Community

Elementary school: 

Bear Creek Elementary-PN

Middle school: 

Azalea Middle-PN

High school: 

Boca Ciega High-PN

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,046,686
Asking price
$1,850,000
Closing costs (~8% of asking)
-$148,000
Est. remaining loan balance
-$655,314
Cash to seller
$1,046,686

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

February 2021

Original loan amount

$718,402

Est. remaining balance

$655,314

Interest rate

2.67%

Loan type

VA, 30 year

Seller

Allen Cohen and Carol Cohen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 10:40 AM

Listing updated: 12/20/2024 at 12:54 PM

Listed by: Kelly Ackley, PREMIER SOTHEBY'S INTL REALTY Phone #: (727) 595-1604

MLS: StellarMLS #TB8304356

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