$158,999
About this home
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). 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+ 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.
Highlights
Property details
- MLS
- Stellar MLS
- MLS #
- MFRTB8511451
- Property type
- Land
- Subdivision
- BAYVIEW TERRACE ROY SCOTTS
- Status
- Active
- Days on market
- 150
- On market date
- May 22, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.24 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 347
- Student:teacher ratio
- 13.9:1
- District
- PINELLAS
- Enrollment
- 906
- Student:teacher ratio
- 20.1:1
- District
- PINELLAS
- Enrollment
- 26
- District
- PINELLAS
Walkability
Blended score for ST PETERSBURG's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in ST PETERSBURG, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 15 hr ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.