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Listing of the Day
Location: St. Petersburg, Florida
Price: $1.7 million
If you’ve ever had a hankering to run your own Bed & Breakfast, this 1936 Tudor Revival in the in-town St. Petersburg neighborhood of Historic Kenwood is set up and ready to go.
The seven-bedroom single-family house and the property are selling for $1.7 million. But for $2.2 million, you get the real estate along with the commercial business, including the trademark, the restaurant license, the in-place reservations and the furnishings, according to the listing agent.
“It’s the only licensed B&B left in the city of St. Petersburg,” said listing agent DJ Soucy, of Compass. “Everything has been grandfathered in, so you’re golden.”
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“Interestingly, you can’t tell by looking at it, but the house was originally located across the street,” he said. It was built in 1933 and moved and added onto in 1936. A third floor was added in the 1950s and the back section of the house was added in 2001.
The current owners, Raymond and Jayson Lazaro, bought the 7th Avenue North home in 2016 and opened the B&B, which is known as the Kenwood Gables, at the end of 2019, just before the Covid-19 pandemic, Soucy said. It took them three years to get the license from the city.
It’s a very successful business, with the two ground-floor suites going for $500 a night in the high season, he said. The owners have won many awards, including being members of what is known as the Select Registry, Soucy said. Their B&B is one of 15 Select Registry properties in Florida and the only one on the state’s West Coast.
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The ground floor has a great room with a fireplace and a high ceiling with original wood beams. This level holds a formal dining room, a library/overflow dining room, a kitchen with a breakfast nook and two en-suite bedrooms with sitting areas.
There are three more en-suite bedrooms on the second floor, with the owners’ quarters on the top floor. There is also a detached studio adjacent to the pool, which is not rented but instead reserved for Raymond’s mother when she’s visiting, Soucy said.
Stats
The 4,497-square-foot house has seven bedrooms, eight full bathrooms and one partial bathroom. It sits on a 0.29-acre lot.
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Amenities
Amenities include a heated pool, a living room fireplace, a patio, gardens, a two-car garage now used for storage and parking for five cars at the rear of the property.
Neighborhood Notes
Historic Kenwood has the “highest concentration of bungalows per square foot than any place in the country,” Soucy said.
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“It’s a super-diverse neighborhood,” with most of the housing stock dating to the late 1910s, ’20s and ’30s, he said.
The home is walkable to Central Avenue, which has “tons of restaurants and shops,” he said. “It’s all mom-and-pop stores, no chains.”
It’s a five-minute drive to the city’s downtown and 10 minutes to the beaches, he said.
Agent: DJ Soucy, Compass
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