725 S BREVARD AVENUE

Description

Don’t miss this amazing opportunity to own one of Hyde Park’s most iconic homes! After 118 years without ever flooding, Hurricane Helene caused water to enter the home, as it did many others in South Tampa and the surrounding area. The mitigation process began within 48 hours of the storms passing. A certified restoration company is performing all of the mitigation work. A structural engineer has already been called out to the site to give his initial assessment on raising the home beyond the flood plain. Seller is waiting on written estimates, but the engineer’s initial assessment is that the home would be fairly easy to raise due to the lath & plaster construction. The expected cost to perform the structural work has been loosely estimated to be approximately $200,000. Once the home is completely renovated, it could have as much as 4,590 square feet of air conditioned space. This included finishing a portion of the 3rd floor (426 square feet) and the living space above the detached garage (371 square feet). There may also be an opportunity to expand the square footage further. This is a rare opportunity for the right buyer to restore this iconic home on one of the best street corners in all of Tampa. Bay views from nearly every room!