Pending

655 42nd Avenue

Saint Petersburg, FL 33703
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SqFt12,330

Sqft(Lot)

Acres0.28

Acre(Lot)

Under contract-accepting backup offers. Price Improvement – Prime Development Opportunity in Greater Allendale! Subdividable and ADU eligible - NT-1 zoning Now offered at an improved price, this rare 0.28-acre (90 x 137) double lot in the highly desirable, high-and-dry Greater Allendale neighborhood presents exceptional potential for builders, developers, and investors. Zoned NT-1, the property offers the opportunity to subdivide into two oversized buildable parcels, each eligible for a single-family residence plus an Accessory Dwelling Unit (ADU). The existing well-maintained concrete block 2-bedroom, 2-bath home provides immediate usability for rental income, owner occupancy, or interim use while development plans are finalized. Recent upgrades include HVAC (2024), water heater (2023), impact-resistant windows, and an updated kitchen with granite countertops and stainless steel appliances. Positioned on an expansive corner lot with rear alley access, the property offers added flexibility for site planning, access, and future construction. Located in one of St. Petersburg’s most established and sought-after neighborhoods, Greater Allendale continues to see strong demand thanks to its charm, high elevation, and close proximity to downtown. Whether you are looking for an infill development opportunity, long-term hold, or value-add investment, this property delivers location, flexibility, and upside that rarely come available.

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Detail Ic Property Details

Property Type : Land

Price : $685,000

AD Id : 75294535

MLS Id : MFRTB8474192

Lot Size : 0.28 Acre(Lot)

Living Area Size : 12,330

County : Pinellas

Subdivision: Bay State

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Feature Features

  • Water Source

    WaterSource: Public

  • Lot Information

    Lot Dimensions: 90 x 137 Lot Description: Corner Lot, Oversized Lot, Sidewalk Lot Square Feet: 12330 Lot Acres: 0.28 Lot Size (SqMt): 1145

    Property Information

    Property Type: Land

  • Listing Price Information

    Original List Price:$710000

  • Tax Information

    Tax Block: 05166001 Tax Book Number: 8/36 Tax Lot: 0050 Tax Legal Description: BAY STATE SUB BLK A, LOTS 5 AND 6 Annual Tax: $1406.35 Tax Year: 2025 Parcel Number: 06-31-17-05166-001-0050

  • School Information

    Elementary School: John M Sexton Elementary-PN Junior High School: Meadowlawn Middle-PN Senior High School: Northeast High-PN
  • Utility Information

    Cable Connected, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: BAY STATE SUB City: ST PETERSBURG Direction: From 4th Street: Head West on 42nd Ave N. Property will be on the corner of 7th Street and 42nd Ave.
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Nearby Home Value

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5438 Bayou Grande Boule.., Saint Petersburg, FL, 33703 $623,000 -- -- 15,931 0.36 Acre(Lot)
6043 Bayou Grande Boule.., Saint Petersburg, FL, 33703 $1,550,000 -- -- 10,154 0.23 Acre(Lot)
6046 Bayou Grande Boule.., Saint Petersburg, FL, 33703 $439,000 -- -- 15,695 0.36 Acre(Lot)
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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: MFRMLS #TB8474192 LISTED BY: Ashley Frazier, DALTON WADE INC 888-668-8283 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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