Redevelopment Opportunity in Northeast
For Sale
$469,900
208 48TH Avenue N, St Petersburg, FL 33703
Land, ST PETERSBURG, FL
Property SizeContact for details
Lot Size0.26 Acres
Days on Market138
Property Features for 208 48TH Avenue N
General Information
Property type
Land
Property subtype
Other
Zoning
NT-1
Subdivision
HARCOURT
Lot features
Buildable, Flood Plain/ Bottom Land, City Limits, Paved
Elementary school
North Shore Elementary-PN
Middle school
Meadowlawn Middle-PN
High school
Northeast High-PN
Directions
From 4th St N, turn east on 48th Ave N. Two blocks down, the property will be located on the right side.
Standard status
Active
APN
06-31-17-36702-004-0040
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HARCOURT BLK D, LOTS 4 AND 5
Tax Annual Amount
6205
Legal Description
HARCOURT BLK D, LOTS 4 AND 5
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
REALTY ONE GROUP INNOVATION
(561) 501-0055
Listed By:
Thomas Morillo, LLC · License #3229447
(727) 560-4944
Added: Apr 17
Changed: Aug 24
Last Checked: Sep 1 at 1:06PM
MLS# TB8499659
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents an exceptional redevelopment opportunity in the desirable Northeast Park area. The oversized double lot is zoned NT-1, offering flexibility, including the potential to subdivide into two buildable parcels, subject to buyer verification with the City of St. Petersburg. Upon subdivision, each lot may allow for the construction of a single-family residence with a detached accessory dwelling unit, pending City approval. This arrangement creates the opportunity for two luxury homes side-by-side, each with multi-generational or guest house flexibility. Builders may find efficiency in constructing adjacent projects simultaneously, potentially streamlining site work, mobilization, utilities, and scheduling. Located just off 4th Street North and approximately five minutes from Downtown St. Petersburg, the property provides convenient access to Coffee Pot Bayou, Weedon Island Preserve, shopping, dining, major interstates, and area airports. The surrounding neighborhood features newer million-dollar homes, indicating strong resale confidence for quality new construction. The property, with a lot size of 0.26 acres, 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.
Key Highlights
- Oversized double lot in highly desirable Northeast Park.
- NT‑1 zoning allows potential subdivision into two buildable parcels (buyer to verify).
- Potential for two single‑family residences, each with a detached accessory dwelling unit (subject to City approval).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 33703, FL
23,948
Population
12,331
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
4,790
Density / Sq Mi
$96,795
Median Household Income
$56,760
Median Earnings
$1,569
Median Rent
$395,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Double lot with redevelopment potential near downtown St. Petersburg.
Where is this land located?
The property is located at 208 48TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Oversized double lot in highly desirable Northeast Park.; NT‑1 zoning allows potential subdivision into two buildable parcels (buyer to verify).; Potential for two single‑family residences, each with a detached accessory dwelling unit (subject to City approval).
