An incredible opportunity awaits at 7039 Hibiscus Ave S in the desirable South Pasadena. This 3-bedroom, 4-bath home is nestled on a spacious 0.29-acre lot and offers a flexible split-plan layout spanning over 2,200 sqft—a blank canvas ready for your personal touch. Inside, the main living area has been fully remediated and is ready for remodeling, allowing you to customize the space to match your vision. Step outside to your Olympic-size lap pool that is perfect for both fitness and relaxation. Built in 2019 and ready to enjoy, this stunning pool is complemented by a 100 sqft spa and a 560 sqft covered patio featuring a cozy gas fireplace. This outdoor space is ideal for entertaining with ample room for a big screen TV setup. The backyard features mature landscaping with areca and foxtail palms, making it perfect for dogs, kids, composting, playing, and relaxing. Additional features include a spacious 2-car garage, an oversized utility room with space for a full washer and dryer, and two large exterior storage rooms (176 sqft and 160 sqft) for added convenience. Recent major upgrades include a 900 sqft addition in 2017 and a new patio in 2024. Other significant improvements include hurricane windows and doors installed in 2019, Icynene blown insulation added in 2019, and a 6-foot vinyl fence installed in 2020. All major upgrades have been properly permitted. These enhancements contribute to the home's $953,000 appraised value. With RM-10 residential/multi-family zoning, this property offers outstanding redevelopment flexibility, whether you choose to remodel the existing structure or build anew. Enjoy the convenience of paved alley access and walkability to Publix grocery store. The location is prime—just 10 minutes from the beach and 15 minutes from vibrant downtown St. Petersburg! The neighborhood is expected to see significant improvements in the next 3-5 years. This is a rare opportunity to own a spacious, well-located property with endless potential. Original granite countertops and sinks have been preserved. One or more photo(s) has been Reality Staged and/or Renovated.