$159,999

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). 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+ 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 #

MFRTB8511451

Property type

Land

Subdivision

BAYVIEW TERRACE ROY SCOTTS

Status

Active

Days on market

63

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

Nearby schools

Within 10 miles · public school directory data (NCES)