Description
Prime waterfront development opportunity in the heart of St. Petersburg! Rare canal-front lot offering over 10,000+ SQ FT with the potential to be split into TWO buildable waterfront lots (buyer to verify with city and complete variance/splitting process). This is the type of deal builders, developers, and investors wait for. Surrounded by strong resale comps and luxury new construction, this property offers the opportunity to build two custom homes approximately 2,500+ SQ FT each with projected resale values estimated around $800K–$900K+ per home depending on final design, finishes, and market conditions. Imagine two modern waterfront homes with pools, rooftop terraces, boat access, and luxury outdoor living spaces in one of the hottest growing areas in St. Pete. Endless upside for a developer looking to maximize the land’s highest and best use. Highlights include: • Canal-front location • Over 10,000+ SQ FT lot • Potential to split into 2 waterfront lots • Strong luxury resale market nearby • Ideal for spec builders or long-term investors • Opportunity for significant profit potential • Minutes from downtown St. Pete, beaches, dining, and marinas Properties with this kind of waterfront development potential are becoming harder and harder to find. Bring your architect, builder, and vision and turn this into a high-end waterfront luxury project. Buyer to verify all zoning, lot split, variance requirements, dimensions, utility access, and building feasibility with the city/county.
-
0BEDS
-
0.24ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Prime waterfront development opportunity in the heart of St. Petersburg! Rare canal-front lot offering over 10,000+ SQ FT with the potential to be split into TWO buildable waterfront lots (buyer to verify with city and complete variance/splitting process). This is the type of deal builders, developers, and investors wait for. Surrounded by strong resale comps and luxury new construction, this property offers the opportunity to build two custom homes approximately 2,500+ SQ FT each with projected resale values estimated around $800K–$900K+ per home depending on final design, finishes, and market conditions. Imagine two modern waterfront homes with pools, rooftop terraces, boat access, and luxury outdoor living spaces in one of the hottest growing areas in St. Pete. Endless upside for a developer looking to maximize the land’s highest and best use. Highlights include: • Canal-front location • Over 10,000+ SQ FT lot • Potential to split into 2 waterfront lots • Strong luxury resale market nearby • Ideal for spec builders or long-term investors • Opportunity for significant profit potential • Minutes from downtown St. Pete, beaches, dining, and marinas Properties with this kind of waterfront development potential are becoming harder and harder to find. Bring your architect, builder, and vision and turn this into a high-end waterfront luxury project. Buyer to verify all zoning, lot split, variance requirements, dimensions, utility access, and building feasibility with the city/county.
© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-07-10T23:46:56.95.
