$1,995,000
1201 Dr Martin Luther King Jr Street
St Petersburg, FL 33701
Listing updated: March 26, 2026 at 9:40 AM ET
Listing courtesy of Bhhs Florida Properties Group · Everett Vance, Jr · MLS #TB8490694 · Active · 813-694-7505Property type
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
This is a rare shovel-ready development opportunity in a prime location. This vacant lot comes fully permitted and approved for the construction of six luxury townhomes, allowing a developer to begin building immediately after closing with no entitlement delays. The sale includes complete architectural plans and approved permits for six high-end units, each designed with modern layouts and rooftop terraces that overlook downtown and 9th Street, offering premium views and strong resale or rental appeal. The project has been thoughtfully designed to maximize both square footage and outdoor living space, creating a luxury product that stands out in the market. Opportunities like this are extremely limited — skip the multi-year planning and approval process and move straight to construction. This is a turnkey development site ideal for developers looking for their next high-end townhome project in a growing area.
Local Insight
At nearly $2M for a vacant quarter-acre lot in St. Petersburg's East View neighborhood, you're paying primarily for location and development potential rather than improvements—the $161/sqft pricing suggests the land's value hinges on zoning capacity and market timing in what's an increasingly gentrifying area. Being in flood zone X is a genuine plus for financing and insurance, but you'll want to verify exactly what the lot can support (density, height, use) before committing, since the real ROI depends entirely on what you can build or the buyer who comes next. The 360° tour helps, but this is a speculative play where due diligence on local development trends and municipal approval likelihood should drive your decision more than the asking price alone.
AI-generated insight based on listing data and neighborhood context. Verify independently.
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 history1 days on market
- Status: ActiveMar 26, 2026
- Listed$1,995,000Mar 25, 2026
- Price increased$1,995,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 1
- Subdivision
- East View Add
- County
- Pinellas
- Price/sq ft
- $161
- Lot size
- 12,410 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12103C0217H)
- Annual taxes
- $11,627 (2025)
- Parcel #
- 18-31-17-24174-000-0010
- MLS #
- TB8490694
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Interior Details
- Direction faces
- Undetermined
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Capable
Listing Details
- Listing date
- 2026-03-25
- On market date
- 2026-03-25
- Original list price
- $1,995,000
- MLS area
- 33701 - St Pete
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-03-26
- Tax legal description
- EAST VIEW ADDITION LOTS 1 AND 2
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From 9th Street turn East onto 12th Ave. The lot is located on the corner.
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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 March 26, 2026 at 9:40 AM 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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