5127 Caesar Way South

St. Petersburg FL 33712

2771 sq. ft.

9387 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Virtually Staged. HOUSE-HACK OPPORTUNITY IN LAKEWOOD ESTATES! This versatile St. Petersburg pool home offers a rare combination of space, privacy, and income-producing potential with a separate guest/in-law suite featuring its own kitchen and mini-split system. Live in the main residence while renting the private suite to help offset your monthly mortgage, use it for extended family or long-term guests, or take advantage of the flexible layout to fit your needs. Offering 5 bedrooms, 3 bathrooms and a 2-car garage, the home is currently configured as a spacious 4-bedroom, 2-bath main residence plus a private 1-bedroom, 1-bath suite. The layout provides excellent separation between the two living spaces, making it especially attractive for multi-generational living or buyers looking for additional rental income. The main home features multiple living areas, including a spacious front living room and large rear family room with a wood-burning fireplace. The centrally located kitchen connects easily to the main living areas and provides a natural gathering space for everyday living and entertaining. Outside, enjoy your own private pool and fully fenced yard in the desirable Lakewood Estates neighborhood. Major improvements include a 2025 roof, 2024 HVAC, newer appliances and an irrigation system. The property is located in Flood Zone X with no history of flooding. Lakewood Estates is home to the St. Petersburg Country Club and is conveniently located near Maximo Park, Lake Vista Recreation Center, Boyd Hill Nature Preserve, Fort DeSoto, Gulf beaches and downtown St. Petersburg. Easy access to I-275 and the Skyway Bridge makes commuting throughout Tampa Bay and toward Bradenton and Sarasota convenient. Whether you're looking for a primary residence with additional space, a multi-generational setup, or the opportunity to generate rental income and significantly offset your housing expenses, this home offers flexibility that's increasingly hard to find in St. Petersburg.