1118 S Dr Martin Luther King Jr St S, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot32,400 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

1118 S Dr Martin Luther King Jr St S is a home in Grahams T W Sub, St Petersburg. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Exceptional development opportunity in Historic Roser Park, one of St. Petersburg’s most distinctive and sought-after neighborhoods. This rare assemblage consists of five contiguous lots totaling approximately 32,500± SF (250’ x 130’) with 250 feet of frontage and located in a desirable X Flood Zone. Positioned just minutes from Downtown St. Petersburg, Bayfront Health, Johns Hopkins All Children’s Hospital, the Innovation District, USF St. Petersburg, and the vibrant Central Avenue corridor, the site offers outstanding accessibility and long-term growth potential. The property is mixed-use capable with development flexibility and potential FAR benefits through residential rental incentives. Opportunities of this scale are increasingly difficult to find within established urban neighborhoods, particularly in Roser Park, a historic enclave of approximately 130 homes known for its character, walkability, and proximity to downtown amenities. Ideal for luxury townhomes, multifamily, mixed-use, workforce housing, or a signature infill development. A separate fully designed 18-unit development concept and supporting due diligence materials may be available to qualified purchasers. Buyer to verify all zoning, density, FAR, land use, development rights, and intended use with the City of St. Petersburg. Rare scale. Exceptional location. Significant development potential.

The essentials

On market
115 days
Annual tax
$4,208
Flood zone
X · Low risk
Lot
32,400 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$8,924/mo
Down payment (20%)
$300,000
Property taxes
$351/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
32,400 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
115
Flood Zone X
Annual Tax (2025)
$4,208
Parcel #
30-31-17-32490-000-0010

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Grahams T W Sub
County
Pinellas
MLS Area
33701 - St Pete
Lot Size
32,400 sqft
Oversized Lot

Price history

Date
Event
Price
10/7/2026
Price change
Source: Stellar MLS #TB8520535
$1,500,000-6.2%
-
Price change
Source: Stellar MLS #TB8520535
$1,600,000-28.9%
6/17/2026
Listed for sale
Source: Stellar MLS #TB8520535
$2,250,000

Neighborhood

1118 S Dr Martin Luther King Jr St S
St Petersburg, FL, 33701 · 33701 - St Pete

Calculator

Est. monthly payment
$8,924/mo
Principal & interest$7,823
Property taxes$351
Insurance$750
Down payment20% · $300,000
Interest rate6.80%
Loan term

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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

$1,500,000

Time on market

115 days

Monthly payment

About $8,924/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,208 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.

Have another question?

Brokered bySERHANTListing agent: Nick JanovskyListing data from Stellar MLS, MLS# TB8520535.

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