St. Pete Homes with Canal Front Frontage

Welcome to St. Pete, a charming subdivision nestled in the heart of Kenneth City, Florida, within the vibrant Pinellas County. This hidden gem offers a unique blend of suburban tranquility and coastal allure, making it a perfect destination for those seeking a serene lifestyle with easy access to the bustling energy of nearby St. Petersburg.

One of the standout features of homes in St. Pete is their breathtaking canal front frontage. Imagine waking up each morning to the gentle sounds of water lapping against your dock, with stunning views right from your backyard. These properties not only provide direct access to the water for boating and fishing enthusiasts but also create a picturesque setting for relaxation and entertaining.

St. Pete boasts a friendly community atmosphere, where neighbors become friends, and local events bring everyone together. The subdivision is conveniently located near parks, shopping centers, and dining options, ensuring that you have everything you need right at your fingertips. With the beautiful beaches of the Gulf Coast just a short drive away, residents can easily indulge in sun-soaked weekends or evening strolls along the shore.

Whether you’re a first-time homebuyer, a retiree looking for a peaceful retreat, or an investor seeking a lucrative opportunity, St. Pete offers a variety of homes that cater to diverse lifestyles. Explore the charm of canal front living in this delightful community, where every day feels like a vacation. Discover your dream home in St. Pete today and embrace the coastal lifestyle you’ve always desired!

Newest St. Pete Homes with Canal Front Frontage

$975,000

9 Beds ⋅ 6 Baths ⋅ St. Pete SubDv. ⋅ 33709 Zip Code

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

5050 74th Street N Unit 1, St Petersburg

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