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Places This Week: A three-story waterfront home in Palm Harbor
A weekly roundup of notable local real estate news.
A three-story property in the Ozona Village neighborhood of Palm Harbor has entered the market for $1.195 million. Located at 160 Shore Drive, this two-bedroom, one-and-a-half-bath home sits on a protected canal with direct access to the Intracoastal Waterway. Built in 1975, it provides 3,196 gross square feet on a 0.38-acre parcel of land.
On the 1,087 square-foot main level is an open living area with a double-sided brick fireplace, a kitchen with granite countertops and soft-close cabinetry, one bedroom and one half-bath. Upstairs is the master bedroom and full bath across 664 square feet.
A finished lower level has been professionally waterproofed and fitted with a sump pump system. The 1,073 square-foot space includes a billiards room, a fitness area, laundry facilities and hidden storage.
Outside is 30 feet of salt water canal waterfront and a private dock with a 2,500-pound boat lift and a filtered rinse station.
Additional highlights include cathedral ceilings, hardwood floors, custom millwork, motorized blinds, hurricane-impact windows and sliders, separate climate control on each floor, a whole-house water softener system and two spacious balconies. The property is minutes away from beaches and the Pinellas Trail.
The home was last purchased in 2022 for $980,000. The listing is provided by Sarah Stone with Coastal Properties International.
4703 Park Street N., St. Petersburg. Photo: LoopNet.com.
Noah’s Art Sanctuary closes on property for Capybara Café
Noah’s Ark Sanctuary, a nonprofit animal rescue and rehabilitation center located in Hastings, Florida, closed June 13 on the purchase of 4703 Park Street N., St. Petersburg for $1.45 million, $45,000 below the asking price.
The 6,490 gross square-foot structure will be transformed into the Capybara Café, a new concept where guests can feed and interact with capybaras and other wildlife rescue animals. Expected to open July 11, this will be the organization’s second location following its debut in St. Augustine last October.
Situated on a 0.81-acre parcel of land, the one-story structure, built in 1975, has a customizable floor plan and state-of-the-art facilities. It provides 600 square feet of office space, and approximately 3,150 square feet of showroom and 2,500 square feet of warehouse space.
The building is solar powered and the property includes outdoor storage and ample parking.
The seller, under the registered name Park Property Ventures, LLC, acquired the property in 2019 for $475,000 and is financing the purchase with a $1 million mortgage.
Hal Holder and Betsy Shafer with Keller Williams Realty represented the seller.
4700 4th Street N., St. Petersburg. Photo: Crexi.com.
Two Applebee’s investment properties for sale
VEREIT Operating Partnership, L.P., a San Diego-based real estate investment trust, is individually selling two commercial properties, each with a free-standing Applebee’s restaurant.
4700 4th Street N., St. Petersburg is a 4,939 heated square-foot structure built in 1994. It sits on 1.12 acres of land with 70 parking spaces. The asking price is $5.414 million.
10911 Starkey Road, Largo is a 5,164 heated square-foot structure built in 1995. It is situated on a 0.90-acre parcel and provides parking for five vehicles. The asking price is $5.358 million.
Applebee’s holds NNN leases on both properties, each which commenced in 2013 and are set to expire in 2033. The leases provide six five-year options to renew with rent increases of one-percent annually.
The seller, under the registered name ARC CafeUSA001, LLC, purchased the St. Petersburg property for $6.29 million and the Largo property for $6.31 million – both in 2013.
William Wamble, Patrick Nutt and Jarrett Slear with SRS Real Estate Partners Tampa are representing the seller for both transactions.
231 21st Avenue, St. Pete Beach. Photo: Homes.com.
St. Pete Beach home sells
Following 156 days on the market, a three bedroom, four bath home with 66 feet of canal waterfrontage on St. Pete Beach sold June 16 for $2.3 million.
The 4,393 gross square-foot property, located at 231 21st Avenue, was built in 1963 and features three bedrooms and four full baths. A separate office could be transformed into a fourth bedroom.
The main open living area offers high ceilings, engineered hardwood flooring, a fireplace and a kitchen with granite countertops and white shaker-style cabinets. The primary suite on the second floor features a fireplace, a spacious walk-in closet, an oversized shower with separate tub and a private balcony overlooking the waterfront.
Outside is an attached two-car garage, an in-ground saltwater pool, hot tub and a waterfront dock with electricity and a boat lift.
The seller, represented by Andy Burwell and Scott Foster with Burwell Real Estate, purchased the home in 2020 for $1.74 million. Kathleen Livingston with Coastal Properties Group was the buyer’s agent.
300 8th Street N., St. Petersburg. Photo: Pinellas County Housing Authority.
Pinellas Housing Authority purchases Portland Apartments
The Pinellas County Housing Authority closed June 17 on the purchase of The Portland Apartments, a 68-unit building at 300 8th Street N., St. Petersburg, for a consideration of $8 million.
Built in 2011, the 12-story affordable housing property, one block from Mirror Lake Park, provides a combination of one-, two- and three-bedroom apartments across 80,278 heated square feet. Units range in size from 543 to 904 square feet.
The Pinellas County Housing Authority manages 10 additional low-income properties throughout the area.
The seller, Portland Property LLC, purchased the apartment building in 2018 for $4.53 million.
1295 Santa Rosa St., Clearwater. Photo: LoopNet.com.
Clearwater multifamily portfolio lists
A five-property portfolio of multifamily complexes in Clearwater and Tarpon Springs has listed for a combined price of $10.46 million. Together, the five addresses offer 54 living units across 48,820 gross square feet.
In Clearwater:
1259 Franklin Street is a two-story structure built in 1964 and situated on a 0.16-acre lot. It provides four living units across 3,278 heated square feet. 1285 Santa Rosa Street is a two-story, 4,992 heated square-foot structure with six living units. It was built in 1970 and sits on a 0.19-acre lot. The seller purchased both properties together in March 2024 for $872,000.
1279 Santa Rosa Street is a two-story structure with eight living units. Built in 1973, it provides 5,544 heated square feet and is situated on 0.22 acres. It was purchased in 2022 for $941,000.
1295 Santa Rosa Street is a two-story building with 20 living units across 16,872 heated square feet. Completed in 1973, it sits on 0.89 acres and was last purchased for $2.5 million in 2023.
In Tarpon Springs, 501 St. Michaels Way is a four-building property situated on 1.03 acres. There are 16 living units spread across the four structures, each built in 1986 and encompassing 3,160 heated square feet. The seller purchased the property in 2022 for $1.4 million.
About half of the Clearwater complexes offer two- or three-bedroom units with in-unit washer/dryer connections. All of the Tarpon Springs units feature two-bedrooms and two-baths and are equipped with washers and dryers. Recent overall improvements include new windows, doors, water heaters, electric panels and AC units.
Midfield Investments, LLC, with offices in Florida, Maryland, Michigan and Pennsylvania, is the owner and seller of all of the properties.
The listing is care of Sebastian Harris with Colliers Commercial Real Estate.
Real estate agents: Please forward all news for Places This Week to Amy Kagan at amy@stpetecatalyst.com. Thanks!
