This exceptional two-story waterfront residence offers 2,655 heated square feet of living space and presents a unique opportunity for customization. The property was affected by Hurricane Helene, resulting in flooding; however, the drywall has been professionally removed, and the structure thoroughly dried, providing a blank canvas ready for your vision. According to FEMA guidelines, the existing structure can be retained with improvements permitted up to $188,749 under the 49% rule. Prior to the storm, this home was meticulously maintained by the same owners for over 50 years and featured numerous updates, including two brand-new HVAC systems and a roof installed in 2017. The residence boasts formal living and dining rooms, creating an inviting atmosphere for entertaining. A distinctive circular staircase leads to an expansive loft area, suitable for a home office, playroom, or media room. The recently updated kitchen is equipped with granite countertops and elegant cabinetry, offering a functional space for culinary endeavors. Adjacent to the spacious laundry room is a convenient half bath, enhancing the home's practicality. The grand entrance foyer further adds to the welcoming ambiance. Experience serene waterfront living with a quick boat ride to the open waters of Tampa Bay. The property includes a newer seawall and dock, ideal for boating enthusiasts or peaceful relaxation by the water. An expansive 40-foot lanai provides a picturesque setting for entertaining or enjoying morning coffee while taking in the tranquil water views. Conveniently located near the Howard Frankland Bridge and Carillon Parkway, this home offers easy access to both downtown St. Petersburg, approximately a 20-minute drive, and Tampa. Proximity to shopping centers, fine dining, and local attractions enhances the appeal of this property. This residence represents a rare opportunity to own a waterfront home with significant potential. Whether you choose to restore and personalize the existing structure or undertake a complete rebuild, the possibilities are extensive. Don't miss the chance to make this waterfront property your own. Contact us today to schedule your private tour and explore the exceptional lifestyle this home offers.