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720 BOCA CIEGA ISLE DRIVE

House For Sale
$1,389,900

BTC: 17.08333333

ETH: 571.50493421

-$60K (2026/10/07)
57 days
Waterfront
3 bds
2 ba
2,046 sqft

Overview

Outstanding Waterfront Redevelopment & Restoration Opportunity! Rarely available, this exceptional waterfront property is located on Boca Ciega Isle in the heart of St. Pete Beach, offering a premier coastal setting with direct access to Boca Ciega Bay. Situated on a 50' x 136' waterfront lot, the property encompasses approximately 6,800 square feet of land and features approximately 50 feet of seawall. With its desirable waterfront orientation, exceptional views, and Gulf accessibility, this is a remarkable opportunity for a builder, developer, investor, or buyer looking to create a truly distinctive waterfront residence. The original 3-bedroom, 2-bathroom home, approximately 2,046 square feet, sustained flooding during Hurricane Helene. With an updated appraisal, the property qualifies for restoration under FEMA’s 49% rule, presenting a unique opportunity to restore, renovate, or potentially rebuild a custom waterfront home tailored to today's lifestyle. The location is what truly sets this property apart. Positioned on Boca Ciega Bay, the property offers direct water access, approximately 50 feet of waterfrontage, Gulf accessibility, and extraordinary waterfront views—all in one of the most sought-after coastal communities in the St Pete area. Whether you're a seasoned developer, builder, investor, or discerning buyer searching for a rare waterfront project, this property offers an exceptional combination of location, waterfront access, redevelopment potential, and lifestyle. Opportunities of this caliber are increasingly difficult to find. Bring your vision, capitalize on the potential, and create something extraordinary on Boca Ciega Isle.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1948
Lot:
0.16 Acres
Heating:
None
Price/sqft:
$679
Cooling:
None
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$899,500
$638K – $1.6M
Confidence Low
List vs. estimate
$490K above estimate
List $1,389,900 · +54.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$679
+16.6% vs. city median $582
Based on
12 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,873
2024
View
Water
Waterfront
Bay/Harbor, Intracoastal Waterway
All facts and features
  • Flooring

    • Other

    Heating

    • None

    Cooling

    • None

    Appliances

    • None

    Other interior features

    • Open Floorplan

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 063216095940010200

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Other

  • Other financial information

    • Annual tax amount: $2,873

  • Source details

    • MLS ID: TB8540357

    Other facts

    • Construction Materials: Block / Other

    • Foundation Details: Other / Stem Wall

    • Laundry Features: None

    • Direction Faces: Northwest

    • Waterfront: Yes

    • Living Area: 2046

    • Water Source: Public

    • Lot Size Dimensions: 50 x 136

    • Subdivision Name: BOCA CIEGA ISLE

Private inquiry
Talk to the advisor on this listing.
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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: PINEYWOODS REALTY LLC