4628 CYPRESS WAY S

Under contract-accepting backup offers. Welcome to an exceptional investment opportunity in St. Petersburg! Nestled in the charming Bonita Bayou neighborhood, this property presents numerous options for the savvy investor. Designed by renowned Pinellas architect and developer Glen Q. Johnson, known for his distinctive "birdcage" houses in Pinellas Point and contributions to schools, shopping centers, and the Judicial Building near Mirror Lake, this expansive 4 bedroom, 3.5 bathroom home spans over 4,700 square feet and sits on a double lot, offering almost half an acre of potential. Whether you're looking to rehab and restore this home to its original art deco era glory, tear down and build two homes, or craft your own dream estate, the possibilities are endless. The home also features a spacious in-law suite with one bedroom, one bathroom, and 816 sq ft, over the 3-car garage, providing flexibility and additional living space. With great bones awaiting your vision, this property is ripe for transformation into a dream home. Spanish tiles adorn the main living area, adding character and charm to the space, while high ceilings and wooden beams throughout give it a rustic feel. Outside, you'll find the perfect entertaining area with a spacious backyard hosting a large in-ground pool and spa, perfect for relaxation and entertaining amidst the Florida sunshine. Bonita Bayou offers residents a suburban feel with nearby bars and parks. As a boating community, residents have access to a marina and boat launch, providing easy access to the water. Quick drives to Gulf beaches, Downtown St. Pete with its local restaurants and bars, Tropicana Field, and the iconic Pier ensure endless opportunities for entertainment and leisure. Don't miss your chance to seize this incredible investment opportunity in one of St. Petersburg's most sought-after neighborhoods. Schedule your showing today and unlock the potential of this remarkable property!