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487 PINELLAS BAYWAY S UNIT 207

Townhouse For Sale
$949,000

BTC: 11.79174950

ETH: 390.21381579

-$250K (2026/09/17)
169 days
4 bds
3 ba
2,970 sqft

Overview

PRICE REDUCED....AGAIN! Tucked into Tierra Verde, this property gives you that “I’m on vacation” feeling the moment you arrive. Set along the new bike path and just minutes from Fort De Soto Park/Beach and Pass-a-Grille beach, this unit is an easy choice for anyone who wants to be close to the water without giving up everyday convenience. The main townhome offers 3 bedrooms and 2.5 bathrooms, with a layout that feels both open and practical. The kitchen was thoughtfully renovated with upgraded cabinet storage in mind, including pull-out shelving that makes organizing and accessing everything much easier. The primary bedroom includes a 3rd floor loft-style bonus space—perfect for a home office, reading nook, extra storage, or even a tucked-away sleeping area. Upstairs, the third bedroom has an additional flex space that could be used as storage or potentially expanded into another bathroom. There's even the ability to add an elevator if your heart desires! Out back, there’s a covered patio that works well for relaxing or entertaining year-round, along with a mature cactus garden featuring unique species—including dragonfruit cactus that will produce fruit. Above the detached two-car garage, there’s a separate 1-bedroom, 1-bath apartment. Whether you use it for guests, extended family, or an office/work space, it adds a lot of flexibility to the property. The home has been well cared for by its original owners and includes thoughtful updates like a newer roof (about a year old), a reverse osmosis system under the kitchen sink, and a whole-house water softener. The community pool sits right on the water, making it an easy spot to unwind at the end of the day. And for peace of mind—this property had no flooding or damage from recent storms, including Helene and Milton. If you’ve been looking for a place that blends coastal living with versatility and solid upkeep, this one is worth a closer look.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1995
Lot:
0.09 Acres
Heating:
Central / Electric
Price/sqft:
$320
Cooling:
Central Air
HOA:
$1,500

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,325,000
$1.0M – $1.6M
Confidence Low
List vs. estimate
$376K below estimate
List $949,000 · -28.4%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$319
+3.3% vs. city median $309
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,961
2025
HOA
$1,500/qtr
Cable TV, Common Area Taxes, Community Pool
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Luxury Vinyl

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Dryer

    • Kitchen Reverse Osmosis System

    • Microwave

    • Range

    • Refrigerator

    • Washer

    • Water Softener

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • PrimaryBedroom Upstairs

    • Solid Wood Cabinets

    • Stone Counters

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 3

  • Property

    • Levels: Three Or More

    • Exterior Features: Awning(s) / Balcony / Courtyard / Rain Gutters

    Lot

    • Lot: 0.09 Acres

    Other Property Information

    • Parcel Number: 203216113520000140

    • Zoning: RM-15

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Townhouse

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $1,500

    • HOA Frequency: Quarterly

    • Annual tax amount: $2,962

  • Source details

    • MLS ID: TB8505494

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Patio And Porch Features: Rear Porch / Screened

    • Direction Faces: Northwest

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2970

    • Water Source: Public

    • Subdivision Name: BRIDGEWATER TWNHMS

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

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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: KELLER WILLIAMS TAMPA CENTRAL