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$7,500,000

Beds
5
Baths
7.5
sq ft
9,722

2020 Brightwaters Blvd NE, Saint Petersburg, FL 33704

2020 Brightwaters Blvd NE

ST PETERSBURG, FL 33704

  • 229 days on market
    • Price drop $400,000↓
HIGH & DRY, no flooding from Helene or Milton. Two stories of full concrete block construction from slab to ceiling and a newer 2018 hurricane protected tile roof provide the pinnacle of protection and safety for this magnificent waterfront estate. Picture this: imagine driving through a majestic, gated entry, greeted by an avenue of towering palm trees leading to a Grand Mediterranean masterpiece that redefines grandeur. Welcome to 2020 Brightwaters, an architectural marvel on Snell Isle Harbor, the best waterfront location anywhere on Snell Isle. Thoughtfully nestled on a half-acre waterfront lot in St. Petersburg, FL, this is a statement of luxury, privacy, and unparalleled elegance. The heart of the estate is a resort-style oasis featuring a colossal 102 feet of water frontage, a pebble tech heated saltwater pool and spa, with a summer kitchen and cabana designed for unforgettable memories. The home is perfectly positioned to the southwest, allowing for mesmerizing views of Downtown St. Pete across the enchanting waters of Snell Harbor. This is a protected deep saltwater harbor with unmatched direct access to Tampa Bay, making it the most desirable waterfront location in Snell Isle. Transcending the notion of a mere home with an exquisite and exciting blend of timeless design and opulance, this Italian-inspired palace stands as a testament to coastal luxury living, offering a lifestyle of serenity and sophistication. From the moment you enter the grand foyer adorned with bespoke millwork, the grand staircase ascends the soaring 20’ ceiling like a work of art, setting the tone for the elegance that awaits within. Sweeping views of Snell Harbor and Downtown St. Pete serve as the backdrop to the expansive 10,000 square feet of living space. Steeped in Hollywood Royalty, this illustrious property was ushered into the twenty-first century with unparalleled attention to detail by renowned builder, Jeff Wolf. This residence boasts five (5) ensuite bedrooms, six (6) bathrooms with three (3) powder rooms, a separate full-service custom bar with a 14’ mahogany bar top and floor-to-ceiling glass overlooking the pool and harbor. The executive chef’s kitchen is sure to impress with gold standard updates and appliances from Subzero and Viking. Immerse yourself in the excitement of a state-of-the-art eight seat movie theater with custom paintings. The luxurious primary owner's retreat spans the entire south wing of the second floor and is the perfect sanctuary for relaxation with a spa-like bath, two oversized walk-in closets that include custom-curated cabinets, and a salon. A full private staff quarters also double as an in-law suite complete with a kitchen, walk-in closet, full bath, and private entrance. Enjoy further convenience and accessibility by way of the home's commercial rated 2,000 lb. elevator with mahogany-lined walls and chandelier. Other amenities include a gym with a full sauna, spa room, and billiards game room. This isn’t just another generic spec built McMansion; it is a distinct custom built haven dripping in luxury and refinement. The elegant dining room complete with prep area and butler’s pantry will thrill your dinner guests. For boaters, you will specifically enjoy the protection of Snell Isle Harbor. Situated less than 10 minutes away from vibrant Downtown St. Pete and a convenient drive to Downtown Tampa and the Tampa International Airport, this location offers the utmost in convenience and accessibility.

Details

Property type

Single Family Residence

Est. home value

$12,825,166

Lot size

0.44 acres

Price per sq ft

$772

Year built

1995

Annual property taxes

$103,800

HOA

No

Price History

10/25/2024
StellarMLS

StellarMLS #U8235529

Price change
$7,500,000
-5.06%
09/04/2024
StellarMLS

StellarMLS #U8235529

Price change
$7,900,000
-6.51%
08/12/2024
StellarMLS

StellarMLS #U8235529

Price change
$8,450,000
-5.06%

Schools & Community

Neighborhood: 

Snell Isle

Elementary school: 

North Shore Elementary-PN

Middle school: 

John Hopkins Middle-PN

High school: 

St. Petersburg 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

$5,136,670
Asking price
$7,500,000
Closing costs (~8% of asking)
-$600,000
Est. remaining loan balance
-$1,763,330
Cash to seller
$5,136,670

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

July 2018

Original loan amount

$1,987,500

Est. remaining balance

$1,763,330

Interest rate

4.56%

Loan type

New Conventional, 30 year

Seller

Van A Fagan and Rhonda H Shear Fagan

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?

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Status: Active

Tomo last checked: 11/05/2024 at 2:50 PM

Listing updated: 10/25/2024 at 1:54 PM

Listed by: Justin Smith, SMITH & ASSOCIATES REAL ESTATE Phone #: (727) 342-3800

MLS: StellarMLS #U8235529

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