5301 40TH AVENUE N This property and renovated home in unincorporated St Petersburg should not be missed. The home is a waterfront property on nearly one acre of land and not in a flood zone is located on Hewitt Lake which is a privately-owned three acre lake. The lake is spring fed and the water is used for irrigation for the surrounding homes which all equally share the cost and access to the lake (approx $30/month). The property incorporates two separate living spaces that includes a full guest living space or an in-law living space perfect for renting. The larger living space is a 2 bed/2 bath renovated home with tile flooring throughout and a gorgeous kitchen with quartz counters, tile backsplash, and a large island with abundant storage. Most of the windows and doors in the home are impact rated with the large living room picture windows having mesh hurricane covers. The concrete block home had a new roof installed in 2018, plumbing was updated, electric has been updated with two separate panels, HVAC system updated with two zones and replaced in 2019, water heater is 2014 with a re-circulator. The living room has a wood burning fireplace and the chimney was cleaned in 2018. The primary bedroom has two closets and a separate sitting area that could be used as a home office or gym. The home also includes a large flex space room that could be used for entertaining or an in-home studio. Through the shared common laundry room is the second separate living space that includes a 1 bed, 1 bath home with a full kitchen and living/dining room combo and a wood burning fireplace. The home is completed and attached oversized two car garage that includes a separate storage room with a window/wall AC unit. The nearly one acre lot has a fully fenced back yard and includes a separate fenced dog run, lush landscaping, and a terraced access to the private lake perfect for paddleboards, kayaks, or small fishing boats. Endless possibilities for this property await your personal style.