by RH Advisors

See Home Value
$2,575,000
House - Off Market

693 PONCE DE LEON DRIVE

TIERRA VERDE, FL 33715
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3722 Sqft
$16,071
Estimated Monthly
$40
HOA / Fees
0.78%
Cap Rate

About This Property

Welcome to one of the most unique and beautiful properties on the island paradise of Tierra Verde. Among this property's most outstanding features is its location on Tierra Verde's Grand Canal, widely considered to be the premier boating water on the Gulf Coast. The canal provides quick access to the Gulf of Mexico at one end, with no bridges, so you are out in the open water after leaving your dock in just moments, and at the other end of the canal, you'll find a vibrant resort marina, offering fuel, sundries, restaurants, hotel, swimming pool, and more. The Grand Canal truly is a boater's paradise. The home is situated on a secluded lot with exquisite tropical landscaping, featuring countless flowering trees and plants, palms, fruit trees, winding pathways, and an expansive lawn. It's one of the finest landscapes on the island, like having Sunken Gardens in your own backyard. Set back slightly from the waterfront, the home was designed to provide privacy for its residents, who can enjoy the fabulous resort-like yard or lounge by the pool, completely out of sight from the other Grand Canal residents and boaters passing by, yet, from the main entertaining and living areas, you get to enjoy water views through a tropical canopy. The home boasts the most coveted interior layout, a split floor plan, all on a single level, offering 4 bedrooms, 3 1/2 bathrooms, plus a sizable and gorgeous office, all within almost 4000 sqft of living space. The contemporary, open ambiance is at once sophisticated and relaxing. The chef's kitchen features top-end appliances, and the quartzite and lighted glass countertops are timeless and elegant, with a custom design that lends equally to elevated everyday living and gracious entertaining. The kitchen also features a separate wet bar and tons of storage, and the large, walk-in butler's pantry rounds out the kitchen's sense of luxury and day-to-day practicality.

Besides the beauty and elegance of its interior, this home has some vital and valuable features that set it apart from almost every other home. The new roof was installed along with an integrated solar system, fully owned, that reduces power bills to less than zero, and the home is also fully hurricane protected, with electronic hurricane shutters over every opening and superior wind mitigation for extreme peace of mind. The home also offers various mobility assistance features, including a lift in the garage, to carry a chair or just groceries up from the garage level to the main living level, ramped access between the pool deck and the main living level, a swing for spa access, and roll-in access to the luxurious primary shower. The newly refurbished dock features two slips, each with its own lift, one rated at 10,000 pounds and the other at 13,000 pounds. The dock is also the perfect place from which to launch Kayaks to explore the Grand Canal and surrounding waterways, and two Hurricane kayaks are included with the purchase of the home. With an outstanding collection of restaurants and services right here on the island, and the vibrancy of downtown St. Petersburg, with its museums, entertainment, restaurants, and nightlife, is about 10 minutes away. Plus, you've got quick access to multiple international airports, including TPA, PIE, and SPG. Tierra Verde is also the gateway to Ft. DeSoto, with its miles of pristine white sand beaches, hiking/biking/blading trails, and some of the best kayaking you'll ever encounter.
Unit Size
3,722Ft²
Days on Market
147 days
Land Size
0.49 acres
Price per sqft
$793
Property Type
House
Property Taxes
$1,545
HOA Dues
$40
Year Built
1996
Last updated: 5 months ago (Stellar MLS #U8206807)

Price History

Date / Event Date Event Price
Dec 12, 2023 Sold to Albert F Torres, Jennifer A... $2,575,000
Sold to Albert F Torres, Jennifer A...
Nov 11, 2023 In contract -
In contract
Oct 10, 2023 Price Decreased $2,950,000
↓ $545K (15.6%)
Price Decreased
Sep 16, 2023 Price Decreased $3,495,000
↓ $255K (6.8%)
Price Decreased
Jul 14, 2023 Listed by COMPASS FLORIDA LLC $3,750,000
Listed by COMPASS FLORIDA LLC

Property Highlights

Parking Available
Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Quality: A
  • Construction Type: Masonry
  • Building Style: Custom
  • Exterior Walls Type: Brick
  • Interior Walls Type: Other
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 792
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 21,667
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 500
  • Total Building Area: 5,278
  • Gross Building Area: 5,278
  • Building Area: 3,722
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,722
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TIERRA VERDE UNIT 1
  • Land Acres: 0.497
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TIERRA VERDE UNIT 1 4TH REP BLK D, LOT 3

