Listing Details for MLS # TB8469420
655 42nd Avenue N, St Petersburg, Fl 33703

Residential Property - Single Family Residence in St Petersburg

Listing Price: $710,000Days on Market: 6

Description of Property

Rare Double Lot Opportunity in Allendale Oaks – Subdividable + ADU Zoning (NT-1) Located in the highly desirable, high-and-dry Greater Allendale area, this well-maintained concrete block home offers comfort today with exceptional future potential. The bright, inviting interior features an enclosed Florida Room, plus an attached two-car garage complete with a full bathroom and laundry area. Major mechanical updates include a new HVAC system (2024) and water heater (2023). Additional improvements include impact-resistant windows, an updated kitchen with granite countertops, and stainless-steel appliances. Situated on an oversized 0.28-acre lot (90 x 137), the property is beautifully landscaped with mature oak, mango, and papaya trees and supported by a well-water irrigation system. Zoned NT-1, the property offers the potential to subdivide into two oversized buildable parcels, each allowing for a single-family residence plus an Accessory Dwelling Unit. Ideal for homeowners, investors, or developers seeking flexibility and long-term upside. Opportunities like this are rare in one of St. Petersburg’s most established and sought-after neighborhoods—whether you plan to live, expand, or develop, this property delivers immediate livability and future value potential.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $478,930. This single family residence is listed at about 148% of the average asking price. There are 2 2 bedroom/2 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »