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$4,950,000

Beds
5
Baths
4.5
sq ft
5,144

420 Coffee Pot Riviera NE, Saint Petersburg, FL 33704

420 Coffee Pot Riviera NE

ST PETERSBURG, FL 33704

  • 123 days on market
    • Price drop $300,000↓
    • Open house Nov 10
MOTIVATED SELLER! No flooding. Ready for immediate occupancy. Can be sold furnished. All furnishings new from Restoration Hardware, Arhaus, and Timothy Oulton. Brand new roof on order. Available for Lease as well. Welcome to this exquisite estate on Coffee Pot Riviera, a half-acre lot on a protected inlet of Tampa Bay. Right away you are drawn to the vine-inspired wrought iron gates making a striking first impression to the property's entrance. The overall style of the home pulls together unique architecture elements of organic, nature-inspired design. A jaw dropping grand entrance blends a functional structure requirement with a creative artistic design of columns that resemble the natural form and texture of trees allowing this three-story open living space to seamlessly integrate with the waterfront landscape. The tongue-and-groove ceiling of this space is reminiscent of a boat's hull, which enhances the spacious, open airy feel of the home, like the feeling of being on a luxury yacht. Bringing this all together, creates a magnificent three-story wall of windows flooding the house with natural light, offering views of the water and creating a seamless connection between the indoor and outdoor spaces. It’s simply stunning! Next you are drawn to the expansive outdoor area which was carefully designed to provide much-needed shade and comfortable, covered living space that connects beautifully to the extra large backyard, large infinity pool and waterfront. A grandfathered boat house offers a rare and valuable feature to protect your watercraft. Everything has been updated and enhanced by the current owners with the addition of new flooring throughout, updated bathrooms and kitchen. An added bonus is the primary bedroom being on the first floor as well as another bonus room that could be used as a bedroom with a full bath, media room or office. The other guest bedrooms are all on the second floor. A four car garage (two have been converted to a gym) gives you the flexibility for extra cars or a workout space. This sophisticated design combined with Florida's tropical landscape will give you a luxurious yet comfortable living experience in the heart of fabulous St Pete!

Details

Property type

Single Family Residence

Est. home value

$5,027,680

Lot size

0.55 acres

Price per sq ft

$963

Year built

1996

Annual property taxes

$45,000

HOA

Yes

Price History

10/23/2024
StellarMLS

StellarMLS #U8248639

Price change
$4,950,000
-5.71%
10/02/2024
StellarMLS

StellarMLS #U8248639

Listed
$5,250,000
08/27/2024
StellarMLS

StellarMLS #U8248639

Removed
$5,250,000

Schools & Community

Neighborhood: 

Snell Isle

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

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

$2,959,067
Asking price
$4,950,000
Closing costs (~8% of asking)
-$396,000
Est. remaining loan balance
-$1,594,933
Cash to seller
$2,959,067

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2020

Original loan amount

$1,922,100

Est. remaining balance

$1,594,933

Interest rate

3.6%

Loan type

New Conventional, 20 year

Seller

Kenneth Wilson and Tracey Wilson

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 2:40 PM

Listing updated: 11/05/2024 at 12:45 PM

Listed by: Sarah Howe, COMPASS FLORIDA LLC Phone #: (727) 339-7902

MLS: StellarMLS #U8248639

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