Listing Details for MLS # TB8364676
702 Pass A Grille Way, St Pete Beach, Fl 33706

Residential Property - Single Family Residence in St Pete Beach

Listing Price: $3,899,900Days on Market: 7

Description of Property

Experience the ultimate in coastal living and investment potential with this charming 644-square-foot home in Historic Pass-A-Grille. Currently operating as an income-producing short-term rental, this one-bedroom, one-bathroom property offers not only immediate returns but also unmatched future value. Located at 702 Pass-A-Grille Way, the true opportunity lies in its redevelopment potential. Zoned to accommodate up to 17 multifamily units, this expansive lot is directly across from the serene Intracoastal Waterway and just a 45-second walk to the world-renowned Pass-A-Grille Beach, consistently ranked among the best beaches in the country and the world. Beyond the stunning waterfront views, you’re steps from 8th Avenue — celebrated as "the shortest Main Street in America flanked by water." Here, charming local restaurants, boutique shops, and the iconic Merry Pier offer an authentic taste of beachside living. For city amenities, downtown St. Petersburg is a quick drive away, featuring vibrant arts, award-winning dining, and thrilling sports events with the Tampa Bay Rays, Rowdies, and Lightning. Tampa International Airport is conveniently located just 35 minutes away, providing seamless access for vacationers and frequent travelers alike. Whether you're looking to continue generating rental income or unlock the property's full potential with a lucrative redevelopment project, this Pass-A-Grille gem presents an extraordinary opportunity to own a piece of Florida's beloved Gulf Coast.The average asking price for a 1 bedroom/1 bath single family residence in this Zip code is $1,076,317. This single family residence is listed at about 362% of the average asking price. This is the only 1 bedroom/1 bath single family residence between $3,400,000 and $4,400,000 currently listed for sale in this Zip code.