Ownership

  • Current Owner : TORRES ALBERT F
  • Current Owner 2: KIRK JENNIFER ANNE
  • Previous Owner : JORDAN J CRAIG J
  • Previous Owner 2: JORDAN ELAINE
  • Owner Before Previous Owner: BUSSEY ROBERT N
  • Owner Before Previous Owner 2: BUSSEY ELENA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 26, 2024

Neighborhood

  • School District Name: Pinellas County School District
  • School Tax School District: 0011
  • Census Tract: 020106

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 297C
  • Account Number: R214710
  • District: TVF
  • Subdivision Tract Number: 90900
  • Parcel: 19-32-16-90900-004-0030
  • Block: D
  • Lot: 3
  • Meridian: SEC 19 TWN 32S RNG 16E
  • Municipality: TIERRA VERDE FIRE
  • Latitude: 27.6843
  • Longitude: -82.7266

    Address

  • Full Address: 693 Ponce De Leon Dr
  • Address - House Number: 693
  • Address - Street Name: Ponce De Leon
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Saint Petersburg
  • Carrier Code: C053
  • 4-Digit Zip Code: 2022
  • Zip Code: 33715

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,545
  • Tax Rate Code Area: TVF

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 2,713,684
  • High Value: 3,246,125
  • Low Value: 2,181,243

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PVT BANK, NA
  • First Open Lien Mortgage Recording Date: Dec 12, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Market Valuation

  • Market Total Value: $1,958,276
  • Market Land Value: $1,270,006
  • Market Improvement Value: $688,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,103,930

    Sales

  • Current Sale Contract Date: Dec 08, 2023
  • Current Sale Recording Date: Dec 12, 2023
  • Current Sale Transaction ID: 11918070505
  • Current Sale Price: $2,575,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 314652
  • Previous Sale Recording Date: Jun 02, 2015
  • Previous Sale Contract Date: Jun 01, 2015
  • Previous Sale Amount: $1,335,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PVT BANK, NA
  • First Mortgage Transaction Date: Dec 12, 2023
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
3,848 ft²
$637/ft²
$2,450,000 Aug 4, 2023
$2,450,000 Sep 15, 2023
$1,578/mo
Condo
3 Beds
4 Baths
2,721 ft²
$1,121/ft²
$3,050,000 Mar 3, 2023
$3,050,000 Sep 25, 2023
$2,313/mo
Condo
3 Beds
4 Baths
2,721 ft²
$1,016/ft²
$2,765,000 Apr 16, 2023
$2,765,000 Dec 7, 2023
$1,728/mo
House
4 Beds
3 Baths
2,584 ft²
$1,161/ft²
$2,999,111 Dec 6, 2023
-
$1,596/mo
Condo
4 Beds
4 Baths
3,126 ft²
$920/ft²
$2,875,000 Jul 8, 2023
-
$921/mo
Condo
4 Beds
4 Baths
3,126 ft²
$1,040/ft²
$3,250,000 Aug 3, 2023
-
-
Condo
4 Beds
4 Baths
3,126 ft²
$816/ft²
$2,550,000 Jul 8, 2023
-
-
Condo
4 Beds
4 Baths
3,126 ft²
$848/ft²
$2,650,000 Nov 28, 2023
-
-
Condo
4 Beds
3.5 Baths
3,126 ft²
$956/ft²
$2,990,000 Jul 14, 2022
-
-
Land
Loft
-
-
$2,375,000 Nov 10, 2023
-
$1,893/mo

About Tierra Verde


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Frequently Asked Questions

When was property at 693 Ponce De Leon Drive built and last sold?
The property at 693 Ponce De Leon Drive was built in 1996 and last sold on Dec 8, 2023 for $2,575,000.
How much is this home worth?
The estimated value of the home located at 693 Ponce De Leon Drive is $3,705,351.
What are some comparable homes to 693 Ponce De Leon Drive?
Homes that are comparable to 693 Ponce De Leon Drive include a house property at 441 3rd Avenue North, a condo property at 455 Pinellas Bayway South, a land property at 500 Barcelona Drive.

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