$1,700,000

Virtually Staged. A Rare Deep-Water Waterfront Opportunity Set at the quiet end of an exclusive no-through street, 4838 Paradise Way S. presents a rare opportunity to create a spectacular custom waterfront residence in one of St. Petersburg's most desirable boating locations. This exceptional pie-shaped homesite encompasses approximately 16,971 sq. ft. (.39 acres) and boasts an impressive 160 feet of deep-water frontage, with expansive, wide-open water views. Facing southeast, the property is perfectly positioned to capture glorious morning sunshine across the water, creating a beautiful and ever-changing waterfront backdrop. For the boating enthusiast, the waterfront advantages are particularly compelling. Enjoy convenient access to Tampa Bay with no bridges to navigate, offering the freedom to accommodate larger vessels and yachts without the height restrictions found in many other waterfront locations. The property benefits from deep water at the shoreline, avoiding the need for an extended pier to reach navigable depths. Adding further value and convenience, a newer composite dock with working electric boat lift (10,000 lb capacity) and a separate newer jet ski platform are already in place. Enjoy fishing directly from your dock, setting off for a day on the bay, or simply watching dolphins play in the surrounding waters. These existing waterfront improvements provide a valuable head start for the next owner. The previous residence has been completely cleared, leaving a generous waterfront canvas ready for your vision. Design and build your own custom waterfront estate, taking full advantage of the substantial frontage, open-water outlook and exceptional boating access. Despite its peaceful and secluded setting, the property is remarkably convenient to downtown St. Petersburg, approximately eight minutes away by car and not much more by powerboat. Enjoy the city's vibrant cultural scene, renowned waterfront parks, acclaimed dining, boutique shopping, galleries, museums, festivals, open-air entertainment and the iconic St. Pete Pier. The city's famous murals add to the distinctive artistic character that has made St. Petersburg one of Florida's most sought-after coastal destinations. Looking ahead, planned enhancements to the Old Southeast waterfront promise to bring further boating, dining and entertainment opportunities to the surrounding area. Situated at the end of a small cul-de-sac, this peaceful enclave is evolving into a collection of distinctive, resilient architectural homes, offering an appealing blend of privacy, quality and waterfront living. Rarely do you find such a combination of 160 feet of deep-water frontage, wide-open water views, bridge-free access to Tampa Bay, with an existing boat lift and jet ski dock, and proximity to downtown St. Petersburg. This is an exceptional opportunity to secure a premium waterfront homesite and create something truly special. Please note: This is a vacant, cleared premium lot. Any architectural images depicting a proposed residence are AI-generated conceptual illustrations only and represent what a future home could look like. No residence currently exists on the property. Uneven surface conditions may exist following clearing, and appropriate footwear is recommended. All visitors enter the property at their own risk and should exercise due care.