4830 OSPREY DRIVE S 201 Under contract-accepting backup offers. Perched at the pinnacle of one of St. Petersburg’s most prestigious guard-gated waterfront communities, this exceptional 3-bedroom penthouse residence offers approximately 2, 500 square feet of refined coastal living with panoramic views across Boca Ciega Bay. From the moment you enter, sweeping water vistas command attention—stretching toward the iconic Don CeSar Hotel and the shores of St. Pete Beach. Expansive 8-foot windows and hurricane-rated sliding doors bathe the residence in filtered natural light while framing extraordinary sunset exposures that define true Florida waterfront living. The spacious waterfront veranda serves as a natural extension of the main living area—an ideal setting for evening gatherings or quiet mornings overlooking the bay. With three private balconies, this penthouse offers both sunrise and sunset orientations, capturing light throughout the day. Designed for both everyday comfort and elegant entertaining, the open-concept living and dining areas flow seamlessly into a generously sized chef’s kitchen featuring stainless appliances, granite countertops, custom cabinetry, center island, and counter seating. The expansive living space accommodates multiple seating arrangements while preserving uninterrupted water views. The private primary suite is a retreat of its own, complete with floor-to-ceiling bay views, a private sunrise balcony, dual custom walk-in closets, and a spa-inspired bath designed for relaxation. The en-suite guest bedroom offers privacy and comfort, while the third bedroom—with its own veranda overlooking lush landscaping and lake views—provides versatility as a guest suite, office, or additional living space. Additional features include Wide-plank engineered wood flooring, Crown molding, Updated hurricane-rated windows and sliders, Hurricane shutters, Two reserved parking spaces, and a Private, spacious storage room. Located within the 88-acre Dolphin Cay waterfront enclave, residents enjoy a rare combination of privacy and a plethora of resort style amenities which include a private beach, three heated pools, a clubhouse, illuminated Har-Tru tennis courts, fitness center, library, fishing pier, kayak launch, grill zone, walking paths, and more. Located just a short 10-minute drive from artistic downtown St Petersburg venues and attractions, pristine gulf beaches, Famed Ft Desoto Park, and with swift access to I-275 and Tampa International Airport. Offering an ideal balance of coastal serenity and urban convenience, this penthouse residence represents an extraordinary opportunity to experience elevated waterfront living within one of South Pinellas County’s most exclusive gated communities.