Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

5407 PALI WAY

Lots/Land For Sale
$1,499,000

BTC: 18.06024096

ETH: 616.36513158

3 days
Waterfront
0 room(s)

Overview

Virtually Staged. RARE WATERFRONT HOMESITE | BRIGHTWATER BEACH ESTATES | ST. PETE BEACH 5407 Pali Way | St. Pete Beach, Florida An extraordinary opportunity to build your dream waterfront estate in Brightwater Beach Estates, one of St. Pete Beach's premier waterfront communities! This exclusive enclave of approximately 100 homes, all waterfront, offers an exceptional coastal lifestyle in one of the area's most desirable neighborhoods. Situated on a protected waterfront homesite with breathtaking, wide-open water views, this approximately 12,018-square-foot property provides the perfect setting for a magnificent custom luxury residence. Enjoy the tranquility of protected waters, spectacular waterfront vistas, and the ultimate Florida boating lifestyle. THE BEST OF BOTH WORLDS — BEACH AND BAY! Just across Gulf Boulevard, enjoy convenient access to the sugar-white sands and sparkling Gulf waters of St. Pete Beach. Spend your mornings strolling along the beach, afternoons boating from your waterfront paradise, and evenings enjoying spectacular coastal sunsets. Here, you truly have the best of beach and bay living, offering coastal living at its finest! A TREMENDOUS HEAD START ON BUILDING YOUR DREAM HOME! The seller has completed a Phase I ground study and has a complete set of professionally prepared architectural building plans ready to move into the permitting phase. These valuable plans and studies may convey with an acceptable offer, potentially saving considerable time and expense in the design and planning process. Adding even greater value, an existing swimming pool is already in place, and the seller has obtained a quote of approximately $50,000 to remodel and incorporate the pool into the new home design, subject to necessary approvals. This presents a wonderful opportunity to create a spectacular waterfront outdoor living space while utilizing an existing improvement. Ideally located near exceptional dining, shopping, entertainment, and vibrant downtown St. Petersburg, Brightwater Beach Estates combines exclusive waterfront living with convenient access to everything the Tampa Bay area has to offer. Protected waterfront. Wide-open water views. Beach access across Gulf Boulevard. Existing swimming pool. Completed Phase I ground study. Architect-designed plans ready for permitting. Rarely does an opportunity arise to create your own custom waterfront masterpiece in such an exceptional location, where the beauty of the beach meets the luxury of waterfront living.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.27 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,350,000
$299K – $1.9M
Confidence Low
List vs. estimate
$149K above estimate
List $1,499,000 · +11.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$30,358
2025
View
Pool, Water
Waterfront
Bay/Harbor, Intracoastal Waterway
Pets
Allowed
All facts and features
  • Lot

    • Lot: 0.27 Acres

    Other Property Information

    • Parcel Number: 063216114120030110

  • Type and style

    • Property Type: Land

  • Utility

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA Frequency: Annually

    • Annual tax amount: $30,358

  • Source details

    • MLS ID: TB8558559

    Other facts

    • Direction Faces: Southwest

    • Waterfront: Yes

    • Water Body Name: BOCA CIEGA BAY

    • Water Source: Public

    • Lot Size Dimensions: 104 x 115

    • Subdivision Name: BRIGHTWATER BEACH ESTATES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

For Sale
$1,249,000
House
3 bds · 2 ba · 1,344 sqft
PASADENA ISLE, SOUTH PASADENA
7160 S S, SHORE DR DRIVE
New
For Sale
$1,790,000
House
3 bds · 3 ba · 2,378 sqft
SOUTH CAUSEWAY ISLE YACHT CLUB 3RD ADD, ST PETERSBURG
7982 11TH AVENUE S
New
For Sale
$1,325,000
House
3 bds · 3 ba · 2,810 sqft
PASADENA ON THE GULF SEC B, ST PETERSBURG
6930 BOUGAINVILLA AVENUE S
New
For Sale
$1,299,000
House
2 bds · 2 ba · 1,610 sqft
ST PETERSBURG BEACH NORTH UNIT 3, ST PETE BEACH
529 80TH AVENUE
New
For Sale
$1,575,000
House
4 bds · 2 ba · 2,079 sqft
THREE PALMS POINT, ST PETE BEACH
650 64TH AVENUE
For Sale
$1,395,000
Lots/Land
1.64 acres
BROOKWOOD 1ST ADD, SOUTH PASADENA
6740 PARK STREET S
For Sale
$1,340,000
House
3 bds · 2 ba · 1,943 sqft
THREE PALMS POINT, ST PETE BEACH
6410 3RD PALM POINT
For Sale
$1,079,000
Condo/Co-op
2 bds · 2 ba · 1,339 sqft
ART HOUSE A CONDOMINIUM UNIT 2208, ST PETERSBURG
275 1ST AVENUE SOUTH UNIT 2208

Market around this address

Live counts in the same area.
View all

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY