Property was flooded. Initial remediation started, house empty with kitchen and baths and lower drywall removed. City of St Pete Beach issued Non-Substantial Damage Letter stating “Damage estimated at 34.8% of the structure’s value”. Recent appraisal gave value of “Actual Cash value of $375,000. It appears renovation is possible if Permits and costs do not exceed FEMA’s 50% Rule. Broker and Agents make no representation and to what can be done. Consult with the City of St Pete Beach and your contractors for costs and possibllity to renovate.