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4718 Paradise Way S

St. Petersburg FL 33705

11783 sq. ft.
Land
Currently for sale - view listing

Overview

Short Sale. Short Sale. A rare chance to own and complete a one-of-a-kind waterfront estate—this striking new construction home stands as the tallest single-family residential structure in St. Petersburg, offering unobstructed 360-degree views of the bay, city skyline, and beyond. Please note: the home is currently a shell and not yet finished. Interior build-out is required, offering a blank canvas to bring your vision to life. Appraised As-Is at $3.8M (appraisal in hand), with a completed value exceeding $7M, this property presents tremendous upside for builders, investors, or end-users seeking to customize a luxury waterfront masterpiece. Constructed with ICF (Insulated Concrete Form) for superior strength and energy efficiency, the structure withstood two recent hurricanes without any water intrusion. Located on a deep canal with immediate open water access, the property features a concrete seawall and dock that can accommodate up to an 80-foot yacht. Just 10 minutes from Downtown St. Pete and minutes from Gulf beaches, this property offers elite boating access, breathtaking views, and the chance to create something truly iconic. Short sale—subject to bank approval.

Features

11783 sq. ft. lot size
Land

Property history for 4718 Paradise Way S

2022
Sold
$1,075,000
10 Jun 2022 by George Papadogeorgis, of FUTURE HOME REALTY INC
2019
Sold
$400,000
15 Feb 2019 by Jorge Zea, of BLUE LIGHTHOUSE REALTY INC
2018
Sold
$375,000
15 Nov 2018 by Francis Diaz, of FRANCIS J. DIAZ

Happy sellers in St. Petersburg

82%
82% of sellers in St. Petersburg reported that their sale price either exceeded or met their price expectations.

St. Petersburg stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in St. Petersburg over the last 12 months.

Local market activity for land plots in St. Petersburg

In the last 12 months, 19 land plots similar to 4718 Paradise Way S, have been sold.

This represents a 23% decrease in land plots sales when compared to the previous 12 months.

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