
Residential Land for Sale in St. Petersburg, Florida
1121 51st Ave N, St. Petersburg, FL 33703
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
- County
- Pinellas County
- Community
- Franklin Heights
- Elevation
- 13 feet
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
FRANKLIN HEIGHTS BLK 4, LOT 6 & E 1/2 OF LOT 5
Resources
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| John M Sexton Elementary-PN | Elementary | — | — |
| Meadowlawn Middle-PN | Middle | — | — |
| Northeast High-PN | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 14, 2025 | Under contract | $425,000 | — | MFRMLS |
| Nov 11, 2025 | Price drop | $425,000 | $15,000 -3.4% | MFRMLS |
| Oct 23, 2025 | New listing | $440,000 | — | MFRMLS |







