by Global Lifestyle Properties

See Home Value
$675,000
● House - Off Market

550 59th AVENUE

ST PETE BEACH, FL 33706
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,773 Ft²
$4,115
Est. Monthly
4.51%
Cap Rate

About This Property

Discover an extraordinary opportunity to create your dream home on St. Pete Beach's coveted waterfront. This prime property offers a blank canvas, perfect for developers, investors, or anyone seeking to build a custom retreat in one of Florida's most desirable locations. Currently, a 3,300 sq ft two-story home with a pool sits on the lot, but the true value lies in the location and potential for redevelopment. Due to flooding from Hurricane Helene and FEMA's 50% rule, the existing structure is designated for new construction, opening the door for a fresh start with a design that capitalizes on the stunning views and idyllic surroundings. Imagine creating a luxurious coastal sanctuary with water views, premium finishes, and every amenity for an unmatched Florida lifestyle. This property previously featured a unique, pie-shaped 25-foot dock, which sustained damage but has the potential to be rebuilt, offering easy access to boating, fishing, kayaking, and paddleboarding. Located just minutes from St. Pete Beach's sandy shores, upscale dining, boutique shopping, and vibrant cultural scene, this lot provides boating access to the Intracoastal Waterway, Tampa Bay, and the Gulf of Mexico, making it an ideal site for those who want to embrace waterfront living. With the freedom to build a home perfectly suited to your vision, this property represents a rare chance to invest in a lifestyle where every day feels like a vacation. Being sold as-is; current structure unsuitable for rehabilitation. Take the first step toward crafting your paradise by scheduling a viewing today - this waterfront gem awaits your inspiration!
Unit Size
2,773 Ft²
Days on Market
99 days
Land Size
0.20 acres
Price per sqft
$270
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #A4628711)

Price History

Date / Event Date Event Price
Feb 21, 2025 Sold
Sold
Jan 24, 2025 In contract -
In contract
Jan 10, 2025 Price Decreased $750,000
↓ $100K (11.8%)
Price Decreased
Nov 14, 2024 Listed by EXP REALTY LLC $850,000
Listed by EXP REALTY LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 2
  • Interior Walls Type: 17
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 128

    Dimensions

  • Lot Size Square Feet: 8,507
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,311
  • Gross Building Area: 3,311
  • Building Area: 2,773
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,773
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAHIA SHORES 2ND ADD
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BAHIA SHORES 2ND ADD LOT 29

Neighborhood

  • School District Name: Pinellas County School District
  • School Tax School District: 0009, 0010
  • Census Tract: 028005

Geography

  • Assessors Map Reference: 276
  • Account Number: R349736
  • District: SPB
  • Subdivision Tract Number: 2358
  • Parcel: 31-31-16-02358-000-0290
  • Lot: 29
  • Meridian: SEC 31 TWN 31S RNG 16E
  • Municipality: ST PETE BEACH
  • Latitude: 27.7348
  • Longitude: -82.7398

    Address

  • Full Address: 550 59th Ave
  • Address - House Number: 550
  • Address - Street Name: 59th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: St Pete Beach
  • Carrier Code: C018
  • 4-Digit Zip Code: 2216
  • Zip Code: 33706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $514,274
  • Tax Rate Code Area: SPB

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 1,491,112
  • High Value: 1,776,638
  • Low Value: 1,205,587

    Market Valuation

  • Market Total Value: $908,184
  • Market Land Value: $680,592
  • Market Improvement Value: $227,592

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $352,876

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bahia Shores


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Frequently Asked Questions

When was property at 550 59th Avenue built and last sold?
The property at 550 59th Avenue was built in 1974 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 550 59th Avenue is $0.
What are some comparable homes to 550 59th Avenue?
There are currently no comparable homes to 550 59th Avenue.