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487 PINELLAS BAYWAY S #207, Tierra Verde, FL, 33715

4beds
4baths
2,970sqft
$999,000
$336price/sqft
$7,484/moest. monthly cost
$299,360/yrincome needed

About This Home

PRICE REDUCED! Tucked into Tierra Verde, this property gives you that “I’m on vacation” feeling the moment you arrive. Set along the new bike path and just minutes from Fort De Soto Park/Beach and Pass-a-Grille beach, this unit is an easy choice for anyone who wants to be close to the water without giving up everyday convenience. The main townhome offers 3 bedrooms and 2.5 bathrooms, with a layout that feels both open and practical. The kitchen was thoughtfully renovated with upgraded cabinet storage in mind, including pull-out shelving that makes organizing and accessing everything much easier. The primary bedroom includes a 3rd floor loft-style bonus space—perfect for a home office, reading nook, extra storage, or even a tucked-away sleeping area. Upstairs, the third bedroom has an additional flex space that could be used as storage or potentially expanded into another bathroom. There's even the ability to add an elevator if your heart desires! Out back, there’s a covered patio that works well for relaxing or entertaining year-round, along with a mature cactus garden featuring unique species—including dragonfruit cactus that will produce fruit. Above the detached two-car garage, there’s a separate 1-bedroom, 1-bath apartment. Whether you use it for guests, extended family, or an office/work space, it adds a lot of flexibility to the property. The home has been well cared for by its original owners and includes thoughtful updates like a newer roof (about a year old), a reverse osmosis system under the kitchen sink, and a whole-house water softener. The community pool sits right on the water, making it an easy spot to unwind at the end of the day. And for peace of mind—this property had no flooding or damage from recent storms, including Helene and Milton. If you’ve been looking for a place that blends coastal living with versatility and solid upkeep, this one is worth a closer look.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

4/10
Bay Point Middle SchoolGrades 6-84.3 mi
4/10
Lakewood High SchoolGrades 9-124.9 mi

Construction

Condition

  • Year built: 1995

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Block,Stucco

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Oven,Cooktop,Dishwasher,Dryer,Kitchen Reverse Osmosis System,Microwave,Range,Refrigerator,Washer,Water Softener
  • Laundry features: Inside,Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Crown Molding,Eating Space In Kitchen,PrimaryBedroom Upstairs,Solid Wood Cabinets,Stone Counters
  • Flooring: Carpet,Luxury Vinyl,Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,970
  • Total interior livable area: 2,970 sqft

Kitchen

  • Level: First
  • Area: 208.74
  • Dimensions: 14.7x14.2

Living Room

  • Level: First
  • Area: 388.01
  • Dimensions: 16.1x24.1

Loft

  • Level: Second
  • Area: 153.27
  • Dimensions: 11.7x13.1

Primary Bedroom

  • Features: Linen Closet
  • Level: Second
  • Area: 506.09
  • Dimensions: 22.1x22.9

Property

Details

  • Parcel number: 203216113520000140
  • Zoning: RM-15
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Rear Porch,Screened
  • Exterior features: Awning(s),Balcony,Courtyard,Rain Gutters
  • On waterfront: Yes
  • Waterfront features: Waterfront

Lot

  • Lot size: 3,899 sqft

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Cold Wave
Tornado
Tsunami

FEMA Declared Disasters in Pinellas County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,051$60,612
Home Insurance *$974$11,688
Property Taxes $1,161$13,932
Electricity $298$3,586
Total$7,484$89,808
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$256,594/yr
40% on housing$224,520/yr
45% on housing$199,573/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.7%
11.7%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$336This listing

vs Other Active Listings

Avg $/sqft

ZIP 33715$534
Pinellas County$301

vs Homes Sold Last Month

Median $/sqft

ZIP 33715$593
Pinellas County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-10Price change$999,000
2026-05-26Price change$1,099,000
2026-05-05Listed for sale$1,199,000
1995-12-05Sold$167,200

For Sale by Agent

AgentJason Papi, LLC
BrokerageKELLER WILLIAMS TAMPA CENTRAL

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