Under contract-accepting backup offers. PRICE IMPROVEMENT!! WATERFRONT OPPORTUNITY OFFERED FOR LESS THAN LAND VALUE!! This 3-bedroom, 2-bath solid block, pool home is situated on an oversized waterfront lot in the Shore Acres neighborhood of St. Petersburg. The home experienced flooding during Hurricane Helene however remediation has been completed and it’s now ready to renovate, refresh or rebuild. The interior has a very spacious and inviting layout with a split floor plan and excellent water views from almost every room in the house. The home features an impressive outdoor entertaining space along with a newer seawall, composite dock and boat lift with direct water frontage on Butterfly Lake and boating access out to Tampa Bay. The patio deck is brand new, and the crystal-clear swimming pool has been recently resurfaced and meticulously maintained. Enjoy the heated spa or unwind in the covered outdoor seating area. Lots of upgrades like impact rated sliders and recessed lighting throughout the home as well as a Generac whole-house generator with two large propane tanks. This property offers ample parking with a two-car garage and a large circular driveway, all surrounded by lush mature palms and tropical landscaping on a generous quarter-acre lot. Centrally located just minutes from Downtown St. Petersburg and the iconic St. Pete Pier, this home also offers easy access to the pristine Gulf Beaches and Tampa International Airport. The FEMA 50% Rule values the structure at $330,938 and the land at $651,175 allowing for up to $162,159 in repairs without requiring a new appraisal or appeal. The FEMA letter is attached in the MLS. The home is being sold as-is and no additional repairs will be made. Cash only!