1221 36TH TERRACE N High and Dry with NO Flood Insurance Required! This 3-bedroom home in the highly desirable Magnolia Heights neighborhood offers an exceptional combination of location, comfort, and value. With an IMPROVED PRICE and a prime setting just minutes from downtown St. Petersburg, this property presents an excellent opportunity for both homeowners, investors and builders. Conveniently located less than five miles from downtown St. Petersburg and under a mile from I-275, the home provides easy access to Tampa, area beaches, airports, shopping, dining, and entertainment throughout the Tampa Bay region. Magnolia Heights is known for its quiet streets, mature trees, and welcoming neighborhood charm. Inside, the single-story layout offers comfortable and functional living. The main living area has been freshly painted, creating a bright and inviting space ready for your personal touch. Ceiling fans throughout the home add comfort and energy efficiency. The galley-style kitchen provides a practical workspace and flows easily into the main living area, making it ideal for everyday living and casual entertaining. A large pantry closet adds valuable additional storage. All three bedrooms feature generous closet space, and the flexible floor plan allows for a guest room, nursery, or home office to suit a variety of lifestyle needs. Outside, the spacious backyard offers plenty of room for relaxing, entertaining, gardening, or future outdoor enhancements. The yard is enclosed with a vinyl privacy fence and includes a dedicated dog run, making it ideal for pet owners. There is also ample space to add a patio, pool, or expanded outdoor living area. Important updates include a roof replaced in December 2016 and a newer A/C system with heat pump installed in 2022, helping ensure efficient year-round comfort. Homes in Magnolia Heights that are high and dry with no flood insurance required are becoming increasingly difficult to find at this price point.