ALLENDALE TERRACE ESTATE on TWO LOTS, with POOL and GUEST HOUSE. Rare opportunity for a new owner to polish this elegant diamond in the rough to its 1925 brilliance. The potential is incredible to create a multigenerational property, guest house or in-law suite. Gracefully sited on one of Allendale’s most coveted tree-lined bricked streets, this estate offers an uncommon 4,974 sq ft., 7 bedrooms, 5 ½ bathrooms, formal and family living areas with two homes. A circular brick driveway for ample parking and 3 garage bays are available. The formal spaces include a spacious living room w/ wood burning fireplace & formal dining room, both with original hardwood floors. A wood paneled den / office, all featuring beautiful millwork. A butler’s pantry leads into the kitchen which has a breakfast nook for casual dining, an indoor laundry, guest powder room & family room. The 2nd floor is accessed via an elegant Y-shaped staircase and includes a spacious owner’s retreat w/ensuite bathroom & separate sitting & dressing room. Secondary bedrooms in this wing share a “Jack & Jill” Bathroom. To the rear of the 2nd level is an addition which features 3 additional bedrooms and an accompanying bathroom. True to homes of this historic era, classic milled built-in cabinetry is throughout the home and there are closets galore. The backyard is home to a pool with deck and a waterfall feature. Connecting the main house to the guest home is a generous 1,304 sq. ft. Florida room with a pool bath. The guest house features a living room w/fireplace, family room, dining room, galley kitchen, bedroom w/ walk-in closet and a 1 car attached garage. The guest house may be subdivided from the main home. This home has been well-loved by its current owners of 44 years and is ready for its next caretaker to restore its original luster. All of this located close to grocery stores, shopping and downtown St. Petersburg and it's arts, cultural and fine dining offerings.