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Residential Land for Sale in St. Petersburg, Florida

1121 51st Ave N, St. Petersburg, FL 33703

$425,000
0.2 acres
pending
Under contract

Under contract-accepting backup offers. Cash only. Investor, builder, or flipper alert! Prime St. Petersburg land for sale. Looking for offers!! Located in a highly desirable and rapidly developing area of St. Petersburg, Florida, this approx. 75 x 125 ft lot (8,917 sq ft) offers excellent potential for a new construction home. HVAC appears to be 2020, Water Heater appears to be from 2023. The existing 3-bedroom, 2-bath house requires updates and may also need a new roof. It is a good candidate for a fix and flip or tear-down and rebuild project. Perfect for developers, builders, or anyone looking to build a custom home or investment property. Builder and general contractor contacts are available if the buyer is interested in a total remodel or new construction. Do not disturb tenants. Property cannot be accessed or entered. The home is tenant-occupied and tenants must be allowed to remain through the end of the year. Located in Evacuation Zone C and Flood Zone X, this land offers a valuable opportunity in a sought-after St. Pete location near major roadways, shopping, dining, and ongoing neighborhood redevelopment. This is a rare chance to secure a St. Petersburg tear-down lot with strong upside potential for a new build or long-term investment.

Location

Street address
1121 51st Ave N
Community
Franklin Heights
Elevation
13 feet
Coordinates
27.8186, -82.65

Directions

From MLK, turn West onto 51st Ave N

Turn south onto 10th St N and then West on 51st Ave N to address 1121 51st Ave N.

Property details

Lot size
0.2 acres8,712 sq ft
MLS #
MFRMLS TB8440172
Posted

Property taxes

2024
$1,022

Parcels

  • 01-31-16-29340-004-0060

Legal description

Resources

Nearby schools

NameLevelDistrictDescription
John M Sexton Elementary-PNElementary
Meadowlawn Middle-PNMiddle
Northeast High-PNHigh

Listing history

DateEventPriceChangeSource
Nov 14, 2025Under contract$425,000MFRMLS
Nov 11, 2025Price drop$425,000$15,000 -3.4%MFRMLS
Oct 23, 2025New listing$440,000MFRMLS
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This 0.2-acre property is located at 1121 51st Ave N in St. Petersburg, FL 33703. The property is pending sale.

Checked 1 hour ago — Updated

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