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About this home
1201 Dr Martin Luther King Jr St N is a home in East View Add, St Petersburg. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
This is a rare shovel-ready development opportunity in a prime location. This vacant lot comes fully permitted and approved for the construction of six luxury townhomes, allowing a developer to begin building immediately after closing with no entitlement delays. The sale includes complete architectural plans and approved permits for six high-end units, each designed with modern layouts and rooftop terraces that overlook downtown and 9th Street, offering premium views and strong resale or rental appeal. The project has been thoughtfully designed to maximize both square footage and outdoor living space, creating a luxury product that stands out in the market. Opportunities like this are extremely limited — skip the multi-year planning and approval process and move straight to construction. This is a turnkey development site ideal for developers looking for their next high-end townhome project in a growing area.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$1,675,000
Time on market
201 days
Monthly payment
About $10,542/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $11,627 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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