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6314 Bahama Shores Drive S
St Petersburg, FL 33705
$4,750,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
7158
Property Description
SELLER FINANCING AVAILABLE. ELEGANT WATERFRONT TUSCAN ESTATE. Enjoy private waterfront living at its finest. Whether you wish to relax by the cabana overlooking the pool with striking views of the Sunshine Skyway or entertain guests, this property has it all. Enter your home to an expansive foyer with vaulted ceilings and an undisturbed view of the bay. Luxury and serenity will wash over you as you walk up the marble staircase with custom cast iron railing to your master bedroom suite, complete with a marble cased wood burning fireplace, wine cooler, large walk-in closet, private laundry room with additional storage, oversized shower, dual sinks and jacuzzi tub overlooking the bay. Take a moment to catch up on work in your private office with custom cabinetry. As you leave your master suite and pass the open gym that features unfettered views of the bay and a 160-foot dock with roof, you will find two bedrooms with walk-in closets and a jack and jill bathroom with jacuzzi tub that will not disappoint guests of any age. Don’t forget to admire the view from the fourth bedroom, complete with a walk-in closet and bathroom. Create gourmet meals from your own commercial kitchen complete with commercial wok stations, refrigerators, fryers, vent hood, dual ovens, 3-basin sink, and butcher’s block prep table and a separate walk-in pantry and spice closet. Entertain family and guests in the main kitchen complete with marble countertops, an oversized island, custom dual refrigerators with matching custom cabinetry, and a glass stovetop. The open floor plan features a grand living room with a vaulted ceiling, exquisite marble mantlepiece featuring a second wood burning fireplace and built-in custom cabinetry. Take your pick of two dining rooms to host large family gatherings or parties and relax in your theater room with customized surround sound and theater enhancing lighting to create the perfect movie night. Before you retire for the night, grab a cocktail or glass of wine at the custom wet bar and take in the pelicans and dolphins passing by on a nearly daily basis. Wow your guests and family with endless possibilities for fun and adventure outdoors with a 25k lb. boat lift, access to deep sea water, jet ski platform, and heated saltwater pool and hot tub steps away from the bay. With a four-car garage and elevator access, this home’s features are endless and perfect for any size family. The custom craftsmanship is evident throughout the entire house and must be seen to be truly appreciated. Tranquility and luxury await you.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
T3387557
Location
Address
6314 BAHAMA SHORES DRIVE S
City
ST PETERSBURG
State
FL
Zip Code
33705
County
PINELLAS (SOUTH)
Listing
Provider
Flat Fee MLS Realty, original listing
Name
Flat Fee MLS Realty
Phone
(813) 699-9616
Office Name
FLAT FEE MLS REALTY
Office Phone
(813) 642-6030
Agent Name
Stephen Hachey

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.