$2,649,000
7240 Dr Martin Luther King Jr Street
St Petersburg, FL 33705
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
There are homes… and then there are landmarks. And here, in the timeless beauty of St. Petersburg’s treasured Pinellas Point, stands one of the most captivating waterfront estates on Tampa Bay. Built in 1925, this grand Spanish-Style estate is one of the originals - an enduring piece of our city’s history that has been thoughtfully preserved and masterfully updated for today’s modern coastal lifestyle. Inside, more than 4,400 square feet of refined living space unfolds with grace and purpose. Five bedrooms, six full baths, a formal library, and a stately wood-burning fireplace create an atmosphere of warmth, elegance, and architectural authenticity. The home has been beautifully refreshed with new flooring, interior paint, updated windows and doors, and efficient ductless HVAC systems throughout. Modern convenience meets timeless craftsmanship. Step outside and the world opens up - lush tropical gardens, a sparkling swimming pool, and unbelievable, unobstructed views of Tampa Bay and the iconic Sunshine Skyway Bridge. A custom dock and deck with boat cradle lift extend gracefully into the bay, inviting sunset cruises and early-morning adventures. The property spans over half an acre of gated privacy with custom fencing, an electronic entry gate, an irrigation system on reclaimed water, and a detached three-car garage. This is more than a home - it is a legacy. A rare waterfront estate where history, architecture, and natural beauty converge to tell one magnificent story… and where the next chapter begins.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history204 days on market
- Status: ActiveMay 7, 2026
- Listed$2,995,000Nov 9, 2025
- Price reduced$2,649,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 204
- Subdivision
- Point Pinellas Rep
- County
- Pinellas
- Year built
- 1925
- Living area
- 4,456 sq ft
- Price/sq ft
- $594
- Building area
- 5,467 sq ft (Public Records)
- Lot size
- 25,300 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- AE (12103C0284H)
- Garage
- 3 spaces
- Pool
- Private pool
- Annual taxes
- $15,490 (2024)
- Parcel #
- 18-32-17-72414-001-0110
- MLS #
- TB8446538
Interior Details
- Bedrooms
- 5
- Full bathrooms
- 6
- Flooring
- Wood
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator
- Interior features
- Ceiling Fans(s), High Ceilings, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
- Laundry
- Inside, Upper Level
- Stories / Levels
- Two
- Direction faces
- North
- Fireplace
- Yes
- In-law suite
- Yes
Heating & Cooling
- Heating
- Electric
- Cooling
- Mini-Split Unit(s)
Parking
- Garage spaces
- 3
- Attached garage
- Yes
- Parking features
- Garage Door Opener
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Consult with the local municipality regarding any lease restrictions.
Exterior & Construction
- Exterior features
- Balcony, French Doors, Garden, Outdoor Shower
- Construction materials
- Block, Concrete
- Roof
- Tile
- Foundation
- Block
- Pool
- Private pool
- Waterfront
- Yes
- Water view
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Private
- Utilities
- Public
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Foyer | First | 13x16 |
| Kitchen | First | 14x29 |
| Dining Room | First | 14x14 |
| Living Room | First | 14x17 |
| Family Room | First | 13x30 |
| Library | First | 20x20 |
| Primary Bedroom 2 | First | 16x22 |
| Primary Bedroom | Second | 15x19 |
| Bedroom 3 | Second | 13x24 |
| Bedroom 4 | Second | 13x16 |
| Bedroom 5 | Second | 12x20 |
Listing Details
- Listing date
- 2025-11-09
- On market date
- 2025-11-09
- Original list price
- $2,995,000
- Occupant type
- Owner
- MLS area
- 33705 - St Pete
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-05-07
- Tax legal description
- POINT PINELLAS REPLAT BLK 1, LOT 11 LESS E 5FT
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Pinellas Point Dr S, drive South on Dr MLK Jr St S. The home is at the end of the cul de sac.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 2, 2026 at 9:22 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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