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