208 48TH AVENUE N at

208 48TH AVENUE N

$499,900

$50,000
Price Decreased

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Overview

0.26 acres

Property Description

Under contract-accepting backup offers. Exceptional redevelopment opportunity in highly desirable Northeast Park. This oversized NT-1 zoned double lot offers rare flexibility, including the potential to subdivide into two buildable parcels (buyer to verify with the City of St. Petersburg). Upon subdivision, each lot may allow construction of a single-family residence with a detached accessory dwelling unit (subject to City approval), creating a unique opportunity for two luxury homes side-by-side — each with multi-generational or guest house flexibility. Builders may benefit from constructing adjacent projects simultaneously, potentially improving efficiency in site work, mobilization, utilities, and scheduling. Located just off 4th Street North and approximately five minutes to Downtown St. Petersburg, the property offers convenient access to Coffee Pot Bayou, Weedon Island Preserve, shopping, dining, major interstates, and area airports. Surrounded by newer million-dollar homes, the neighborhood continues to demonstrate strong resale confidence for quality new construction. Property is located in Flood Zone AE (Base Flood Elevation 8’); new construction elevation requirements should be verified. The existing structure remains on site; however, the highest and best use may be redevelopment.

Property Details

MLS#

TB8499659

Address

208 48TH

City

St Petersburg

State/county

Zip/Postal Code

33703

Area

Harcourt

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,204

Maint Fee

$--

Tax Year

2025

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