Join the Ponderosa Shores renaissance. This home is an open canvas to renovate as you please, or join your next door neighbors and raze the home and build your waterfront dream home on this spectacular waterfront lot that has a newer 81 seawall with 3 cap, 300 sf custom dock with two working boat lifts, and room for a pool. This home is just a short drive to vibrant downtown St. Pete, a 10 minute idle to Tampa Bay and a few paddle strokes to protected Placido Bayou Mangrove Preserve where you can explore the mangrove trails by kayak or paddle board. Watch dolphins and manatees swim around and under your dock while you enjoy the sun set behind the mangrove preserve. The newer 40th Avenue bridge has a 13.2 vertical clearance at mean hightide to accommodate most non flybridge vessels. This beautiful waterfront home flooded during Hurricane Helene and was fully remediated with 4 drywall cuts throughout the entire home. All flooring was removed and is currently bare concrete slab floors. Until Hurricane Helene in September, 2024 this home had never flooded since its construction in 1972. Protected waterfront with superior all block construction; 3 bedrooms, 2 bathrooms with open concept, split floor plan;1,789 heated sq/ft, 2,535 total square feet; 2 car garage with hurricane impact garage door and garage door opener, paddle board and fishing rod storage; Lot size: 7,797 sq/ft (0.17 acres MOL. 81 wide x 102 deep MOL); Features Vivint security/fire alarm system; 81' newer seawall with 3 cap (Gulf Coast Marine Construction); Two Working Lifts: 10,000 lb boat lift and 4,500 lb double jet ski/boat lift; Large Custom Dock: 300 sq/ft (25 x 12 w/ 3 step down platform for easy launching of kayaks and paddleboards) with superior Azek composite cool decking with wrap around trim, high density polyethylene wrapped dock pilings, electric and water; Expansive outdoor deck: 660 sq/ft; 8 person hot tub (hot tub damaged by flooding); Roof: 2012 GAF Timberline 30 year upgraded shingle with roof membrane (assumable warranty) and updated soffits and facia (no damage experienced from hurricanes); Newer HVAC 2021: Trane, 16 Seer (4 ton) Heat Pump with UV Light system for improved air quality. Warranty: 10 year warranty for Compressor (Compressor damaged by flooding); 10 years coil; 10 years parts; Whole House Generac Generator (2022) with transferable warranty; Designer lighting throughout; Windows: updated (sliding doors and some windows damaged by flooding); Ceiling fans throughout; Covered Lanai and entrance way improved with hand stained wood slats on ceiling; Exterior painted: 2022; New Samsung washer and dryer, front loading 2024 (Never used. Washer might be damaged by flooding); Water main line replaced (2006); Additional and plentiful attic storage with high pitched roof; Expanded paver driveway with 3 car parking; Irrigation system (reclaimed water) and upgraded gutter/drainage system; Windster stainless steel vent hood in kitchen; Skylight (upgraded tempered glass); LED recessed ceiling lighting; Neighborhood has all underground utilities including cable, natural gas and electric (no unsightly power poles and power lines); Primary Bedroom and Ensuite Bath: Overlooking water and adjacent to back lanai; Walk in closet; Separate water closet; Dual shower heads plus rain shower head; and Dual Vanity Plumbing; Guest bath: Dual Vanity Plumbing. Seller open to concessions.