Listing Details for MLS # TB8412742
1125 Friendly Way S, St Petersburg, Fl 33705

Residential Property - Single Family Residence in St Petersburg

Listing Price: $780,000Days on Market: 34

Description of Property

A once in a generation opportunity is NOW to create the home of your dreams in the iconic and picturesque Pink Streets of St. Petersburg. For the first time in over 30 years, one of the largest land parcels in this tranquil and coveted neighborhood is being offered for consideration. Situated at the southernmost tip of Pinellas County, and just across the street from the sparkling open waters of Tampa Bay, this estate-sized corner lot spans almost 1/2 acre, and is framed by the historic coral-pink winding streets and impressive and lush tree canopies that define the community. The lot encompasses over 19,105 square feet of land, which is truly rare-to-find in St. Petersburg. The expansive size of the parcel (156’ x 120’) presents a unique opportunity for discerning builders, architects and future owners to design and create a residence of unparalleled creativity and grandeur, perfectly placed in this elegant and peaceful setting. The lot’s generous size provides flexibility for thoughtful design in scale and style in this neighborhood known for it’s distinctive aesthetic and charm. The Pink Streets community was developed in the early 1900s, and is celebrated for its rich history and iconic winding concrete pastel-pink streets, dotted with magnificent homes of varied architectural styles. It is truly a hidden gem. The lifestyle here is serene and elegant, with easy walkability to waterfront views and parks overlooking the Skyway Bridge, including Katherine B. Tippetts Park, the Tocobaga Indian Mounds and Bay Vista Park with boat ramps, playground and recreation facilities. The location is superb, offering easy access to both Tampa and Sarasota and multiple airports, and just a few minutes drive to bustling downtown St. Petersburg, and our gorgeous award-winning Gulf Coast beaches. The existing structures on the property experienced significant fire damage and are not salvageable. Permitting is in process for full clearance of the structures and pool. A Buildable Lot Letter has been secured from the City of St. Petersburg. The lot is located in the NS-2 zoning district, and the property in its current configuration qualifies for a new build of a single family estate plus an accessory dwelling unit. Variances to adjust the current lot to accommodate for additional structures or individual homes may be pursued with the City by the future developer or owner. Buyers to verify all building and permitting details directly with the City of St. Petersburg. Listing agent and brokerage make no guarantees regarding future development approvals or variance outcomes. Don’t miss this truly rare opportunity to build in one of St. Petersburg’s most treasured neighborhoods.The average asking price for a 5 bedroom/5 bath single family residence in this Zip code is $4,125,000. This single family residence is listed at about 19% of the average asking price. This is the only 5 bedroom/5 bath single family residence between $600,000 and $900,000 currently listed for sale in this Zip code.