Discover a rare opportunity in the heart of Palmetto Park, a neighborhood known for its artistic spirit, strong sense of community, and easy access to St. Petersburgs vibrant cultural scene. This 6,355 sq ft corner lot features a charming 1920 Craftsman bungalow paired with a prime buildable space, offering the perfect balance of history and potential. The meticulously maintained 1 bedroom, 1 bath bungalow blends original charm with thoughtful modern updates. Step inside to find a newly renovated kitchen with shaker style cabinets, granite countertops, stainless steel appliances, and sleek black hardware for a contemporary touch. Gray luxury vinyl plank flooring runs throughout, complemented by light, wood look ceramic tile in the bathroom. The remodeled bath showcases fresh white tile surrounding the standing shower, while the enclosed back porch creates a versatile mudroom and laundry space with a new stackable washer/dryer. Additional highlights include a striking fireplace redesigned with dramatic black granite to the ceiling, a true statement piece and conversation starter. The home also retains classic Craftsman details like built ins, original window casings, and a welcoming front porch, marrying timeless character with a modern vibe. Recent upgrades such as a new roof (2022) and water heater (2022) provide peace of mind. Positioned on the northern end of the lot, the bungalow leaves the southern corner open for a future new construction residence. The existing home could then serve as an Accessory Dwelling Unit (ADU), ideal as a guest suite, private office, or income producing rental. Alley access, the option to build a garage, and abundant off street parking add flexibility and convenience. Palmetto Park offers a unique lifestyle with its community garden, local parks, and blend of historic homes and new development. Just blocks from the Grand Central and Warehouse Arts districts, and minutes from Downtown St. Pete, residents enjoy walkable access to dining, shopping, and cultural attractions, plus quick connections to I 275, Tampa, and the beaches. Whether youre a historic home enthusiast, an investor seeking rental income, or a buyer ready to create a custom residence while keeping a piece of neighborhood history intact, this property is an opportunity not to be missed.