Residential Land for Sale in St. Petersburg, Florida

Under contract-accepting backup offers. Rare 0.58-Acre Homesite in Historic Pasadena-on-the-Gulf - St. Petersburg's Most Coveted Address. One of the largest residential parcels available in St. Petersburg. 25,000+ square feet (168.8' x 150') of fully fenced land with alley access in the storied Pasadena-on-the-Gulf neighborhood - a rare find in today's market, where lots this size simply don't come up. Built on 1920s land-boom history by developer Jack Taylor and golf legend Walter Hagen, Pasadena-on-the-Gulf remains one of St. Petersburg's most desirable Mediterranean-inspired waterfront communities. Minutes to Gulf beaches, downtown St. Pete, top dining, marinas, and parks. The opportunity: Build a custom luxury estate, a private family compound, or explore multi-homesite potential (subject to City of St. Petersburg approval). This is the kind of flexibility and scale that's nearly impossible to find close to the water in St. Pete today. Whether you're envisioning a signature residence, a multigenerational retreat, or a strategic land investment, 698 Villa Grande Avenue South is a blank canvas in an established, high-demand neighborhood. AI-generated renderings illustrate one possible two-lot development concept. Buyers should independently verify zoning, lot-splitting, and development potential with the City of St. Petersburg.