WATERFRONT FIXER-UPPER in PALMA DEL MAR with INCREDIBLE POTENTIAL! Looking to establish Florida residency and enjoy the benefits of the Sunshine State? This could be your opportunity! Located in the desirable waterfront community of Palma del Mar in South St. Petersburg, just minutes from the Don Cesar Hotel and fabulous Pass-a-Grille Beach, this first-floor, 2-bedroom, 2-bathroom condo offers approximately 890 square feet of potential, beautiful water views, and the chance to create your own Florida retreat. Eligible owner-occupants may also qualify for the Florida Homestead Exemption, subject to applicable requirements and filing deadlines. Priced for a complete renovation, this property is an exciting opportunity for investors, renovators, or buyers ready to customize a home to their own taste and style. The covered patio offers a relaxing outdoor space overlooking the waterfront with convenient access to the community swimming pool. NO FLOODING during Hurricanes Helene or Milton. Palma del Mar offers a relaxed waterfront lifestyle with an inviting selection of community amenities, including a beautiful swimming pool with shaded Tiki hut outdoor areas and a spacious clubhouse - complete with a pool table and library! For those seeking an active and social lifestyle, pickleball, golf, tennis, yacht, and social membership opportunities are available through the nearby Isla del Sol Yacht & Country Club. Enjoy the best of coastal living with the award-winning beaches of Fort De Soto Park and St. Pete Beach just a short drive away. Explore nearby boating, fishing, and outdoor recreation, or take advantage of convenient access to I-275 for an approximately 15-minute trip to the vibrant heart of downtown St. Petersburg, known for its acclaimed restaurants, eclectic shopping, lively nightlife, waterfront attractions, and thriving arts and entertainment scene. For buyers considering the community's long-term financial health, the HOA financials are strong, with milestone reporting completed and recommended repairs addressed. Whether you're searching for an investment property, a rewarding renovation project, or an opportunity to establish your Florida home in a desirable waterfront community, this condo offers location, lifestyle, and potential at a price that is too good to pass up. Bring your vision and unlock the possibilities of waterfront living at Palma del Mar!