208 48TH AVENUE N

ST PETERSBURG, FL 33703

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.

Listing courtesy of REALTY ONE GROUP SUNSHINE (727) 560-4944



Listing information is provided by Participants of the Stellar MLS. 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-04-22 09:58 AM EDT