Welcome to 798 & 798 1/2 45th Avenue North, nestled in one of St. Petersburg's most desirable and Rapidly growing neighborhoods. Perched on an Expansive corner lot and surrounded by Million-dollar homes, this Meticulously Maintained property blends Historic Charm, Modern updates, and Exceptional Income-producing potential. The main residence offers 2 bedrooms and 1 bathroom, complemented by a generously sized, Sun-drenched glass-enclosed Sunroom that functions as an additional living area while seamlessly connecting to the outdoors. Upon entry, you'll find an Open concept floor plan featuring wood flooring throughout, classic cove ceilings and timeless character. Recent improvements include a Roof (2023), Hot water heater (2023), Stainless-steel appliances (2026), 220-volt outlet for EV charging (2025) and main driveway (2023). Step outside to an oversized deck perfect for barbeques, furry friends and gathering with family. A true standout feature is the private, fully permitted 578-square-foot ADU (Accessory Dwelling Unit), completed in 2023 and approved by the City of St. Petersburg. With its own private entrance and separate address (798 1/2 45th Avenue North), this versatile space offers exceptional flexibility for rental income, Multigenerational living, a Guest Retreat, Yoga/Gym or a private home office. Offered fully furnished, this beautifully designed modern 1-bedroom, 1-bath cottage is currently a successful Short term rental and presents endless possibilities as a private guest retreat, home office, multigenerational living space or income-producing rental property. The cottage features Soaring Vaulted Ceilings, Exposed beams, Dual Mini-split HVAC systems, Full Kitchen and a Spacious Bedroom with an ensuite bathroom featuring a enclosed Glass walk-in shower. Step outside to perfect outdoor space where guests can enjoy morning coffee or relax beneath the mature oak tree. Ideally located and walking distance to the new Whole Foods, Shopping, Restaurants and just a short bike ride to Crescent Lake and vibrant Downtown St. Pete!! Whether you're seeking a Primary residence, an Investment opportunity or the perfect combination of both, this exceptional Allendale Oaks property delivers. Offering the perfect blend of charm, versatility, location and peace of mind in a non-flood zone, this is a true gem. Schedule your private showing today!