Welcome to Casa Di Palma, a recently renovated and modernized residence that combines the comfort of a single-family home with the convenience of condo living, only sharing a firewall. Enjoy the benefits of $50 HOA ANNUALLY, the absolute lowest you'll find in the surrounding area. Flood insurance and homeowners' are low due to the property being elevated on stilts. Designated as RM15 zoning allows for short-term rentals while offering the versatility of an income-generating property. Historically, it has been rented at an average nightly rate of $900. Completely renovated in 2023, expanding to a spacious 2300 sqft layout featuring four bedrooms and 3.5 bathrooms. The main level offers a sunken living room with a vaulted ceiling, custom lighting, and an electric fireplace to create a cozy atmosphere. The dining area comfortably accommodates eight people and includes bar seating. Additionally, the first floor features a large bedroom with a custom en-suite, a powder room, a laundry closet, and a chef's kitchen with modern appliances, ample storage, and premium features like a custom plastered hood, pot filler, two microwaves, a beverage/wine fridge, and a dedicated faucet for reverse osmosis drinking water. On the second level, you'll find a sunlit lounging area leading to a spacious outdoor gulf-view balcony, two bedrooms, two full luxurious bathrooms, a second laundry closet, and extra storage. The third level introduces a new fourth bedroom, a bright loft lounge area with captivating Intracoastal and Gulf views. There is plenty of parking space available for up to four cars, and the side yard has enough room for a hot tub, grill, and outdoor furniture. New windows and doors to keep the home super quiet. Conveniently located next to the renowned John's Pass Village and only nine miles from downtown St. Pete, which offers attractions such as the pier and the Dali museum. Come see this exceptional property in person to truly appreciate its beauty. Outside pictures have been virtually staged.