Under contract-accepting backup offers. Short Sale. Opportunity Knocks in Lakewood Terrace! Located in the desirable Lakewood Terrace neighborhood and just minutes from vibrant St. Petersburg downtown, this 3-bedroom, 2-bathroom short sale offers incredible potential for the savvy buyer ready to bring their vision to life. Filled with natural light, the spacious open-concept layout creates an inviting flow between the living and dining areas-ideal for entertaining or everyday living. The kitchen features a generous footprint, complete with two pantry cabinets flanking the refrigerator space, providing a solid foundation to design the culinary space you've always wanted. Just off the dining area, a versatile bonus room adds flexibility-perfect for a home office, art studio, playroom, or additional lounge space. The primary suite stands out with vaulted ceilings, a large walk-in closet, and a private en-suite bath featuring a walk-in shower. Two additional bedrooms are thoughtfully positioned on the opposite side of the home, offering privacy and comfort for family or guests. Step outside to a fully fenced backyard with a gated driveway, providing secure parking and plenty of room to create your ideal outdoor retreat. While this home does need repairs and updates, the possibilities are undeniable. Whether you're an investor, renovator, or buyer looking to build equity, this fixer-upper is brimming with potential and ready to be transformed into something truly special-all within easy reach of parks, schools, shopping, and dining. Bring your creativity and unlock the value waiting here. ***FREE 1/0 Rate Buydown when using the seller's preferred lender!***