ASSUMABLE FLOOD! If you have been patiently, (or not so patiently,) waiting for the right waterfront property at the RIGHT PRICE to become available in the desirable Three Palms Point neighborhood of #1-rated St. Pete Beach... Your wait is over! HERE IT IS: 75' of waterfront on an almost 1/4 acre lot with sweeping views from inside AND out across a wide canal AND beyond toward the Intracoastal Waterway! This is waterfront living as it is meant to be! The 2,493 acsf home with 2-car garage - AND room for a pool - is but ONE house away from a point lot! With only TWO owners since 1985, the home has been meticulously maintained! Loving care is evidenced by the well-preserved cabinetry, tiles, countertops and even the original and functional double ovens! ALL are in exceptional condition. With solid concrete block construction on slab, it was built to stand the test of time, both in terms of its construction AND by virtue of its well-conceived floorplan. Unlike many neighboring homes from this era, this one has an enormous great room with soaring ceilings up to 12' in height! Indeed, all of the rooms are generously proportioned. AND the home has been high and dry! Even during a king-tide storm, the water was well-below the top of the seawall cap! BONUS: The assumable flood 23/24 policy was only $6,290! With its TIMELESS bones and the soaring ceilings of the great room, this home can easily be re-imagined into the showstopper it was created to be. The dock was completely replaced in November 2015 and the new 12K lift was added in April 2018! Arguably priced at land value, but offering so MUCH MORE, THIS IS THE BEST DEAL ON THE ISLAND - BY FAR!