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
- Lot Features
- Buildable, Flood Plain/Bottom Land, City Limits, Paved
- Lot Description
- Buildable, Flood Plain/Bottom Land, City Limits, Paved
- Acres
- 0.26
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- BB/HS Internet Available, Cable Connected, Electricity Available, Phone Available, Sewer Connected, Water Connected
- Subdivision
- HARCOURT
- Elementary School
- North Shore Elementary-PN
- Middle School
- Meadowlawn Middle-PN
- High School
- Northeast High-PN
- County
- Pinellas
- Region
- ST PETERSBURG
- Zoning
- NT-1
- Original List Price
- $549,900
- Days on Market (Cumulative)
- 114
- Taxes Annual
- $6,204
- Ownership
- Fee Simple
- MLS #
- TB8499659
- Property Subtype
- Land
- Parcel Number
- 06-31-17-36702-004-0040
- MLS #
- TB8499659
- Date Listed
- April 17, 2026
- Address
- 208 48TH AVENUE
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: George Fleischmann | AveNew Realty
Provided By
Listed by Thomas Morillo, LLC (#MFR260032936)
Listing Office: REALTY ONE GROUP INNOVATION (#MFR276547391)
Provided By (Buyer)
Buyer's Agent: Robert Johnson (#MFR261545077)
Buyer's Office: REAL BROKER, LLC (#MFR805521714)
